• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

TVR announces new production facility in South Wales

Car Dealer Magazine by Car Dealer Magazine
March 22, 2016
0
Home News

BRITISH sports car firm TVR has announced that it will build a new production facility in the Ebbw Vale Enterprise Zone in South Wales.

The Welsh Government has also announced it will invest significant sums in the carmaker’s future, further enhancing the manufacturing project which represents more than £30m of capital expenditure over the next five years.

The contracts to locate the new TVR factory in Wales were signed on the 18 March, 2016, and the deal was officially announced by Rt. Hon Carwyn Jones, the First Minister of Wales, during a press conference this morning (22 March).

TVR is currently looking at several specific options for the precise location of the factory, which is set to be announced in the coming weeks.

Les Edgar, chairman of TVR, said: ‘This is a fantastic opportunity both for TVR and the Welsh Government. South Wales is becoming a major hub for automotive and motorsport technology and the area is a serious opportunity for business development and job creation.’

Carwyn Jones added: ‘This is yet another fantastic high profile investment for Wales and a great boost for our automotive sector. TVR is another iconic, world-class brand that still commands a strong and loyal international following. I am delighted the next generation of TVRs will proudly bear the label Made in Wales.’

The news follows follows the announcement that a new £200m Aston Martin factory will open in St Athan in 2017, employing 750 people.

Carwyn Jones continued: ‘Today’s news follows hot on the heels of the Aston Martin announcement and sends out a strong, clear message that Wales is the location of choice for advanced manufacturing. It also illustrates that our pro-business approach is delivering results, attracting significant investment, creating high quality jobs and it is another huge boost for Wales, for our automotive sector and for our skilled workforce.’

The new TVR project, which was announced in early 2015, has already secured in excess of 350 deposits for the new launch edition car and the Welsh factory will be busy fulfilling orders that already run through to the end of 2018.

The chassis and body has been designed by Gordon Murray of Gordon Murray Design Ltd. –  a British visionary design and engineering company based in Surrey – and will be the first production car to be manufactured using the firm’s revolutionary iStream assembly process. The new car will be powered by a Cosworth tuned and enhanced V8 engine.

MORE: New Infiniti centre to be opened in Cambridge

MORE: It’s time to banish fear and assumptions online

MORE: Man crashes Astra into Porsche dealership

On SuperUnleaded.com: Gun-toting Passenger Picks Wrong Moment For Taxi Robbery

Previous Post

BCA announces appointment of new MD for technical services

Next Post

BEN chief executive David Main to retire later this year

Related Posts

Used car market stronger than ever as August sees sales up by nearly 50 per cent for Big Motoring World
News

Lockdown 3 having minimal impact on consumer demand, reveals Auto Trader

January 14, 2021
News

Groupe Renault announces model offensive including new electric Renault 5

January 14, 2021
News

Arnold Clark and other major Scottish dealers plan to continue offering click and collect from Saturday

January 14, 2021
Hendy Group chooses Crawley for second Suzuki franchise
News

Hendy pre-tax profit for 2019 dropped by 64 per cent to £2.6m, latest results show

January 14, 2021
Comment: Can or can’t car dealers in Scotland offer click and collect? Why on earth do we still not know for sure?
News

Comment: Can or can’t car dealers in Scotland offer click and collect? Why on earth do we still not know for sure?

January 14, 2021
Used car sales website Carzam just ‘days away from launch’ as it aims to accelerate motor trade change
News

Carzam bolsters management team with two key hirings

January 14, 2021

Want to receive the latest news?

Sign up to the Car Dealer daily news briefing for the latest news and advice during these unprecedented times.

Subscribe Now
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

December 21, 2020
Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs
News

Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs

January 6, 2021
Investigation: Should car dealers be selling and delivering during lockdown?
News

What do we know about online used car dealer Cazoo? Who is Alex Chesterman? And will Cazoo float on the stock market?

January 5, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 5, 2021
Used car dealer Cazoo accused of online-only U-turn as it sets up physical sites and closes Imperial dealerships
News

Comment: Why Cazoo founder was naive to label this used car sales business as ‘flawed at every level’

December 1, 2020
Car Dealer Power

Car Manufacturer of the Year – Where did your manufacturer rank in Car Dealer Power 2020?

November 23, 2020
Investigation: What do car buyers want from online car sales? New research reveals customers’ likes and dislikes
Car Dealer Live

Investigation: What do car buyers want from online car sales? New research reveals customers’ likes and dislikes

November 28, 2020
Car Dealer Power

The best car dealer suppliers named in the Car Dealer Power Awards 2020

November 26, 2020
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C