Over the quiet Xmas break, the typically taciturn company from Blackpool issued a statement that confuses as much as it enlightens.
As a private company, TVR doesn't have to reveal much information, but it appears from the statement reproduced below that it's been split into at least three parts. There seems to be a holding company, plus two wholly-owned divisions: TVR, which will presumably act as a sales and marketing operation, and a production division, Blackpool Automotive.
And Blackpool Automotive has been placed into administration, said TVR, prior to its move abroad, which was announced in October, although the parent company remains in operation.
Following TVR's announcement in October that it was to discontinue in-house production of its cars in favour of outsourcing, the company sold off its manufacturing division, Blackpool Automotive Ltd, which has subsequently been put into administration by its new shareholders.
Although it is unfortunate that Blackpool Automotive has gone into administration, TVR and its parent company remain in operation. Normal business continues for the prestige sports car company and its network of authorised dealers and service centres throughout the UK and abroad. Current warranties and the supply of parts also remain unaffected.
David Oxley, TVR's managing director, said: "It is unfortunate that production could not continue as it had done for so many years, but it is time for TVR to move on and to meet increasing international demands. Our plans include appointing expert partners and outsourcing to more advanced facilities, which will ultimately mean a better product for everyone, both here in the domestic market and internationally."
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It will be interesting to see how TVR continues business as normal while its production facility is non-existent.
Despite numerous attempts, PistonHeads was unable to reach anyone at TVR -- no-one's answering the phone -- but we'll bring you more information as soon as we can.