TVR PRODUCTION GOES UP FOR SALE

TVRs at homeThe manufacturing arm of TVR is up for sale, according to a story in the Financial Times.
Administrators have said that they plan to sell Blackpool Automotive Ltd, TVR's car production company, as a going concern, although the question of whether it'll be called TVR remains up in the air. The administrators said they were "optimistic" that the sale could be concluded early in this new year.
The follows TVR owner Nikolai Smolenski's decision, announced in October, to move the Blackpool company's manufacturing facility to Italy. Bertone will make cars for TVR, the announcement said.
The production company, previously called TVR Engineering and Production, was created last year as part of a restructuring out of what was TVR Engineering, which was renamed in June last year, according to Companies House.
And more light's been shed on the financial hole in which TVR finds itself with the revelation that TVR made a loss of Ј11.8 million in 2005 on a turnover of Ј16.7 million.
Despite that, the firm's bosses continue to put on a brave face. TVR is here to stay, according to managing director David Oxley and Smolenski. They said the firm's future is assured, and that it's heading for good times with a new 600bhp model due late this year.
It's hard to say but is this the last knockings for TVR?