TVR Announces the Forthcoming production of their new car in South Wales
Published Date: 23rd Mar 2016
The British sports car brand, TVR, has announced today that production of its new car will be at a brand new facility in Ebbw Vale Enterprise Zone in South Wales. The Welsh Government will also invest in the project, to the tune of £30 million in capital expenditure over the next five years. The new TVR project was announced early on last year with 350 orders secured already with advanced deposits taken for the launch edition of the new car. There is no wonder people are ready to place their money down on this project set to include a Cosworth tuned V8 engine, body and chassis designed by Gordan Murray Design Ltd and F1 inspired ground effect technology.
The news of this comes after contracts were signed on the 18/3/16 and officially announced just yesterday on the 22/3/16 during a press conference by the First Minister of Wales RT. Hon Carwyn Jones. The iconic sports car maker, still have to decide on a specific location for the facility in the area and have several options to choose from with a final announcement of the exact location coming in the next few weeks.
Quotes on the exciting new car, new investment and new facility
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 development and the area is a serious opportunity for business development and job creation. We have a sports car project that has garnered global approval and excitement, and we are delighted that the Welsh government wish to become a part of an exciting new era for TVR.”
The First Minister said: “This is yet another fantastic high profile investment for Wales and a great boost for our automotive sector. TVR is another iconic and much loved, 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.
“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 and creating high quality jobs and it is another huge boost for Wales, for our automotive sector and for our skilled workforce.”