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24-12-2006, 11:16 PM

Concern over car maker's future

Unions representing workers at sports car maker TVR are seeking urgent talks after administrators were apparently called in on Friday.
Bosses of the luxury car maker based at Bispham, Lancashire, decided last month to move production abroad after talks with potential buyers collapsed.

T&G union official Tony Hodson said officials were hoping to meet the administrators on 2 January.

Local MP Joan Humble condemned the way workers had been treated.

TVR managers and the administrators have not been available for comment.

Ms Humble, Labour MP for Blackpool North and Fleetwood, paid tribute to the workers' dedication and craftsmanship.

"This is a very sad way to end what has been an extremely difficult year for the dedicated workforce at TVR.

"They have had a rollercoaster year during 2006 with many being laid off then taken back, then offered the hope of a new factory in the south of Blackpool, then laid off again and told that the business is going to close.

"This has been a dreadful way for the management to treat a workforce who have devoted themselves to building a wonderful sports car which is known throughout the world.

"I feel desperately sad for the families who now wont have an income from the company over Christmas and who will be waiting, full of anxiety, to see what the new year will bring," she said.

Last month TVR drivers staged a rally in London before handing in a petition to Downing Street to show their support for the Lancashire factory workers who were losing their jobs.

Story from BBC NEWS:

Published: 2006/12/24 13:26:53 GMT


25-12-2006, 05:17 PM
Terrible news, perhaps somebody can step in and buy it as a going concern. There is still tremendous value in the brand

29-12-2006, 11:33 AM
'Confident' of finding TVR buyer

TVR owners rallied support for the workers
The administrators appointed to the firm which produced TVR sports cars has said it is confident of finding a buyer for the company.
Blackpool Automotive, makers of TVR, announced in October that production was moving abroad, but a week ago administrators were called in.

Proposals to move from its Bispham base to a new factory in Blackpool had earlier been shelved.

Administrators PKF (UK) LLP said the firm would be sold as a going concern.

The future of the firm has been uncertain since its plans for a move locally were scrapped a few months ago.

The announcement was made about moving abroad and workers laid off, prompting protests by TVR owners and a petition to Downing Street.

Union meeting

In a joint statement, administrators Kerry Bailey, Matthew Gibson and Philip Long, stated: "It is our intention to advertise the business for sale as a going concern and we are optimistic that a purchaser will be found in the New Year."

T&G officials are due to meet administrators on 2 January.

Established in 1947, TVR is Britain's largest independent sports carmaker.

It was founded by Trevor Wilkinson, who used three consonants from his first name for the company title.

It was bought by young Russian tycoon Nikolai Smolensky in 2004.

02-01-2007, 11:39 AM
Its all up and down for TVR at the moment... first they're moving, then they're not, then they are again and now the administrators are in?

Has the young Russian lost the plot?

05-01-2007, 02:59 PM
Workers at troubled sports car maker TVR have been made redundant, union officials have confirmed.

Employees were sent notices on Thursday after administrators were brought in at Blackpool Automotive, the firm's manufacturing arm, last month.

Just under 300 workers are now looking for new jobs after being left in limbo over Christmas - and without wages - when the firm went into administration.

TVR announced in October plans to move production from Blackpool to Europe.

Administrators at PKF (UK) LLP previously said they wanted to sell the firm as a going concern and were optimistic a buyer could be found.

The future of the firm has been uncertain since its plans to move production within Blackpool were scrapped.

Andy Robertson, regional organiser of the Transport and General Workers Union, said the formal news had brought an end to a "dismal period" for TVR workers.

"It's the end of Blackpool Automotive and production of TVR in Blackpool," he said.

After a Christmas without wages while uncertainty still surrounded their future, workers could now concentrate on finding new work, he added.

Blackpool Council, together with the union, has organised an open day at Blackpool Technology Centre on 15 January for former workers to discuss the way forward.

A team of advisors will be on hand to answer a variety of questions on issues such as welfare rights and training opportunities.

Established in 1947, TVR is Britain's largest independent sports carmaker.

It was founded by Trevor Wilkinson, who used three consonants from his first name for the company title.

It was bought by young Russian tycoon Nikolai Smolensky in 2004.

Story from BBC NEWS:

Published: 2007/01/05 12:39:42 GMT


05-01-2007, 03:03 PM
So how do I buy the company then? :)

05-01-2007, 03:11 PM
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."

Good news for owners I guess?