TVR has 350 deposits for its new sports coupe that will be unveiled later this year. It will be built using a new production method devised by former McLaren designer Gordon Murray and called iStream. Murray’s company will also design the car. TVR plans to restart production in 2017 in a plant in Ebbw Vale, north of the country’s capital Cardiff. The factory represents an investment of 30 million pounds (USD43 million).
British powertrain firm Cosworth will develop the as-yet-unnamed car’s V-8 engine. Peak production will reach about 2,000 cars a year by 2022 with an initial marketing focus on the UK and selected European markets. TVR plans to bring four new models to market over the next 10 years, the release said. TVR was established in 1947 but it has a history of financial difficulties. It last made cars in 2004 when it was bought by Russian tycoon Nikolai Smolensky.
