Work should soon start on TVR’s factory on Wales following a series of delays over the past 12 months.
Refurbishments at the factory were put on hold last year when the Welsh government purchased a 3 per cent stake in the company and provided it with a £2 million loan. The government’s stake in the small car manufacturer meant it became subject to state-funded company rules in the European Union and a tender for work at the Welsh facility had to go out across the entire EU.
Autocar reports that the Welsh Minister for Economy and Transport, Ken Skates AM, has selected a preferred building contractor for the factory work.
Also Read: TVR Griffith Delayed Until 2020 Due To EU Regulations
“There are a few bits and pieces that need to be tied up before we can announce further details, but it’s fantastic news for all concerned as we can state publicly that the sound of squealing tyres and roaring engines will be coming to the Valleys very soon,” TVR said in a statement.
According to the company, it needed “to clarify a number of unknowns within the building such as the discovery of some harmful and unusual substances, and the condition of the main roof and the fire system’s water storage tanks,” prior to announcing that work at the site was set to soon start.
TVR initially planned on kicking off customer deliveries of the new Griffith in early 2019 but delays at the factory have pushed back the car’s launch until early or mid-2020. Powering the car is a Ford-sourced 5.0-liter V8 tweaked by Cosworth and pumping out 500 hp.
