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TVR sold

By Tim Pollard Motor Industry 22 February 2007 10:30 Russian businessman Nikolai Smolenski is back in charge of the failed TVR business - and looks set to move production abroad. The deal was announced on Thursday evening, after the administrators PKF Partners struck a deal with Smolenski to buy TVR's assets for an undisclosed sum, thought to be in excess of £2m. The Russian businessman bought TVR in 2004 for around £15m, but sales stalled and the Blackpool factory crashed into administration at Christmas time.

Button blasts noise detractors

JENSON BUTTON has delivered a damning response to any Formula One driver bemoaning the sport's current lack of noise. The piercing scream of the old 2.4-litre V8 engines has been replaced by the more textural sound of the new 1.6-litre V6 turbo-charged power units, and it has caused a considerable furore. Following the Australian Grand Prix race chairman Ron Walker was left fuming, suggesting he had grounds for a lawsuit as he felt the lack of sound compromised his contract with Bernie Ecclestone.

De Tomaso Deauville production off to China

De Tomaso Deauville - off to China Gian Mario Rossignolo’s De Tomaso has been struggling to get up and running, and now they’ve sold De Tomaso Deauville production to China. If there’s been one constant in the history of De Tomaso, it’s been a lack of money. And despite former Fiat exec Gian Mario Rossignolo’s takeover of the De Tomaso brand from the liquidators last year, it seems nothing much has changed.