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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.

Hyundai explores pickup plans with Chrysler, report says

Hyundai proposed plans to Chrysler earlier this year to work together on a truck derived from the Ram chassis for Hyundai, Reuters is reporting. Chrysler CEO Sergio Marchionne rejected the overture from the South Korean company, Reuters says, but it's possible Hyundai could make another offer. The move could allow Hyundai to tap into a lucrative part of the U.S.

Porsche 911 GT3 R Hybrid – by Williams F1 +video

Porsche has developed the 911 GT3 R Hybrid with Williams F1 KERS Technology Read the headline carefully before you judge. This isn’t a Porsche 911 for the road, but a track 911 – the Porsche 911 GT3 R Hybrid. And yes, you read that right.