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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.

New entry-level Caterham Seven to cost under £17k

The new entry-level, sub-£17k Caterham Seven If there’s one thing you know about the Caterham Seven – Caterham’s recreation of Colin Chapman’s iconic Lotus Seven – it’s that it’s not b exactly laden with fripperies and heavy technology. So when Caterham tell us that they’re soon going to launch a new, entry-level, Seven that takes the Seven “…back to its simple design roots” we do wonder how much simpler the Seven can be than it already is. But Caterham say the new Seven will be probably the most fuel efficient car they produce with a new EU-6 compliant engine providing accessible fun for ‘under £17k’.

Tesla Model X Premiere on 9th February

Tesla Model X to debut 9th February Tesla CEO Elon Musk has revealed that the Tesla Model X Suv Crossover will debut in California on 9th February. With the Tesla Roadster at the end of its life, and then Model S Saloon about to hit the road (probably), Tesla are moving on to the next instalment of their electric car pilgrimage - the Tesla Model X. We had expected the Model X – which is based on the same underpinnings as the Model S Saloon – to debut by the end of 2011.