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TVR sold
Thu, 22 Feb 2007By 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.
Land Rover marks 1 million Range Rovers with charity donation
Thu, 04 Nov 2010Land Rover commemorated the production of Range Rover No. 1,000,000 by donating a car to Britain's Help for Heroes charity, which helps wounded war veterans and their families. The charity plans to sell the car at an auction later this year.
Magna mulls Pininfarina takeover
Wed, 17 Nov 2010Canadian-Austrian parts supplier Magna International Inc. is weighing a proposal to buy Italian design specialist Pininfarina S.p.A., three sources with direct knowledge of the matter told Automotive News Europe. Earlier this month, Pininfarina's quarterly earnings report disclosed that the company could be sold as soon as Dec.