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Trevor’s Back! TVR sold to new British owner

TVR sold to a new British owner, Les Edgar TVR – once the pride of Blackpool – effectively disappeared from the car scene in 2006 when its Russian owner, Nikolai Smolensky, shuttered up TVR just two years after he bought it from Peter Wheeler and last yeare announced there would never be another TVR. But it now seems TVR has been sold to a British businessman, Les Edgar, who has bought the rights to the TVR name and the right to manufacture parts for existing cars. So far, the only evidence of a return is a new splash page on the TVR website (pictured above) which tells us that TVR are ‘Roaring Back’.

Going, going, gone: Ford sells Volvo to Geely

Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.

More drivers opt for speed awareness course

Drivers caught speeding are now more likely to take a driver education course than accept points on their licence, according to the latest government statistics. 953,428 motorists took a speed awareness course last year – a hefty increase over the 500,000 that took part in 2010. New so-called ‘stealth’ speed cameras: don’t panic “Black box” drivers hit by speeding fines from insurers This is partly down to the rise in speeding fines from £60 to £100 – taking a speeding awareness course usually costs around £85 (depending on the area), which means it’s now less rather than more than the cost of a fine.