Hundreds of jobs at the Blackpool-based sports car manufacturer TVR appear to have been saved after crisis talks with union leaders.
Many jobs appear to have been saved at TVR
The Russian car company announced it is to remain in the Lancashire resort but intends to move to a new site.
Full details are not yet known but the Transport and General Workers Union (T&G) believe up to 300 positions could be saved.
The union will meet TVR bosses again in 10 days time.
Last month, the firm announced that the Bispham factory would close within the next six months.
Andy Robertson, T&G regional industrial organiser, said: "We're not out of the woods yet but this looks like positive news after a period of gloom."
Further meetings are planned.