[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Wednesday, 28 February 2007, 19:22 GMT
TVR buyer shrugs off probe fears
TVR car
In December just under 300 TVR workers were made redundant
The Russian owner of sports car firm TVR has shrugged off fears of a potential government probe after buying the company back from administrators.

Nikolai Smolenski said the administration was a "lose lose" situation and made no financial gain.

Blackpool MP Joan Humble and the Transport and General Workers' Union want an investigation into the sale, after 260 workers lost their jobs.

Mr Smolenski also ruled out returning production to Blackpool.

He added: "The damage done to the TVR brand in the last two months has been tremendous.

"At the moment it is very difficult to see how TVR is going to go back to Blackpool. Britain does not support industry."

The Blackpool redundancies angered the TGWU, which campaigned against the end of production last year and presented a petition to 10 Downing Street.

Union anger as TVR is bought back
22 Feb 07 |  Lancashire
Bidder says TVR is 'prime asset'
12 Feb 07 |  Lancashire
Redundancy notices for TVR staff
05 Jan 07 |  Lancashire
'Confident' of finding TVR buyer
29 Dec 06 |  Lancashire
Concern over car maker's future
24 Dec 06 |  Lancashire
TVR to move car production abroad
18 Oct 06 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific