13 May 2004

TVR has denied that its owner, Peter Wheeler, has ‘put the company up for sale’, but let it be known that the Blackpool sports car company could probably change hands if the right buyer came along.

Reports last weekend suggested that Wheeler had received offers around £15 million from a number of potential buyers — believed to include the former McLaren shareholder Creighton Brown and ‘a wealthy American financier’.

Newspapers claimed that Wheeler had previously tried to sell the company to Jon Moulton of Alchemy Partners, the company that tried to acquire Rover Group from BMW four years ago.

TVR general manager Ben Samuelson told Autocar that Wheeler ‘is far from trying to sell’, though he would entertain offers at the right price.

‘Peter is still in the office working every day, and he cares as much about TVR as he did five or 10 years ago,’ he said. ‘But no company is beyond price. Even the Quandt family, which owns BMW, would sell if the offer was big enough.’ TVR made its first car in 1949 and was acquired 22 years ago by Wheeler, an oil millionaire. It builds around 800 cars a year, having hit a peak of around 2000 in the late ’90s.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Nissan Leaf Tekna
    The is the new Nissan Leaf
    First Drive
    21 March 2018
    The new version of the world's best-selling electric car gains a bigger battery and more power. How does it compare to rivals such as the Volkswagen e-Golf?
  • Range Rover p400e
    First Drive
    20 March 2018
    The original luxury SUV is now available as a plug-in hybrid, promising lower emissions and the capacity for silent electric motoring
  • BMW i3s
    Car review
    20 March 2018
    Revised hatchback sets out its range-extended electric stall in a new, sportier tune
  • BMW X2
    This is the new BMW X2
    First Drive
    20 March 2018
    Doesn’t deliver many typical crossover selling points but looks perky, handles keenly and is well capable of winning over your latent cynic
  • First Drive
    20 March 2018
    The newest version of Rolls-Royce's flagship model sets new standards for opulence and luxury whether you're driving it or being driven in it