TVR is to return to the market with an all-new British designed and built sports car.
The company, which has a new management team, has developed the car in collaboration with Gordon Murray Design and Cosworth.
More than a year of development has been completed so far. TVR will issue more specification details and early images later in 2015.
“We know that a new TVR has to be better than just good – it has to be outstanding,” TVR chairman Les Edgar said in a statement.
“From the outset we only wanted to work with the best partners in the business, and both Gordon Murray’s and Cosworth’s track records within motorsport and high-performance car design and engineering speak for themselves.
“Gordon Murray Design and Cosworth are the perfect partners for TVR, and together we will deliver a truly exceptional new car.”
The car will continue the tradition of a classic British two-seat sports car with a composite ground effect aero chassis and body package using Gordon Murray Design’s iStream technology.
It will feature the traditional TVR DNA of a front engine with rear wheel drive and a manual transmission, powered by a normally aspirated, dry-sumped V8 engine developed and engineered by Cosworth.
Production of the car will begin in 2017. It will be offered to the market at a competitive price point within its segment, consistent with TVR’s positioning in the past, the company said.
The cars will be completely produced in new UK factory premises.
“We are a well-funded, well-supported organisation and boast a vastly experienced management team,” Edgar said. “We are here to stay and we have a fully evolved 10-year plan for product and business development, and are committed to deliver on all the targets we have set ourselves, as we have done to date.
“Despite very deliberately maintaining a low profile since completing the acquisition of TVR two years ago, we have had an enormous amount of unsolicited interest from businesses, individuals and investors internationally.
“Such is the strength of the brand and the passion of its followers. It is a real privilege to be a part of the revival of a great British marque, one that will succeed through our single-minded desire to produce exceptional sports cars.”
Gordon Murray Design chairman Gordon Murray said that TVR was an iconic brand that had been an important part of British sports car manufacturing for many decades.
“Its return to manufacturing is an exciting development and the car deserves the best chassis and powertrain that can possibly be delivered,” he said.
“To that end, I am delighted that our company is involved with the project, and that TVR is using our iStream technology.”
Cosworth technical director Bruce Wood said his team had been working closely with TVR and Gordon Murray Design to develop a powertrain solution that perfectly complemented the exceptional performance characteristics of the car.
“It’s an exciting project and one that well suits Cosworth’s engineering expertise,” he said.