According to Autocar, Carwyn Jones, the first minister of Wales, has confirmed that TVR will build a new plant at or near the Circuit of Wales track that's due to open later this year.
Unnamed sources within the company have told AutoExpress that TVR's new factory will be located in the town of Ebbw Vale, a few kilometres from the Circuit of Wales and around 48km north of the capital Cardiff.
TVR chairman Les Edgar told the latter publication: "This is a fantastic opportunity both for TVR and the Welsh Government. South Wales is becoming a major hub for automotive and motorsport technology."
Regardless of its precise location, the new factory site will provide both TVR's engineers and potential customers with easy access to a high class racing track.
Above: 2005 TVR Sagaris
Last year, the revived automaker announced that it had partnered with Gordon Murray to design its new generation of high performance sports cars. The Wales-built TVR range will have the distinction of being the first cars made using Gordon Murray's iStream production method.
The new TVR models will be powered by a front-mounted, naturally-aspirated dry-sump Cosworth V8 engine driving the rear wheels via a manual transmission.
If all goes according to plan, the first of the new generation TVR sports cars will begin rolling off the line in the second quarter of 2017. The company claims that it has secured deposits, at 5000 pounds ($9300) a piece, for its entire 2017 production run, which will be in the "low hundreds".
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