► TVR rises once again with new Griffith
► Charge Holdings agrees to make it a subsidiary
► Could mean future electric TVR cars
TVR is to be resurrected yet again – this time by Charge Holdings, the limited company that owns the Charge Cars brand that restomods classic cars to run on EV powertrains.
Charge Holdings has confirmed via a press release a ‘framework’ for a merger, announcing that TVR Automotive will become a subsidiary ‘as part of a phased merger and acquisition process designed to create a multi-brand, low-volume integrated automotive group.’
As well as members of the board being appointed and new shares being distributed, Charge Holdings says the merger will allow it and TVR to ‘share intellectual property, engineering expertise, facilities, and leadership resources, creating a platform capable of scaling both brands and bringing a new generation of TVR vehicles to market.’
In the short term, Charge Holdings confirms that it intends to finalise and deliver the Griffith to customers that, at this point, had likely assumed the car was never going to see the light of day.
After that, the group says it will ‘expand into new technologies in the future. Given the fact Charge Cars deals exclusively in creating electric vehicles, you can largely see where this is going: one day, a TVR might be electric.
Naturally, though, this announcement is just the start of what will likely be a long process of getting TVR up and running again – and finally delivering its first new car in decades.
By Jake Groves
CAR's news editor; gamer, trainer freak and serial Lego-ist
