A changing of the guard is taking place at TVR Engineering Ltd. as the British auto maker is sold to a Russian entrepreneur. The move takes place as the company prepares to launch its new Sagaris and Tuscan 2 models. Nikolai Smolenski, the son of the former chairman of Russian bank SBS-Agro, acquires 100% ownership in the auto maker from Peter Wheeler, after 23 years as the driving force behind TVR. Wheeler will remain on TVR’s board as a senior consultant overseeing styling and ...

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