Russian tycoon's son buys British carmaker TVR

Newswire

MOSCOW, July 28 (Reuters) - The son of a Russian banker has bought British sports car maker TVR for an undisclosed sum, the latest foray into high-profile acquisitions abroad by Russians sitting on newly-made fortunes. Nikolai Smolensky, the son of Russian banker Alexander Smolensky, bought 100 percent of the firm, TVR said late on Tuesday. "Plans for the future are to continue trading, invest heavily in new technology and production methods, and hence enhance the TVR brand to become a ...

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