Bulletin

Driver of growth: TVR to open new factory in south Wales

New jobs - Creating 150 jobs - SantanderCB

Independent carmaker TVR has announced plans to open a factory in Ebbw Vale, South Wales, creating 150 jobs. The £315m Circuit of Wales project, which includes a racetrack, is a further boost for the region following Aston Martin's decision to build its new DBX crossover model at a plant in St Athan from 2020. TVR's management team have been looking for a new base from which to build cars since taking over the company in 2013. The firm has enough orders to remain busy until the end of 2018, and bosses hope to be making 2,000 vehicles a year by 2020. The Welsh government says more than 150 companies are involved in the automotive supply chain, employing about 18,000 people and generating more than £3bn for the Welsh economy.

 

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