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TVR has confirmed plans to set up a sports car plant in Ebbw Vale next year, with the creation of 150 jobs.
TVR is considering plans to set up a sports car plant in south Wales by the end of 2017.
TVR has confirmed plans to manufacture a new sports car in the UK from 2017, in collaboration with Gordon Murray Design and Cosworth.
TVR is looking to start producing sports cars in the UK, following the sale of the brand by its Russian owner to a Surrey-based businessman for undisclosed terms.
TVR has decided to relocate its sports car factory to a new site in Blackpool, securing the future of most of the 260 jobs.
TVR, the Blackpool-based sports car manufacturer with 400 staff, has been acquired by a Russian businessman, and a substantial investment is expected to expand the company into North America.
The TVR sports car factory at Blackpool is to almost double output next year, and plans to recruit a few dozen more employees.