British automaker TVR announced today it will close its Blackpool factory and at least temporarily lay off 260 workers. However, the company’s CEO insisted that he is determined to not close the entire company. He said TVR would like to stay in England, but analysts believe the only option is to move out of the country. “This is the quintessential British sports car,” said Andy Robertson, a TGWU official. “I thought it would stay in England for ever but that is obviously not the case.” (Reports: BBC, Reuters).
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