TVR recently updated their website with a "Never say never" teaser image and a new report is indicating Nikolai Smolensky is preparing to relaunch the brand with an all-new model.

Pistonheads managed to get in touch with Dietrich Probst who is the head of marketing for VIT Technology which apparently has ties to TVR. He told the website that TVR is coming up with a "detailed plan" to launch an all-new model. Probst declined to go into specifics but said "We are keeping in mind that it's a TVR, so it'll be a lightweight and very powerful sports car." He added that it will be "half the price of a Ferrari and probably as fast."

Despite boasting about mind-blowing performance, Probst confirmed the company hasn't decided on which engine to use. As you may recall, the last time TVR was relaunched they had planned to use a GM-sourced 6.2-liter V8 engine that developed 426 bhp (318 kW) and 420 lb-ft (569 Nm) of torque.

Probst said an announcement will be "within the next two weeks", so stay tuned for details.

Update: Autocar is reporting Nikolai Smolensky has sold TVR to British entrepreneur Les Edgar.

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