Tanfield's Us Sale Plan Is 'Good News'

The JournalMarch 11, 2010

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Summary


THE founder of North East stock market-listed company Tanfield says plans to sell its electric vehicle making business to its US partners is good news for the region.

Washington-based Tanfield said it has been approached by its American partner with an offer to buy Smith Electric Vehicles for pounds 37m.

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Extract


Tanfield's Us Sale Plan Is 'Good News'

With the recent rush for low pollution transport Tanfield has grown SEV since paying pounds 3m in 2004 for the firm founded in Gateshead in 1920 by the o...

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