Jaguar Buy Guy Motors G UY vehicles will still continue in
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%-/existence. It was announced on Tuesday that Jaguar Cars, Ltd., had purchased Guy Motors, Ltd. A joint statement by the chairman of Jaguar. Sir William Lyons, and the Official Receiver, Mr. S. V. Lancaster, said that the sale "makes possible the continuance of the Guy Motors business, although it will not enable the debt due by Guy Motors to the bank (Lloyds Bank, Ltd.) to be paid in full." A compulsory petition is to be presented for the winding-up of Guy. Nothing is expected to be available for shareholders or other creditors. After the announcement, Guy Is, shares dropped Sid. to 3d. Jaguar Cars bought the Daimler concern in May, 1960, for £3,400,000. Lloyds Bank put in the receiver into Guy three weeks ago. it then being reported that Guy owed the bank £1,284,000.
New Hydrostatic Transmission
FOLLOWING the publication ' of an article last week in a London daily paper regarding "a revolutionary design of transmission," Bristol Commercial Vehicles, Ltd., have stated that they are the bus-chassis manufacturing company concerned. They are experimenting with a hydrostatic transmission and have been so engaged for the past year or more in association with the National Engineering Laboratory. East Kilbride, and the old-established firm of Towler Brothers .(Patents), Ltd., hydraulic engineers, of Leeds. This equipment is to be fitted first to a Bristol Lodekka double-deck bus, and if found satisfactory will be available for trial and service tests with the Tilling and Scottish groups of bus companies. The Commercial Motor has had knowledge of this transmission and its development for some time now. Oblique reference was, in fact, made to the Firth system in "Bird's Eye View " on June 23, last. At that time it was pointed out that no actual parts had yet been made, and apparently, this position still holds true. although it is understood that prototype manufacture of the transmission components will be commenced in the very near future.
Fish to Paris
CHARLES ALEXANDER A N D %-.0 PARTNERS. of Aberdeen. are to provide Allan and Dey, Ltd., Aberdeen fish merchants, with a road and sea service between Aberdeen and Paris on an experimental basis to determine the scope for road transport of fresh fish to France. At present quality fish from Aberdeen is sent by rail. The two-and-a-half days 750-mile road haul will not be faster than rail, but will eliminate handling at various points. One refrigerated unit will be used initially and return loads may be handled if Common Market developments mature in the future.