1AC hits the buffers
Page 17
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: IRELAND, whose first Lir the British market has gone into service, is benit into liquidation.
occedings to wind up Ires only bus manufacturer, 3sidiarâ– ,, of the US-owned iral Automotive Corpora
have been initiated in lin High Court and the ion is to he heard next \C operates from a coned piano factory near non airport and which is
by CIE, the seini-State port company. CIE also
owns jigs for a family of buses and coaches designed in West Germany .ind built by GAC as part of a recentlycompleted fleet replacement programme for CIE.
Prospects of GAC being able to replace Ireland's 15year-old fleet of Bedford school buses look shaky and it has been trying to export in a hid to survive.
A double-decker shipped to Iraq has not been followed by volume orders and the lightweight rural bus just placed m service by United Automobile Services (CM, March 8) may be too late to save GAC.
The petitioner to the courts alleges that GAC Ireland is insolvent and unable to pay its debts. CIE says it is taking steps to protect its assets.
:rhe only comment CM could obtain this week from Shannon was a hope that "something will conic up" before a receiver is appointed.
Martin Poppleton, GAC's English-born managing director, is nor expected back in Shannon until at next week's hearing.