LEYLAND TO FORM AUSTRALIAN COMPANY
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THE Leyland Motor Corporation and its associated companies are planning to form an Australian company with a capital of severalmillion pounds. Factories of the new company will make trucks and buses, and the production of Triumph cars by one of Leyland's associated companies will not be affected.
Managing director of the Leyland Corporation, Mr. Donald Stokes. said in Melbourne last week that Australian laws made it necessary to form a private company first, This would be converted into a public company as soon as possible, and the Australian public would be invited to take up to half the shares. Leyland has been established in Australia since 1925 and its assembly plant at Footscray, in Melbourne, is described as the biggest supplier of heavy vehicles 'in Australia. This plant will he expanded, as will plants in Brisbane and Adelaide.