Horrocks quits BL trucks
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• Ray Horrocks, the [IL group chief executive responsible for the commercial vehicle and car businesses, resigned this week.
Although the new BL (now renamed Rover Group) chairman Graham Day is reported to have tried to persuade Horrocks to remain, he felt that the Government had punished him for leading opposition to the sale of Austin Rover to Ford.
His departure follows the resignation last month of David Andrews, the executive responsible for commercial vehicles until he had led a buy-out bid for Land Rover in the face of Government-supported plans to sell the CV business to General Motors.
Day also revealed this week that there has been a substantial rise in the group's losses in the first half of this year.
He says steps must be taken to cut Leyland Trucks' costs and it will take two to three years of positive progress before Land Rover can be privatised.
Full details of the first-half figures will be published in September.