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Builders hit by recessior

14th December 1989, Page 12
14th December 1989
Page 12
Page 12, 14th December 1989 — Builders hit by recessior
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Which of the following most accurately describes the problem?

• Most of Britain's truck manufacturers are cutting bad as the truck market slides intc a recession.

In the first nine months of this year Iveco Ford's UK truck production fell by 5.5%, Seddon Atkinson's by 7%, AWD's by 14%, and Renault riuck Industries by 28%. Pro duction levels were virtually unchanged at Leyland Dais Lkyland plant. Only ERF and Foden managed to boost their output (by 19.5% and 6.5% re spectively), and with ERF still on a four-day week that increase is obviously affected by earlier results.

Light CV output has increased with Ford, Leyland Daf and IBC all doing well. IB, production rose 26.3% to cop( with increased exports.