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SA sale is proceeding

19th November 1983
Page 7
Page 7, 19th November 1983 — SA sale is proceeding
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Which of the following most accurately describes the problem?

"Seddon Atkinson has no control over the sale, but International Harvester has reached a basic agreement with a prospective purchaser," he said.

"One of the conditions of that agreement is that the purchaser will continue production of vehicles in the UK. We are not a company that is going to disappear."

Emphasising the enthusiasm that still exists at Oldham, despite Seddon Atkinson's current parent company's recent troubled past, Mr Woodhead said, "We don't give a damn who owns the shares," and he described how Seddon Atkinson product development has continued apace. "We shall have one more new model before Christmas and three more before March 1984.

He reminded Press representatives that International Harvester itself was now in a much improved position and it did not have to rush into a sale. "They new owner before the end of 1983. at the Scottish Show by Gerry managing director, but he would asa is to be the new owner.

are much more stable and have recently increased vehicle production by 20 per cent".

He confidently predicted that "we'll see you again at the Scottish Show in two years."

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