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Daf aid now in doubt

22nd October 1992
Page 8
Page 8, 22nd October 1992 — Daf aid now in doubt
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Which of the following most accurately describes the problem?

• A financial rescue package for Daf Trucks in the form of a minority shareholding by Mercedes-Benz would be blocked under EC merger regulations says a leaked confidential industry report.

Volvo, Renault or Iveco, because of their market strengths would also be prevented from backing Daf, says the report. Des market share and production volumes can't support an appropriate R and D programme says the report.

Daf tie-ups with MAN and Scania, are also dismissed in the report, because they are preoccupied with their own restructuring or expansion plans.

Daf's long-term survival as an independent truck manufacturer can only be assured, says the report, through a move towards American-style chassis assembly on the Foden model.

El A group of Dutch MPs visiting Daf headquarters were told this week that the lossmaking company would be seeking new loans from the British and Dutch Governments.

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