Leyland cuts its losses
24th August 1985, Page 8
24th August 1985
Page 8
Page 8, 24th August 1985
— Leyland cuts its losses
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Keywords :
British Brands, Paccar, British Leyland, Leyland Trucks, Land Rover, Rover Company, Leyland, Lancashire, Business / Finance
LEYLAND TRUCKS is believed to have maintained its loss reduction in the first, half of 1985. Details are expected to be announced next month.
At present, high interest rates and a high Sterling value against European currencies, particularly the Swedish Kronor, arc holding back more rapid improvement.
The performance this year and next will be of crucial importance to the company. The Conservative Government's commitment to selling off and rationalising as much of BL as possible adds political pressure to the need to make money.
Land Rover-Leyland chairman and chief executive David Andrews would not be drawn this week on the rumours that GM might buy Leyland Trucks for S:360m (CM, August 10).