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26th January 1985
Page 5
Page 5, 26th January 1985 — We three
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Keywords : Business / Finance

BEDFORD and Seddon Atkinson may soon become partners in a new company, which will share a cab with Daf, if talks between their parent groups are finalised.

INI, the Spanish State holding company which owns Enasa, Seddon Atkinson's parent company, is reported to be negotiating the sale of a majority share in its lorry building business to General Motors, of which Bedford is a subsidiary.

Until 1982, former Seddon parent International Harvester held a 35 per cent share in Enasa and INI has been looking for another foreign partner to take its place.

Both the Toyota group, which includes Hino Motors, and Nissan, which owns Motor lberica, have expressed an interest, but now it seems that the American giant is preferred by the Spanish.

Last year Enasa and Daf reached an agreement to share the development cost of a new cab for vehicles above 20 tonnes (CM, November 17, 1984).

A jointly owned company called Cabtech has been established at Eindhoven in the Netherlands, and the new cab is expected to be in production by 1988, with Daf taking around 12,000 a year and Enasa 6,000.

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