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Simms to Drop Vehicle • ,Electrics NIEGOTIATIONS ,are well advanced
28th September 1962, Page 55
28th September 1962
Page 55
Page 55, 28th September 1962
— Simms to Drop Vehicle • ,Electrics NIEGOTIATIONS ,are well advanced
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for the sale of the Riverside electrical component works of Simms Motor and Electronics Corporation, Ltd., to the Ford Motor Co., Ltd_ This was announced on Tuesday by Mr. Liardet, chairman and managing director of Simms, who said that the reason for the sale of this part of the group was the losses incurred by them in the past two years. The Simms organization will continue to distribute vehicle electrical equipment made at the Riverside works but when the sale is completed will not be making such components thernS.elves.
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