AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

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chairman and managing director, Leyland Motor Corporation.

29th December 1967
Page 14
Page 14, 29th December 1967 — chairman and managing director, Leyland Motor Corporation.
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Which of the following most accurately describes the problem?

1967 has been an eventful year for the UK truck and bus operators, not least because of the recent Transport Bill. As a manufacturer. however, I feel that it is the decision to devalue sterling which will make this a memorable year.

I am proud of my company's past export record, but in too many cases profit margins abroad have been slim. With a realistic exchange rate I look forward to a substantial improvement in our sales to those countries, especially in Europe, where progress has been slow in the past.

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