Loss-making Daf spots UK fleet upturn
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• Daf says it has spotted tin first signs of an upturn in th4 UK truck market — evei though last week it announced ; worldwide loss of £123m on turnover of £1,544m durini 1991.
Although there is still ; shortage of firm orders, flee customers in the UK are at las talking about replacing thei vehicles. Martin Hayes, corn munications director for its U1 subsidiary Leyland Daf, says "We're seeing at the momen some recovery coming throng' from the fleet customers They're talking about buyin and in some cases actually buy ing,"
Daf is asking the Dutc: Government to guarantee 2.100m loan from financial insti tutions in an effort to bolster it finances. It blames its problem mainly on the depressed UI market which accounted for onl 32,000 last year — 54% lowe than in 1989.