LEYLAND KEEPS EYE ON OVERSEAS MARKETS
Page 49
If you've noticed an error in this article please click here to report it so we can fix it.
SPEAKING at the annual general meeting of Leyland Motors, Ltd., Mr. J. H. Toulmin, J.P., chairman of the company, pointed out that a diminution in production was the major cause of lower profits in the past year. There had inevitably, been a certain retardation of output by putting into active work the new engine and axle shops and by the building of many special vehicles to meet the requirements of certain customers.
In addition, the company has developed and marketed new types in both the passenger and goods ranges, including limited quantities of the underfloorengined •bus, the rear-enginecl bus and a new series of goods models, all of which were designed for the Show, which was to have been held in Novem
ber last. This development has had a considerable effect on the volume of output. •
Mr. Toulmin made it clear that the company has paid particular attention to the overseas markets, and although the benefits may not immediately accrue, owing to the war, it is felt that it will be to the ultimate advantage of the company.