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Rover sale will not affect CV's

7th April 1988, Page 19
7th April 1988
Page 19
Page 19, 7th April 1988 — Rover sale will not affect CV's
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• Truck manufacturer Leyland Daf says it will not be affected by the sale of Rover Group — which owns 40% of its parent Daf BY — to British Aerospace.

Rover is being sold for £150 million and its £1.1 billion debts have been set aside. The company co-owns Daf BV with Dutch investors. Freight Rover, an autonomous division of Leyland Daf, insists it will not be affected either.

It buys engines, dashboards and interior trim from, and subcontracts for, Rover Group.

It says its links with the group and its four-wheel-drive vehicle division Land Rover, to which it supplies pressings, have always been on a commercial customer-to-customer basis: "Whoever owns Rover Group will not affect this relationship," it predicts.

British Aerospace, Rover Group's new owner, has announced pre-tax loses of £159 million.

D French motor manufacturer Renault has been Oven the goahead by the European Commission for a massive £1.9 billion injection by the French Government before 1990, but under French commercial law the group must become a public company.