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King Of Fools

Ldv To Go Into Administration

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'Administration deal' to save LDV

LDV, one of the last surviving UK-owned vehicle manufacturers, plans to go into administration on Friday as it tries to save 1,200 jobs, the BBC has learned.

The move follows speculation that it was close to clinching a rescue package a week after it shut down production.

...

http://news.bbc.co.uk/1/hi/business/4534386.stm

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'Administration deal' to save LDV

LDV, one of the last surviving UK-owned vehicle manufacturers, plans to go into administration on Friday as it tries to save 1,200 jobs, the BBC has learned.

The move follows speculation that it was close to clinching a rescue package a week after it shut down production.

...

http://news.bbc.co.uk/1/hi/business/4534386.stm

Not good news

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LDV = Land Development Value?

Its the old leyland daf company, maybe leyland daf vehicles or summin.

They went into recivership as of 6pm tonight, but an american equity group (Sun -something) has said that the financing is secure, so basically it will start up under a new name and folks will keep thier jobs.

They need to sort out what happens to pensions and suppliers who need to be paid but looks like its no big deal, just a buy out from an american company.

Its just information ive got from bbc news just now so it might be a load of boll0x like the bbc usually report.

EDITED:

My understaning is that LDV have created a new model of van whos cost were quite high, they were teamed up with daewoo i think , daewoo has now pulled out leaving LDV with full procution R+D costs which screwed thier cashflow.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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