Archive for January, 1962
NEW CHAIRMAN FOR ROVER Mr S. B. Wilks has vacated the chairmanship of the Rover Company while remaining a member of the board. Mr M. F. C. Wilks has been appointed chairman and has relinquished the office of managing director. Mr L. G. T. Farmer continues as executive vice-chairman. Mr W. F. F. Martin-Hurst, deputy [...]
LORD NUFFIELD BACK AT HIS OFFICE FROM OUR CORRESPONDENT OXFORD, JAN. 25 Lord Nuffield, who left hospital in December, surprised the staff at his Cowley office by putting in a short spell of work today. He drove himself from his home at Nuffield. His private secretary, Mr C. Kingerlee, said: “We had no idea he [...]
Finance, Industry, and Commerce By Our City Editor Just how bad was the financial position of Standard-Triumph International when it was taken over last year by Leylands is now revealed in the annual statement by Sir Henry Spurrier (left), chairman of Leyland Motors. It also seems pretty clear from this statement that Standard were in [...]
Compensation totalling £110,000 was paid by Leyland Motors to the directors and some 300 senior and semi-senior staff of Standard Triumph International after the share-exchange takeover in June 1961; Because the S.T.I. group was continuing to operate at a heavy loss and knowing that drastic economies were required says Sir Henry Spurrier, chairman of Leyland [...]
CAR FACTORIES WANT MORE WORKERS FROM OUR CORRESPONDENT OXFORD. JAN. 19 Morris Motors, one of the British Motor Corporation factories at Oxford, and the neighbouring car-body manufacturers. Pressed Steel Company, between them need more than 1,000 new workers. Production in both factories is almost back to the peak reached before the 1960-61 recession and will [...]
BMC PRESS RELEASE To the British Press. Gentlemen: You may like to have the following information for reference. In view of the popular usage of the word ‘mini’ when referring to the current Austin Seven model, it has now been decided officially to rename this model and its derivatives the Austin Mini.
DAILY EXPRESS CAR MEN STRIKE Production at the Rover motor companies main plant in Solihull, Warwickshire, was hit yesterday when a strike by 80 men led to 2,500 being laid off.
The fall of £1,212,000, or 26 per cent, to £3,412,230 in Leyland Motors net profits for the year to last September is disappointing in spite of the fact that the decline is more than accounted for by the loss of £1,470,792 incurred by Standard-Triumph since it was acquired early in 1961. The dividend rate is [...]
FROM OUR CORRESPONDENT OXFORD. JAN. 8 The Pressed Steel Company at Cowley has offered back jobs to about 500 of its workers-the last of those declared redundant during the recession at the factory 14 months ago. It is understood that orders are piling up and peak production is likely for some months ahead. Members of [...]
MORRIS MINOR TO STAY IN PRESENT FORM FROM OUR MOTORING CORRESPONDENT An announcement by the British Motor Corporation yesterday assured the continuance in its present form of the Morris Minor four-cylinder car. To offset rumours to the contrary, B.M.C. said that the Morris 1000 was to continue in production for some long time to come. [...]
INFLUENZA MAKES 800 JAGUAR STAFF IDLE Jaguar Cars, of Coventry, laid off 800 employees yesterday because of absenteeism in the supply department. A number of workers were away with influenza and other illnesses. Those laid off were asked to report today as usual in the hope that the position will have improved. The assembly of [...]
GLASGOW HERALD FOUR MILLION AUSTINS The Austin Motor Companies four millionth vehicle, an A40 MK2 saloon, left the Longbridge, Birmingham, assembly lines during the first days production of 1962. It will be sold to Mr Garfield Weston, the biscuit manufacturer. Of the total number of Austin’s produced, 3 million have been produced since the end [...]
From Our Correspondent BIRMINGHAM, DEC. 31 Rolls-Royce and the British Motor Corporation are examining the possibility of technical collaboration, a statement by both concerns announced tonight. The two companies consider that in view of the economies to be gained by large-scale manufacturing and the ever-increasing importance of quality in the world’s car markets, there is [...]