Archive for April 29, 2009

Press Report : LDV on the brink of administration

Jonathan Guthrie, FT.com, 29th April, 2009 Birmingham van maker LDV has announced it will enter administration on May 6, a move likely to result in several thousand job losses. The company, which is owned by Russian oligarch Oleg Deripaska’s GAZ Group, said that it had given up any hope of receiving a small bailout of [...]