LDV

News : LDV Returns! Well, to Ireland at least…

News : LDV Returns! Well, to Ireland at least…

Craig Cheetham   It may not be a name steeped in glamour, but as one of the stalwarts of the former BMC/BL empire, LDV was one of the hardiest survivors. Now it’s back – well, in a sense. In the past few weeks, LDV has relaunched in Ireland, with talk of a return to the UK […]

Press Report : Tiny payout for LDV creditors

Press Report : Tiny payout for LDV creditors

Graeme Brown, Birmingham Post, 24th June, 2010 Creditors of failed Birmingham van-maker LDV will share a maximum of just £600,000 in compensation payouts – from a total debt mountain of £75 million. Hundreds of dealers, trade suppliers and other firms owed sums of up to six figures by the Birmingham van manufacturer have been told […]

Press Report : LDV creditors set to receive less than 1p in £1

Press Report : LDV creditors set to receive less than 1p in £1

Jon Griffin, Birmingham Post, 21st October, 2009 Hundreds of creditors of van-maker LDV are set to receive “little or nothing” following its £75 million crash – with paltry dividends of less than 1p in the pound. Dealers, trade suppliers and other firms owed sums of up to six figures by the Birmingham van manufacturer have […]

Press Report : Former MGR advisor Qu Li buys LDV’s assets

Jon Griffin, Birmingham Post, 16th October, 2009 The Chinese businesswoman named in the MG Rover Report as ex-Director Nick Stephenson’s lover has bought LDV’s assets – and looks set to move the operation to Longbridge. Dr.Qu Li Dr. Qu Li’s Eco Concept Limited has been named as the buyer of the collapsed Birmingham van manufacturer, […]

Press Report : LDV rescue to result in “lift and shift” to China?

Press Report : LDV rescue to result in “lift and shift” to China?

Jon Griffin, Birmingham Post, 18th September, 2009 Birmingham van-maker LDV is facing D-Day in its nine-month battle for survival – amid claims that more than 800 West Midland jobs may be sacrificed to China in an MG Rover-style “lift and shift” operation. Shanghai Automotive Industry Corporation (SAIC Group), backed by broker Dr. Qu Li of […]

Press Report : Weststar still in the frame to buy LDV

Press Report : Weststar still in the frame to buy LDV

Jon Griffin, Birmingham Post, 17th September, 2009 Malaysian group Weststar are still in the frame for Birmingham van-maker LDV – and a takeover deal could be sealed within a week. The Malaysian group issued a statement through its Birmingham-based solicitors to end days of speculation that it had walked away from talks with the van […]

Press Report : Former MGR consultant Dr. Qu Li linked to LDV bid

Press Report : Former MGR consultant Dr. Qu Li linked to LDV bid

Jon Griffin, Birmingham Post, 15th September, 2009 The Chinese ex-lover of shamed Phoenix Four Director Nick Stephenson has emerged as a potential takeover bidder for stricken Birmingham van manufacturer LDV. However, the takeover could mean the death-knell for van-making in Birmingham, with a “lift and shift” operation to China on the cards if Dr Qu Li […]

Press Report : Green van plan could revive LDV factory

Press Report : Green van plan could revive LDV factory

Jon Griffin, Birmingham Post, 21st August, 2009 A new generation of green vans could rise from the ashes of the mothballed LDV factory in Washwood Heath, Birmingham if backers can be found for a Welsh-based venture. Low-carbon technology specialist Connaught Engineering, based near Llanelli, has issued a public appeal for financial backers to help turn the […]

Press Report : Hopes rise for the sale of LDV Group

Press Report : Hopes rise for the sale of LDV Group

Graeme Brown, Birmingham Post, 18th August, 2009 Hopes for a sale of stricken van-maker LDV have risen after the Administrators said they were in exclusive talks with a potential buyer. PricewaterhouseCoopers (PwC) confirmed talks with an unnamed party over the sale of the business and assets of LDV Group Limited and Birmingham Pressing Limited. The […]

Press Report : LDV workers warned sale could be delayed

Press Report : LDV workers warned sale could be delayed

Graeme Brown, Birmingham Post, 22nd July, 2009 Hundreds of redundant LDV van workers have been warned that a potential sale of the company could now drag on until the end of the summer. Administrator PricewaterhouseCoopers (PwC) admitted that the holiday period and the complexity of due diligence investigations could delay any potential agreement with a […]

Press Report : LDV suppliers and dealers told warranties won’t be honoured

Press Report : LDV suppliers and dealers told warranties won’t be honoured

Jon Griffin, Birmingham Post, 26th June, 2009 A new LDV crisis has been signalled after more than 230 dealers and suppliers owed millions of pounds by the Birmingham factory were told no warranties would be honoured. Businesses across the UK, the majority of them totally reliant on the vanmaker, face a grim battle for survival […]

Press Report : Bidders come forward for LDV

Press Report : Bidders come forward for LDV

Jon Griffin, Birmingham Post, 25th June, 2009 Hundreds of workers have been given fresh hope LDV could be rescued within a month as a range of “very credible” bidders prepare to battle it out for the stricken van maker. With the hours running out before today’s deadline for first round bids, Administrators handling the collapse […]

Press Report : Former JLR executives in fight to rescue LDV

Press Report : Former JLR executives in fight to rescue LDV

Birmingham Post, 19th June, 2009 A Welsh-based group of former Jaguar Land Rover executives is bidding to rescue LDV from extinction – with a pledge to keep jobs in Birmingham by developing new green vans. Low carbon technology specialists Connaught Engineering Limited, based near Llanelli, have become the first would-be buyer from nine who have […]

Press Report : Would-be buyers line up to save van maker LDV

Press Report : Would-be buyers line up to save van maker LDV

Jon Griffin, Birmingham Post, 18th June, 2009 Hopes that LDV could rise from the ashes have risen with up to nine firms already throwing their hats in the ring for the collapsed van maker. The prospect of a takeover at the mothballed Washwood Heath plant grew after the Administrators revealed that the firms had signed […]

Press Report : LDV help for its workers facing redundancy

Press Report : LDV help for its workers facing redundancy

Graeme Brown, Birmingham Post, 11th June, 2009 Insolvent van maker LDV is to reopen its gates today – just three days after going bust – to help hundreds of workers try to cope with redundancy. Public agencies from across the West Midlands are joining forces over the next two days to reopen the famous Washwood […]

Press Report : Weststar lining up bid to buy LDV out of administration

Press Report : Weststar lining up bid to buy LDV out of administration

John Cranage, Birmingham Post, 9th June, 2009 The tangled story of crashed vanmaker LDV took a new twist when it emerged that Malaysian company Weststar was bidding to buy the Birmingham business out of administration. Weststar precipitated the lastest crisis last week when it pulled out of a last-ditch deal that could have seen the […]

Press Report : 800 jobs lost at LDV as Administrators take charge

Tom Scotney, Birmingham Post, 8th June, 2009 More than 800 people have lost their jobs at collapsed Birmingham van maker LDV after Administrators said they would be cutting back to a skeleton staff just hours after being appointed at the stricken firm.   Rob Hunt, Mark Hopkins and Matthew Hammond from PricewaterhouseCoopers were put in charge […]

Press Report : 4,000 jobs at risk as LDV enters administration

Press Report : 4,000 jobs at risk as LDV enters administration

Jon Griffin, Birmingham Post, 8th June, 2009 LDV today collapsed into administration following a six-month production standstill – putting 4,000 UK jobs at risk. An application by the Directors of the Birmingham van maker for administration was granted at Birmingham County Court by His Honour Judge Purle, QC. The courtroom move effectively leaves the future […]

Press Report : LDV makes last-ditch plea for help

Press Report : LDV makes last-ditch plea for help

Birmingham Post, 5th June, 2009 Managers at van maker LDV have issued a last-ditch plea to the Government to help rescue the company or see thousands of jobs axed at a huge cost to the economy. The Birmingham-based business is set to apply for administration on Monday after a rescue deal collapsed when Malaysian firm […]

Press Report : Russian owners admit there is little hope for LDV

Jon Griffin, Birmingham Post, 5th June, 2009 LDV’s Russian owners GAZ Group say they have “exhausted all possibilities” in the fight to save the Birmingham van-maker in another apparent huge nail in the coffin for 7,000 UK jobs.   Tycoon Oleg Deripaska’s giant industrial conglomerate – which announced it was selling LDV in February – appeared […]