By David Benson
British Leyland lost £39-5 million last year , little comfort to the government determined to privatise the huge car, bus and lorry making company. But the directors claimed last night that their operating losses were still “significantly ” better than the year before when BL lost £66-5 million.
Austin Rover recorded losses of £6 million in the company’s annual report compared to £26 million in 1984. Sales are up 14 per cent worldwide , 479,500 vehicles a year.
Austin Rover’s accumulated losses have now reached £966 million since the Government stepped in to save the company in 1974.
Losses were also recorded by Leyland Bus and Truck division at £52 million , down on the £61 million loss in 1984. But Land-Rover , subject of the disputed takeover bid by GM ,made £10 million , £8 million up on 1984.
Profits of £ 6 million were also recorded by the Unipart spares division , but this is down £8 million.
Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...
Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.
Latest posts by Keith Adams (see all)
- The cars : MGF and TF development story (PR3) - 2 September 2018
- Concepts and prototypes : MGF during the MGA era (PR3) - 2 September 2018
- Around the World : Overseas operations - 27 August 2018