Published: March 5, 1986
The General Motors Corporation, as expected, gave formal notice that it would bid for parts of BL P.L.C., the former British Leyland, as the deadline neared for offers on the state-owned auto maker. A G.M. spokesman said the company would inform BL’s banker, Hill Samuel, of its interest in buying out BL’s Land-Rover and truck divisions before the midnight deadline tonight. By late afternoon just one rival, a consortium led by Land-Rover’s management, had emerged to challenge G.M.