On this day:
At 9.15am Sir Donald Stokes phones Sir Frank Kearton at his Courtaulds office to place on record that at no time did he push for Sir George Harriman to resign or be moved to a ceremonial non-effective position in the merged company.
At the Berkeley Square headquarters the Leyland directors decide to push for Sir George Harriman’s resignation, led by Jack Plane.
Sir William Lyons and Sir George Harriman arrive at the Leyland HQ where they are ushered into an office by Jack Plane who strongly lectures them on the state of BMH’s finances and tells Harriman, “…to get the hell out of it”.
Later that day Stokes writes to Harriman that Leyland could not go on with the merger due to the state of BMH’s finances.
That evening the BMH board, judging that a take-over bid is in the offing decide to agree to the merger on existing terms.
Keith Adams
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)
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