FROM OUR CITY EDITOR
Jaguar Cars, Ltd., are to extend their interests in commercial vehicles by the purchase of the business and physical assets of Guy Motors, Ltd. No dividend has been paid on the ordinary shares of Guy Motors since 1957, and in September a receiver was appointed by Lloyds Bank.
The group’s outstanding debts are believed to include an overdraft of about £1,250,000, but when the affairs are settled Jaguar will obtain the trading name and marketing organization, a range of commercial vehicles and buses and a 23-acre factory in Wolverhampton with about 825 employees.
FIVE-WEEK STRIKE ENDS
Two hundred maintenance electricians employed by Fisher and Ludlow Ltd., the Birmingham body-building factory of the British Motor Corporation, have ended their five-week-old strike, for which they had official backing from the Electrical Trades Union. Their pay claim was rejected by the B.M.C., who said they had returned to work on the same conditions as prevailed before the strike.
BMC – The Austin A60 and A110 are announced on this day.
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)
- Blog : Rover 75 shown to the world – and torpedoed - 21 October 2018
- Concepts and prototypes : MG Rover RDX60 (2000-2005) - 21 October 2018
- The cars : MGF and TF development story (PR3) - 2 September 2018
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