Leyland Trucks looks certain to b e sold to a foreign competitor within the month. Negotiations are taking place with the Dutch company DAF and Paccar of Seattle in the U.S., and a final deal is expected soon. Rover group chairman Graham Day said yesterday,
” There are no other alternatives which we think make any sense , ” he added. “We have to talk of a very hard – nosed commercial association, based on cash considerations .”
The truck and bus company employs 3,000 people in and around Leyland, Lancashire , making it the town’s biggest single employer. It is the second time the company has been up for sale in less than a year. Last time the price was Â£320 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.