LORD RYDER: MY FAITH IN LEYLAND
By John McCormick
British Leyland can become one of the nation’s greatest assets. That is the view of the Government’s Industrial adviser Lord Ryder – the man accused by MPs of treating taxpayers money like confetti. He was speaking for the first time about his controversial multi-million pound rescue plan for British Leyland which a Commons committee has claimed was based on “fundamental mistakes.” But the interview, in the company newspaper, was given before the Commons attack.
In a message to the 170,000 employees, he said: “Britain is backing Leyland , and you must too.”
But Lord Ryder said that success would only come if the company makes the most of its £2,800 million aid and of the support of the British people. Defending, the report, he said: “If we had come to the conclusion that Leyland was not viable, we would have said so- but we were all surprised by the extent to which we found the company could become viable.”
On the cash, he said: “This will give the company the best chance it has ever had to modernise production.”
On the bosses: “The chief executive- Alex Park and I speak the same language. I have enormous faith in his team.”
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.