Archive : Standard-Triumph losses

31 January 1961 Keith Adams 0

S.-T.I. Losses
Substantial losses are being incurred by Standard-Triumph International which will not be made good by the end of the financial year to next August, although later in this year the company expects to be operating at a profit. Bank facilities have been made available to meet the current trading position. These facts are revealed in a letter to Leyland stockholders from Mr Henry Spurrier, chairman of Leyland Motors.

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Keith Adams

Editor and creator AROnline at AROnline

Created www.austin-rover.co.uk in 2001 and built it up to become the world's foremost reference source for all things BMC, Leyland and Rover Group, before renaming it AROnline in 2007.

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.