LDV / GAZ - no money from Lord Mandelbum, ECB or Prudent Gordon . LDV demise predicted 2 1/2 years ago
This is what we posted 2 1/2 years ago about LDV - again foreseeing what was in store for Solihull and the West Midlands.. after today's announcement was made by BERR that no money was available unless parent company GAZ stumped up some roubles .... which isn't about to happen any time real soon.
Monday, July 31, 2006 GAZ takes 100% of LDV - last UK motor business to be sold off
Lord Patel told you that Russian auto manufacturer GAZ Group were to buy the last motor manufacturing business in the UK, the van maker LDV 4 weeks ago from Sun Capital.
US bankers sell off last of UK vehicle manufacturing to Russians
GAZ Group was established in 2005, after RusPromAvto restructured its production assets and now owns 100% of LDV.
Based in the central Russian city of Niznhy Novgorod, GAZ supplies vehicles to 29 countries in the former Soviet Union, Eastern Europe, Southeast Asia, Africa, Latin America, and the Middle East. GAZ produces about 200,000 vehicles a year.
Will the last person leaving Solihull please switch the light off.
LDV make an antique van (or rather haven't since December 4th) , there has been not design development, product improvement, or plant investment since Mr Deripraska took control.
The talk of new green energy / electric vehicle is total bollocks. There is no way any public money should be should be thrown at this relic..."LDV is planning to introduce the world’s first electric light commercial vehicle from a volume manufacturer in 2009. Please see below for the latest information." another lead/ acid battery/ electric motor train , 85 miles range 4 hours 3 phase re-charge.
No surprise if this isn't a piece with the Scandinavian purchase of the Post Office (big LDV users ( Why ?) which Lord Mandlebum is intent on re-structuring, downsizing and ruining in the procss.