Indian engineering corporation Mahindra & Mahindra has emerged as a potential investor for Birmingham-based van manufacturer LDV, which has struggledto stay afloat since halting production in December 2008.
With Russian parent GAZ already stating it is in no position to propup the van maker, and the government equally unwilling to grant emergency funding
(MT 5 March), such an investment could be LDV's saving grace.
Guy Jones, marketing and PR director at LDV, says: "Timing remains critical and the management team is doing everything possible to secure this investment."
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