News

Weststar tabling second LDV bid

17 June 2009

Malaysian vehicle manufacturer Weststar may yet relaunch its plan to buy LDV after reports surfaced that it was tabling yet another offer for the van-maker, which went into administration earlier this month.

According to Sky  News, Weststar has already devised a business plan for LDV, but was still waiting on the van-maker's administrators to provide protection from creditors.

Despite assurances from Weststar's managing director, Bob Rai, that production would remain in Birmingham, there are still concerns over Weststar's long-term plans for the Washwood Heath plant.

However, the possibility of LDV being saved is of little consolation for the nearly 850-strong workforce who have been made redundant after  Weststar's initial £45m offer fell through.


Ian Tonkin
Email at ian.tonkin@rbi.co.uk
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