Word is eight potential buyers have thrown their hats into the ring for LDV.
Not that PricewaterhouseCoopers would confirm such scurrilous rumours; it announced that the offers received ahead of last Wednesday's deadlines would be assessed over the coming weeks to see which would provide the best deal for the failed van maker.
Sources claim that of the eight bids six would see LDV relocated to sunnier climes, while two would ambitiously reconstruct the company on existing premises.
See Previous stories...
Comments (1)
It's a shame what's happened to LDV and the blame lies with the Government and the LDV management. Yes that right - the management.
The Government are right to be sceptical about lending money to a business that was losing £3m a month BEFORE the credit crunch. However that said it is within the Government's power to create a public sector buying criteria that would favour LDV. Sure it's against EU law not to suppport fair and competitive tendering but we all know the French always buy French and the Germans...
The LDV management would not listen to the market and maintained that the specialist conversion arm of the business was the 'jewel in the crown'. The problem is other manufacturers took the easy panel van orders whilst LDV took the complicated labour intensive orders.
Withou a clear strategy LDV lurched and only really picked up daily rental orders. There is little margin and loyalty on which LDV could build a sustainable business and the inevitable happened..
Posted by ZebraVehicles | July 28, 2009 4:36 PM
Posted on July 28, 2009 16:36