LDV: Dealers pull in £11m of sales
The UK sales momentum has continued despite a four month plus production standstill at Washwood Heath amid growing fears of potential closure, with the loss of 850 direct jobs and thousands more in the supply chain.
A statement issued by LDV today said investor negotiations had reached an “advanced stage,” with the first part of due diligence now complete.
Mr Jones said today: “We feel that significant progress has been made. I think that there is light at the end of the tunnel - the investors are absolutely committed; they have spent a lot of time and effort to reach this stage.
“We are still working on used vehicle sales, and with all of our business partners, suppliers and creditors so that we can continue to work with them to help us though this period.”
LDV Chief Executive Evgeniy Vereshchagin said in a statement issued today: “Investor negotiations have progressed to an advanced stage this week. We must clarify that these negotiations are to provide funding to continue to develop and build MAXUS at the factory in Birmingham, launching electric powertrains in addition to diesel from late 2009.
“This is the plan that the management team have been working on, however the structure of the business backed by these investors has not yet been confirmed.”
