Wednesday, April 29, 2009

LDV to enter administration

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FT.com
 All times are London time: Wednesday Apr 29 2009

Breaking news
LDV to enter administration
Birmingham van maker LDV has announced it will enter administration on May 6, a move likely to result in several thousand job losses. The company said that it had given up any hope of receiving a small bailout of £4m-£6m from government. It is understood that chances of selling the business as a going concern to foreign investors are regarded as slim Read more »

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