Jaguar Cars Taking Over Guy Motors
11 October 1961
FROM OUR CITY EDITOR
Jaguar Cars, Ltd., are to extend their interests in commercial vehicles by the purchase of the business and physical assets of Guy Motors, Ltd. No dividend has been paid on the ordinary shares of Guy Motors since 1957, and in September a receiver was appointed by Lloyds Bank.
The group's outstanding debts are believed to include an overdraft of about £1,250,000, but when the affairs are settled Jaguar will obtain the trading name and marketing organization, a range of commercial vehicles and buses and a 23-acre factory in Wolverhampton with about 825 employees.
FIVE-WEEK STRIKE ENDS
Two hundred maintenance electricians employed by Fisher and Ludlow Ltd., the Birmingham body-building factory of the British Motor Corporation, have ended their five-week-old strike, for which they had official backing from the Electrical Trades Union. Their pay claim was rejected by the B.M.C., who said they had returned to work on the same conditions as prevailed before the strike.
BMC - The Austin A60 and A110 are announced on this day.
More news from the archive
Wed, 13 Sep 1961
EFFECTS LINGERING Production in the car industry was not back to normal at Birmingham yesterday, although the dispute which upset...
Thu, 14 Sep 1961
Normal working was resumed yesterday at all but one of the Midland motor firms affected by the strike at the S.U. Carburettor Company,...
Wed, 20 Sep 1961
FROM OUR CORRESPONDENT COVENTRY, SEPT. 19 More men at the Standard-Triumph International Company's factories at Coventry are being...
Sat, 30 Sep 1961
Sir William Lyons, chairman and managing director of the Jaguar and Daimler car companies, said yesterday in London that car industry...
Tue, 03 Oct 1961
About 850 men producing Mark 2 Jaguar cars at Coventry will be laid off today because of a shortage of carburettors, the company announced...
Fri, 13 Oct 1961
THE GUARDIAN STANDARD TRIUMPH NEWS The unofficial strike at the Standard Triumph works at Speke goes on over the weekend, holding...
Fri, 13 Oct 1961
The first lorry built at the British Motor Corporation's new £11,250.000 factory at Bathgate, West Lothian, was driven off the assembly...
Wed, 18 Oct 1961
FROM OUR CORRESPONDENT WOLVERHAMPTON. OCT. 17 Just one week after Jaguar Cars Ltd. bought Guy Motors Ltd., of Wolverhampton, the two...
Thu, 19 Oct 1961
In line with the general trend for more power, Standard Triumph announces the introduction of an engine conversion kit for the Triumph...
Fri, 20 Oct 1961
DAILY MIRROR By Patrick Mennem Orders from America and Canada worth £22,500,000 were placed at the Motor Show yesterday for Jaguar...
