It’s A Deal, Says Stokes
3 May 1975
DAILY MIRROR
British Leyland chiefs yesterday accepted the Ryder plan for a Government takeover of the ailing car empire. But they hope to improve the 10p-a-share Government offer. Leyland chairman Lord Stokes told of the decision , in a letter to shareholders. He took a knock at some parts of the report by Sir Don Ryder, the Government's chief industrial adviser.
Lord Stokes, who is expected to become president of the company in a management reshuffle, complained that the report: Incorrectly implies that there was no plan for the financial organization of the company.
It had been explained to Sir Don's team that the present organization was "transitional." Predicts future performance and assumptions. The forecasts, says Lord Stokes, depended on improving efficiency, "which in turn depended on realistic manning levels and fuller utilisation of capital assets."
More news from the archive
Fri, 25 Apr 1975
DAILY EXPRESS By Frank Thorne and Brian Cashinella Sacked British Leyland boss John Barber is the "scapegoat" in the Governments'...
Sat, 26 Apr 1975
They were Bill Haden of Ford and later boss of Jaguar Bill Davis, ex-BMC, then head of BLMC corporate manufacturing David Andrews,...
Fri, 02 May 1975
British Leyland has been first to be badly affected by component shortages largely because it was keeping stocks at its assembly plants...
Fri, 02 May 1975
OUR INDUSTRIAL REPORTER THE RYDER Report on British Leyland published last week delivers a stunning blow at the incompetence of the...
Sat, 03 May 1975
By R. W. Shakesneare More than 20,000 British Leyland car workers were idle yesterday with much of the Austin Morris division car...
Tue, 06 May 1975
24,000 idle as disputes plague Leyland plants By R. W. Shakespeare Northern Industrial Correspondent Total lay-offs at British Leyland...
Wed, 07 May 1975
Four former Ford executives were among the five new appointments announced by British Leyland's board yesterday in line with the recommendations...
Wed, 07 May 1975
The Times on Derek Whittaker Whittaker, tall, thin and bespectacled, is not a man who impresses at first meeting. He is quietly spoken...
Wed, 07 May 1975
THE GUARDIAN By GEOFFREY WHITELEY Labour Staff British Leyland succeeded last night in re-opening production lines for its Mini range...
Thu, 08 May 1975
Barber shop talk Committee room 16 at the House of Commons was, as expected, packed to the doors yesterday with people eager to see...
