Financial Times FT.com

LDV again on brink as Malaysians pull out

By Jonathan Guthrie in Birmingham

Published: June 2 2009 14:54 | Last updated: June 2 2009 14:54

LDV, the vanmaker that supports 3,500 jobs in the West Midlands, is seeking to enter administration after would-be buyer Weststar was unable to raise the necessary funds.

LDV’s agonising struggle for survival started in December when a slump in van sales forced it to suspend production. The business now appears to be in its death throes, with an administration hearing expected on Friday or Monday.

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