Subsidiary | |
Industry | Automotive |
Fate | Sold / Administration, 2009 |
Successor | Maxus (owned by SAIC Motor) |
Founded | 1993 as Leyland DAF Vans from Leyland DAF |
Defunct | 15 October 2009 |
Headquarters | Washwood Heath, Birmingham, West Midlands, England |
Number of locations
|
Washwood Heath Longbridge |
Products | Automobiles |
Owner | 1993–2005: Rover Group Limited 2005: Sun Capital 2006–2009: GAZ Group Current Owner SAIC Motor ( China) |
Website | Official Website LDV UK http://www.myldv.co.uk [1] http://www.ldv.co.uk |
LDV Group Limited, formerly Leyland DAF Vans, was a British van manufacturer, based in the Ward End area of Birmingham.
Historically part of Rover Group and Leyland DAF, it was latterly a wholly owned subsidiary of the Russian GAZ group. Owing to the worldwide recession and a lack of long-term investment, production was halted at LDV's Birmingham factory in December 2008.
After a series of failed rescue attempts in 2009, the assets of the company were sold by administrators PricewaterhouseCoopers to China Venture's firm Eco Concept, on 15 October 2009.
LDV was formed in 1993 as Leyland DAF Vans Limited following a management buy-out of DAF NV's Leyland DAF van manufacturing division, following the bankruptcy of the Dutch company. Later the name was officially changed to LDV Limited. Prior to its merger with Leyland Trucks and DAF Trucks in 1987 it was part of the British Leyland / Austin Rover Group empire and was latterly the Freight Rover arm of the Land Rover Group division.
In December 2005, after going into administration, LDV was bought by group Sun Capital Partners/Sun European Partners and was subject to a financial restructuring. What Van reported LDV's commitment to its existing customers, including an assurance from their marketing director that their production target of 1000 vans per month would put them well above break-even point.
The Russian GAZ Group acquired LDV on 31 July 2006, and also established a new company, GAZ International, based in the United Kingdom, to focus on the automotive industry. The BBC reported a GAZ spokesperson as saying that the company had appointed former Ford of Europe executive Martin Leach and former A.T. Kearney executive Steve Young to run the business, and that it planned to expand production at LDV's Birmingham plant by adding new product lines and entering new markets in Europe and elsewhere.