Manufacturing: Industry Applauds the Business Achievements and Staying Power of LDV

Article excerpt

Birmingham light commercial vehicle manufacturer LDV has received an award for continuous business achievements. The Washwood Heath company was presented with the special award in the 2004 Commercial Fleet World Honours, at the Royal Automobile Club, Pall Mall.

The awards were judged by a panel of experts representing the leasing industry, fleet managers, residual value guides and a Commercial Fleet Worlds team. Commercial Fleet World edi-tor Gibb Grace said: 'Since the company's management buyout in 1993, LDV has overcome every hurdle. Many within the industry doubted that the company would survive but last yearLDV celebrated its tenth anniversary and at this year's Commercial Vehicle Show it unveiled its new model range.

'When a joint venture with Daewoo failed in 2000, LDV, led by chief executive Allan Amey, went on to acquire the sole rights to the vehicle design from Daewoo, along with the machine tools to build it. We applaud LDV's staying power.' Ian Lamb, LDV fleet director, collected the award and said LDV was continuing to invest heavily in its Birmingham factory as it put its long-term growth strategy in place, which includes the new model launch at the end of this year. …