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Bedford loses £52.2m

7th April 1984, Page 7
7th April 1984
Page 7
Page 7, 7th April 1984 — Bedford loses £52.2m
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FIRST separate results for Bedford Trucks show that it lost E52.2m last year, largely because of a 27 per cent loss of export business in countries like Nigeria.

The fate of the company, now a division of General Motors' worldwide truck and bus business and totally separate from the Vauxhall car business, parallels that of Leyland, which lost £59m in 1982.

Commenting on the results, Bedford general manager J. T. Battenberg Ill said: "The commercial vehicle markets, both in Britain and in export territories worldwide, remain deeply depressed. The advance in Bedford's UK sales volume in 1983 — up 12.9 per cent — was offset by the decline in exports, so that total sales of 5 3,26 6 units showed only a slight increase over 53,024 in 1982."