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Thursday, 23 March 2006 |
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Following its acquisition by private investment firm Sun Europe, light commercial vehicle specialist LDV Group said it is on track with its new restructuring programme.
The firm has signed new agreements with dealers and has boosted production to 200 units per week. LDV also predicted a 50 per cent increase in sales of its Maxus van range in 2006, with February sales already up 123 per cent on the same period last year. Chief executive Charles Megan said: “We've seen a turnaround in the business under Sun Europe with a much reduced break even point resulting in a much better business.”
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