Word: leylands
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Encouraged by Incentives. British businessmen, having expected something worse, seemed surprisingly unruffled about Labor's first major show of economic activism. Stocks rose on the London market, and many businessmen echoed the sentiments of Leyland Motors Managing Director Donald Stokes: "We are encouraged by the new measures to provide incentives to exporters." Though businessmen felt more comfortable with the Conservatives in power, many of them had grumbled about the Tories' more-talk-than-action approach to exports. Economics-trained Harold Wilson quietly mended his fences in the City with a series of preelection private lunches in corporate board...
Died. Sir Henry Spurrier, 66, recently retired chairman of England's vast Leyland Motor Corp. Ltd., who inherited control from his father in 1942 when Leyland was limited to double-decker buses and army tanks, turned it into the world's largest manufacturer of heavy-duty vehicles by absorbing competitors and peddling everything from panel trucks to earth movers to 130 countries, including Castro's Cuba, to which Leyland is delivering 450 buses in defiance of the U.S. trade embargo; after a long illness; in Preston, England...
Franco has relaxed regulations on foreign capital, now allows outside companies to control Spanish firms and remit their profits and dividends. Such firms as Leyland Motors, John Deere and Parke Davis have come in. Foreigners can now own Spanish stocks, have bought $200 million worth of them...
...management reshuffle, bus-making Leyland Motor Corp. enlarged the board of its principal manufacturing subsidiary, Leyland Motors Ltd., and filled the new posts with three young men (average age: 39) who had risen through the company's ranks. Not a public-school boy among them. Even more surprising, Leyland made two new appointments to the board of A.E.G., another important group subsidiary-and picked a 33-year-old and a 29-year-old from the ranks for the jobs. The shifts reflect the philosophy of Managing Director Donald Stokes, 50, a onetime salesman who took over last year...
Matter of Surplus. The British seemed to wonder what the U.S. was so upset about. Approved by the government as a straight commercial venture, the sale was treated as if it had no cold war overtones. Leyland had sold hundreds of buses to Cuba before Castro, and was now only resuming relations with an old customer. "I am sorry the U.S. disapproves," said Leyland's Managing Director Donald Stokes, "but this is an English company doing a deal with Cuba. I have no knowledge of having to go to America for permission to sell buses." Besides...