Archive for April 29th, 2009
LDV apply for administration
The Birmingham based van maker LDV has applied to enter in to administration.
The Russian owned company has been in difficulty for some time as sales of commercial vehicles have collapsed. An earlier bid for Government help did not fail entirely, but help was offered only on the basis that their current financial situation was stabilised [...]
Posted: April 29th, 2009 under Manufacturing News.
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ArcelorMittal sales almost halve
ArcelorMittal has seen its quarterly sales almost halve with the global recession hitting demand for steel.
Revenues at the world’s largest steelmaker fell to 15bn euros ($19.8bn; £13.5bn) in the three months to 31 March, from 29.8bn euros a year ago.
As a result, the firm posted a quarterly loss of 1.06bn euros, its second in [...]
Posted: April 29th, 2009 under Steel Comment, Steel News.
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