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Leyland Bus
Leyland Bus was a British bus and train manufacturer. It emerged from the Rover Group (formerly ''British Leyland'') as a management buyout of the bus business. It was subsequently acquired by Volvo Buses in 1988 and the Leyland name disappeared in 1993. History * 1896 Formed as the Lancashire Steam Motor Company. * 1907 Name changed to Leyland Motors. * 1968 Merger with British Motor Holdings to form British Leyland Motor Corporation (BLMC). * 1975 BLMC was nationalised and became British Leyland (BL). * 1986 BL changed its name to Rover Group. * 1987 The bus business of ''Rover Group'' became independent as ''Leyland Bus'' following a management buyout. * 1988 The business was acquired by Volvo Buses Volvo Buses (Volvo Bus Corporation / formal name: ''Volvo Bussar AB'') (stylized as VOLVO) is a subsidiary and a business area of the Swedish vehicle maker Volvo, which became an independent division in 1968. It is based in Gothenburg. It is on .... * 1993 Volvo discont ...
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Leyland Badge
Leyland may refer to: Places * Leyland, Lancashire, an English town ** Leyland Hundred, an hundred of Lancashire, England * Leyland, Alberta, a community in Canada Companies * Leyland Line, a shipping company Automotive manufacturers * Leyland Motors, a defunct vehicle manufacturer based in Leyland, Lancashire * Ashok Leyland, an Indian company * British Leyland, a defunct vehicle manufacturer * Leyland Bus, a defunct bus manufacturer * List of Leyland buses * Leyland DAF, a defunct commercial vehicle manufacturer * Leyland Trucks, a medium and heavy duty truck manufacturer based in Leyland * Leyland Eight, a luxury car * Leyland P76, a car People * Carl Sonny Leyland (born 1965), English pianist * Frederick Richards Leyland (1832-1892), English shipowner * Jim Leyland (born 1944), American baseball manager * Joseph Bentley Leyland (1811-1851), English sculptor * Kellie-Ann Leyland (born 1986), British footballer * Mal Leyland (born 1945), Australian explorer and film-mak ...
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Rover Group
The Rover Group plc was the British vehicle manufacturing conglomerate known as "BL plc" until 1986 (formerly British Leyland), which had been a state-owned company since 1975. It initially included the Austin Rover Group car business (comprising the Austin, Rover, Mini and MG marques), Land Rover Group, Freight Rover vans and Leyland Trucks. The Rover Group also owned the dormant trademarks from the many companies that had merged into British Leyland and its predecessors such as Triumph, Morris, Wolseley, Riley and Alvis. The Rover Group was owned by British Aerospace (BAe) from 1988 to 1994. In 1994, BAe sold the remaining car business of Rover Group plc to the German company BMW. The group was then broken up in 2000, when Ford acquired the Land Rover division, with the Rover and MG marques continuing with the much smaller MG Rover Group until 2005. Ownership of the original Rover Group marques is currently split between BMW (Germany), SAIC (China), and Tata Motors (India ...
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British Leyland
British Leyland was an automotive engineering and manufacturing conglomerate formed in the United Kingdom in 1968 as British Leyland Motor Corporation Ltd (BLMC), following the merger of Leyland Motors and British Motor Holdings. It was partly nationalised in 1975, when the UK government created a holding company called British Leyland, later renamed BL in 1978. It incorporated much of the British-owned motor vehicle industry, which in 1968 had a 40 percent share of the UK car market, with its history going back to 1895. Despite containing profitable marques such as Jaguar, Rover and Land Rover, as well as the best-selling Mini, BLMC had a troubled history, leading to its eventual collapse in 1975 and subsequent part-nationalisation. After much restructuring and divestment of subsidiary companies, BL was renamed the Rover Group in 1986, becoming a subsidiary of British Aerospace from 1988 to 1994, then was subsequently bought by BMW. The final surviving incarnation of the c ...
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Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ...
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Volvo Buses
Volvo Buses (Volvo Bus Corporation / formal name: ''Volvo Bussar AB'') (stylized as VOLVO) is a subsidiary and a business area of the Swedish vehicle maker Volvo, which became an independent division in 1968. It is based in Gothenburg. It is one of the world's largest bus manufacturers, with a complete range of heavy buses for passenger transportation. The product range includes complete buses and coaches as well as chassis combined with a comprehensive range of services. The bus operation has a global presence, with production in Europe, North and South America, Asia and Australia. In India it set up its production facility in Bangalore. A former production facility was located in Irvine, Scotland (closed in 2000). Products Chassis Codes in parentheses are VIN codes for the chassis models. Historical *1930s/40s: B10, B12 *1950s: B627 *1950s–1960s: B615/B616/B617 *1950s–1960s: B635/B638 *1950s–1960s: B705 *1950s–1960s: B725/B727 *1951–1963: B655 (mid-engine)/B656/ ...
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Lancashire Steam Motor Company
Leyland Motors Limited (later known as the Leyland Motor Corporation) was a British vehicle manufacturer of lorries, buses and trolleybuses. The company diversified into car manufacturing with its acquisitions of Triumph and Rover in 1960 and 1967, respectively. It gave its name to the British Leyland Motor Corporation, formed when it merged with British Motor Holdings in 1968, to become British Leyland after being nationalised. British Leyland later changed its name to simply BL, then in 1986 to Rover Group. After the various vehicle manufacturing businesses of BL and its successors went defunct or were divested, the following marques survived: Jaguar and Land Rover, now built by Jaguar Land Rover owned by TATA Motors; MG, now built by MG Motor, and Mini, now built by BMW. The truck building operation survived largely intact as Leyland Trucks, a subsidiary of Paccar. History Beginning Leyland Motors has a long history dating from 1896, when the Sumner and Spurrier fam ...
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Leyland Motors
Leyland Motors Limited (later known as the Leyland Motor Corporation) was a British vehicle manufacturer of lorries, buses and trolleybuses. The company diversified into car manufacturing with its acquisitions of Triumph and Rover in 1960 and 1967, respectively. It gave its name to the British Leyland Motor Corporation, formed when it merged with British Motor Holdings in 1968, to become British Leyland after being nationalised. British Leyland later changed its name to simply BL, then in 1986 to Rover Group. After the various vehicle manufacturing businesses of BL and its successors went defunct or were divested, the following marques survived: Jaguar and Land Rover, now built by Jaguar Land Rover owned by TATA Motors; MG, now built by MG Motor, and Mini, now built by BMW. The truck building operation survived largely intact as Leyland Trucks, a subsidiary of Paccar. History Beginning Leyland Motors has a long history dating from 1896, when the Sumner and Spurrier fa ...
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British Motor Holdings
British Motor Holdings Limited (BMH) was a British vehicle manufacturing company known until 14 December 1966 as British Motor Corporation Limited (BMC). BMH was created as a holding company following BMC's takeover of both Jaguar Cars and the Pressed Steel Company in that year. Thirteen months later, on 17 January 1968, under direct pressure from its national government, BMH merged with Leyland Motor Corporation (Standard-Triumph, Rover and Alvis cars, Leyland trucks and buses, Alvis fighting vehicles) to form British Leyland Motor Corporation (BLMC). History 1964 The Wilson government takes control The Wilson Labour Government (1964–1970) came to power at a time when British manufacturing industry was in decline and decided that the remedy was to promote more mergers, particularly in the motor industry. Chrysler was already buying into the Rootes Group, Leyland Motors had acquired Standard Triumph in 1961 (and would buy Rover in 1967) and had become a major automotive f ...
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British Leyland Motor Corporation
British Leyland was an automotive engineering and manufacturing conglomerate formed in the United Kingdom in 1968 as British Leyland Motor Corporation Ltd (BLMC), following the merger of Leyland Motors and British Motor Holdings. It was partly nationalised in 1975, when the UK government created a holding company called British Leyland, later renamed BL in 1978. It incorporated much of the British-owned motor vehicle industry, which in 1968 had a 40 percent share of the UK car market, with its history going back to 1895. Despite containing profitable marques such as Jaguar, Rover and Land Rover, as well as the best-selling Mini, BLMC had a troubled history, leading to its eventual collapse in 1975 and subsequent part-nationalisation. After much restructuring and divestment of subsidiary companies, BL was renamed the Rover Group in 1986, becoming a subsidiary of British Aerospace from 1988 to 1994, then was subsequently bought by BMW. The final surviving incarnation of the co ...
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Nationalised
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ...
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Workington
Workington is a coastal town and civil parish at the mouth of the River Derwent on the west coast in the Allerdale borough of Cumbria, England. The town was historically in Cumberland. At the 2011 census it had a population of 25,207. Location The town is south-west of Carlisle, north-east of Whitehaven, west of Cockermouth, and south-west of Maryport. History The area around Workington was long a producer of coal and steel. Between 79 and 122 CE, Roman forts, mile-forts and watchtowers were built along the Cumbrian coast,Richard L. M. Byers (1998). ''History of Workington: An Illustrated History from Earliest Times to 1865''. Richard Byers. . as defences against attacks by the Scoti of Ireland and the Caledonii, the most powerful tribe in what is now Scotland. The 16th-century ''Britannia'', written by William Camden, describes ruins of these defences. A Viking sword was discovered at Northside. This is seen to suggest there was a settlement at the river mouth. The ...
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