Friday, October 16, 2009

British "daughter" GAZ bought a businesswoman from China

PCB Assembly carmakers LDV - a subsidiary of Russia's concern GAZ Group will be sold to Eco Concept. The amount of the deal is not called. Assembly infrastructure of the British company LDV, specializing in the production of light-duty trucks, will become the property firm Eco Concept. As reported late on October 15 agency Reuters, the conditions have already signed the contract, the amount of which is not called, include the redeployment of production space LDV, located in Birmingham. British carmakers was until recently a subsidiary of GAZ Group - the group, which is part of the Canada-Russia consortium expressed its readiness to purchase the assets of Opel. The Chinese picked up the baton from the Russians In June 2009 LDV, after Russia's managers have financial difficulties and the inability to save the British "daughter", the company declared bankruptcy. Total staff LDV has more than 6 thousand employees, 820 jobs provided production facilities in Birmingham. According to the newspaper The Times, Eco Concept is registered as a company specializing in design developments in the field of automobile. Its owner is a Chinese businesswoman Chiu Lee, a business which has previously been associated with consulting activities in the automotive market.

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