Any hopes of saving LDV 'are exhausted'

Summary


LDV's Russian owners GAZ say they have "exhausted all possibilities" in the fight to save the van-maker in another apparent huge nail in the coffin for 7,000 UK jobs.

Tycoon Oleg Deripaska's giant industrial conglomerate - which announced it was selling LDV in February - appeared to signal the death knell for the Washwood Heath factory with a gloomy statement.

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Extract


Any hopes of saving LDV 'are exhausted'

LDV managers say they are continuing to work to secure the future of the firm but a spokesman for GAZ admitted...

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