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Article: Land Rover claim pounds 200m; CARS: 4x4 giant wants pay-off for Longbridge collapse.(News)
- Article from:
- Birmingham Mail (England)
- Article date:
- June 20, 2007
CopyrightCOPYRIGHT 2007 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: By Jon Griffin
LAND Rover is claiming pounds 200 million from the financial collapse of Longbridge, it was revealed today.
The Solihull 4x4 manufacturer, effectively now for sale following last week's announcement by Ford, has written to liquidators PricewaterhouseCoopers in pursuit of an alleged pounds 200 million debt.
The claim, the largest from the fallout of former Longbridge engine-maker Powertrain, emerged from the detail of the liquidators' report into the Birmingham engine plant.
The report from Powertrain Ltd Joint Liquidator Steve Pearson said: "A claim of pounds 200 million has recently been received from Land Rover ...