I’m disappointed that, despite our hard-fought government bridging loan, Weststar hasn’t yet got the finance in place to seal the deal.
Administration is a setback, but I’m absolutely clear that this is by no means the end of the story. Weststar told me this morning that they are still keen on doing a deal, so our fight for LDV’s future goes on.
Today I’ll be corralling LDV management, Unite the Union, Weststar, BERR, Advantage West Midlands and the Administrator, to work out next steps. The bottom line is LDV has a great product – and it’s worth backing.
I will be continuing these talks in the next 48 hours and I will meet with senior representatives from Weststar when they visit the UK next week.