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Ashok Leyland's UK arm shuts down 3rd plant
Ashok Leyland’s UK subsidiary Optare has closed its Blackburn facility. The move is part of the company’s restructuring plan, which started in August 2009. The Blackburn facility is Optare’s third factory to down its shutters. “The gates at Optare’s factory in Blackburn were closed to allow a final clearance of the site, bringing 80 years of bus manufacturing in the town
Ashok Leyland’s UK subsidiary Optare has closed its Blackburn facility. The move is part of the company’s restructuring plan, which started in August 2009. The Blackburn facility is Optare’s third factory to down its shutters. “The gates at Optare’s factory in Blackburn were closed to allow a final clearance of the site, bringing 80 years of bus manufacturing in the town
Ashok Leyland invests Rs 90 cr in foreign subsidiaries
Ashok Leyland has invested around $17 million (around Rs 90 crore) in its foreign subsidiaries Avia, Optare and AL Bonair. Of this, $10 million is equity in Avia, coming as it is when the Czech
Seshasayee steps down from Optare board
R Seshasayee, executive vice-chairman of Ashok Leyland, has stepped down as the non-executive director of Optare, the UK-bus manufacturer. K Sridharan, who heads finance function of Ashok Leyland,
Ashok Leyland eyes buyouts to break into big league
Ashok Leyland, India's second-biggest commercial vehicle (CV) manufacturer, is in talks to acquire some international companies, in an attempt to break into top 10 of world's CV makers. The Hinduja
Ashok Leyland, India's second-biggest commercial vehicle (CV) manufacturer, is in talks to acquire some international companies, in an attempt to break into top 10 of world's CV makers. The Hinduja
Ashok Leyland to raise stake in Optare to 75.1%
The UK-based bus manufacturer Optare Plc's shareholders have given approval for Hinduja Group-owned Ashok Leyland and associates to increase their stake to 75.1 per cent in it. The company convinced
The UK-based bus manufacturer Optare Plc's shareholders have given approval for Hinduja Group-owned Ashok Leyland and associates to increase their stake to 75.1 per cent in it. The company convinced
Hinduja's set to gain control over UK bus maker Optare
British bus makers Optare will vote this Friday to decide the fate of the company, with Indian moguls Hinduja brothers favorites to buy a majority stake in the company.
British bus makers Optare will vote this Friday to decide the fate of the company, with Indian moguls Hinduja brothers favorites to buy a majority stake in the company.
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