The merger of the Leyland Motor Corp. with the British Motor Holdings Co. last week will in no way affect the former company’s operations in Israel. Sir Donald Stokes, chief executive of the new corporation told the Financial Times today. The Leyland Motor Corp. is a 50 percent partner in Leyland Ashdod Ltd. which assembles busses and trucks in Israel, and has a 25 percent share in Autocars, a Haifa firm that manufactures passenger automobiles.
Sir Donald spoke in denial of press reports in Israel that Leyland’s operations in that country might seriously embarrass its new merger partner which has been trying to penetrate the Arab market. He said “we have an arrangement (in Israel) that is going ahead perfectly satisfactorily and we do not envisage any change at all.”
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