Merger Of Nuffield And Austin Interests Not Contemplated
It will be remembered that in October last year Lord Nuffield and Mr L. P. Lord issued a statement to the effect that the Nuffield Organisation and the Austin Motor Company were to interchange information on production methods, costs, design, research, etc., with the object of effecting- maximum standardisation and, by the pooling of all factory resources, consequent reduction of costs.
Quite naturally this gave rise to speculation as to the final outcome of such co-operation, and in some quarters it was assumed that a complete merger must eventually ensue.
It is now announced, on behalf of both Companies, that the preliminary Investigations have been completed, and that although they will continue to consult together through the medium of the recently formed Standardisation Committee on matters affecting the motor industry as a whole, the interchange of confidential information has ceased. No further steps will be taken with regard to the pooling of production resources, and no merger of any kind is contemplated.
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Bibliographic details
Bay of Plenty Beacon, Volume 14, Issue 37, 12 September 1949, Page 7
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170Merger Of Nuffield And Austin Interests Not Contemplated Bay of Plenty Beacon, Volume 14, Issue 37, 12 September 1949, Page 7
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