Vauxhall Loss
In spite of record export earnings of sl64m in 1969, the Vauxhall company showed a net loss of more than s4m after tax last year. The loss was the company’s second since 1930, and the worst financial result in its history. In 1968 it had a net profit of $10.6m. The company’s chairman and managing director (Mr D. Hegland), said the loss was caused by restrictions in home-market car sales, rising costs and labour disputes.
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Bibliographic details
Press, Volume CIX, Issue 32251, 20 March 1970, Page 13
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77Vauxhall Loss Press, Volume CIX, Issue 32251, 20 March 1970, Page 13
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