Jensen company now in trouble
Appointment of a receiver has been requested by the board of Britain’s Jensen Motors, Ltd, but the company has assured Jensen owners that parts and service operations will continue. .
The board has given four reasons for the company’s problems. They are the state of the British economy, inflation, labour troubles, and the high costs the company has had to meet in order to comply with United States safety and pollution regulations. The last straw was apparently a delay of six months in starting production of the new Jensen G.T. version of the four-cylinder Jensen-Healey sports-car. The company’s chairman (Mr K. Qvale) said that the company had full order books and no unsold cars, but that it had run out of money.
The Bank of America has appointed a receiver, who has been quoted as saying that he will look closely at the possibility of keeping the company going. Sales of the company’s 7-litre Interceptor model have been hit hard by the fuel situation, and sales of the Jensen-Healey have never completly come up to expectations.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19751003.2.116
Bibliographic details
Press, Volume CXV, Issue 33964, 3 October 1975, Page 12
Word Count
180Jensen company now in trouble Press, Volume CXV, Issue 33964, 3 October 1975, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.