AB Volvo of Sweden announced that it...
AB Volvo of Sweden announced that it has bought the bus division of British Leyland, making the major Scandinavian auto maker a leading bus manufacturer in Western Europe. The price was not disclosed. Volvo acquired the division from Leyland’s management, which took over the company from state-owned Rover Group PLC in January, 1987. Under the deal, Volvo acquires Leyland’s two plants in Farington and Workington in northwestern England with a total of 1,850 employees. The plants make the well-known red double-decker buses.
