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| Version 2 | Version 3 |
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| Van firm buyout 'still possible' | Van firm buyout 'still possible' |
| (1 day later) | |
| Leaders of a management buyout to save van maker LDV remain "hopeful" of a deal despite talks with government officials not reaching a conclusion. | Leaders of a management buyout to save van maker LDV remain "hopeful" of a deal despite talks with government officials not reaching a conclusion. |
| The team will bid for a £5m bridging loan from the government later, which will enable a deal with potential investors to be confirmed. | |
| If the loan is granted LDV, which employs 850 people, hopes to develop plans for a new "green" vehicle. | If the loan is granted LDV, which employs 850 people, hopes to develop plans for a new "green" vehicle. |
| It is understood there are two overseas companies considering backing the firm. | It is understood there are two overseas companies considering backing the firm. |
| Officials from the Department of Business, Enterprise and Regulatory Reform (Berr) were involved in the talks, which took place over the weekend. | Officials from the Department of Business, Enterprise and Regulatory Reform (Berr) were involved in the talks, which took place over the weekend. |
| We are hopeful and I am happy that we are at a stage where we have both a hearing from the government and clearly interested investors Erik Eberhardson, Gaz | We are hopeful and I am happy that we are at a stage where we have both a hearing from the government and clearly interested investors Erik Eberhardson, Gaz |
| Following negotiations, Erik Eberhardson, the chairman of LDV's Russian owner Gaz, said he remained convinced the firm can be saved, with a management buyout being the best option. | Following negotiations, Erik Eberhardson, the chairman of LDV's Russian owner Gaz, said he remained convinced the firm can be saved, with a management buyout being the best option. |
| "I am an optimist and that remains the case," he said, speaking from Russia. | "I am an optimist and that remains the case," he said, speaking from Russia. |
| "We are hopeful and I am happy that we are at a stage where we have both a hearing from the government and clearly interested investors. It could have been a lot worse." | "We are hopeful and I am happy that we are at a stage where we have both a hearing from the government and clearly interested investors. It could have been a lot worse." |
| Production at LDV has been suspended since December because of falling sales and earlier this month workers agreed to a 10% pay cut and a three-day week to reduce costs. | Production at LDV has been suspended since December because of falling sales and earlier this month workers agreed to a 10% pay cut and a three-day week to reduce costs. |
| There are fears that if the company is bought by an overseas investor, production could leave the UK. | There are fears that if the company is bought by an overseas investor, production could leave the UK. |
| Government officials have told the BBC that any financial support for LDV would only be made on a "reasonable risk for taxpayers' money". | Government officials have told the BBC that any financial support for LDV would only be made on a "reasonable risk for taxpayers' money". |
| The government said it had already invested £25m in the plant, rescheduled tax payments and got agreement for a rent reduction. |