Leyland Daf

Leyland's vehicle manufacturing business was struggling in the 1980s, so the bus and truck divisions were separated, so that they could be sold to interested parties. In 1987 Leyland Trucks was merged with DAF of the Netherlands to form Leyland DAF. The Dutch company held the majority stake and exercised day-to-day management control. The bus company went to a management buyout, then it was sold to Volvo. Leyland DAF was renamed DAF NV, but sales fell in the UK by the turn of the 1990s, and within a couple of years trucks sales alo collapsed in Continental countries. In early 1993 the receivers were called in. The two parts of the company had to be rescued separately, in Benelux and the UK, where in 1993 a management buyout took over at Leyland. The new DAF concern agreed to market Leyland trucks. PACCAR of the USA acquired DAF in 1996, taking over Leyland Trucks in 1998, so once again the two companies were under one ownership.