British Motor Holdings
| Industry | Car industry |
|---|---|
| Fate | Merged in 1968 with Leyland Motor Corporation |
| Predecessor | Morris Motors Limited Austin Motor Company Limited Pressed Steel Company Ltd Jaguar Cars Limited |
| Successor | British Leyland Motor Corporation |
| Founded | 14 December 1966 |
| Defunct | 17 January 1968 |
| Headquarters | Longbridge, Birmingham, England, UK |
|
Key people
|
Sir George Harriman (Chairman) |
British Motor Holdings Limited (BMH) was a British vehicle manufacturing company known until 14 December 1966 as British Motor Corporation Limited (BMC).[1]
Thirteen months later on 17 January 1968 under direct pressure from its national government BMH merged with Leyland Motor Corporation (Standard-Triumph, Rover and Alvis cars, Leyland trucks and buses, Alvis fighting vehicles) to form British Leyland Motor Corporation (BLMC).[2]
Contents
History
1964 The Wilson government takes control
The Wilson Labour Government (1964–1970) came to power at a time when British manufacturing industry was in decline and decided that the remedy was to promote more mergers, particularly in the motor industry. Chrysler was already buying into the Rootes Group, Leyland Motors had acquired Standard Triumph in 1961 (and would buy Rover in 1967) and had become a major automotive force. The British Motor Corporation (BMC) was suffering a dramatic drop in its share of the home market. Tony Benn, appointed Minister of Technology in July 1966, brought pressure to bear on the industry and one result was BMH's merger with Leyland to form British Leyland.
Pressed Steel
In 1965 BMC had purchased Pressed Steel, Britain's major car body manufacturer, and in the third quarter of 1966 it purchased Jaguar Cars.[3] Three months later, to recognise the changed nature of their business, the company name was changed to British Motor (Holdings) Limited on 14 December 1966.[4]
Jaguar
From the perspective of Jaguar, the sale to BMC which became firm in September 1966[5] (when BMC took control of Jaguar) came about for two principal reasons; First, Sir William Lyons, the managing director and co-founder of the company, saw the merger as the best way for Jaguar to ensure supplies of bodies from Pressed Steel, which supplied the company and was now owned by BMC. Second, Lyons, by now 65 and without his son John, who had been killed driving to Le Mans in 1955, did not have a long term succession plan. From the perspective of the BMC, a takeover of Jaguar was attractive because it was successful in the US market, and was thereby profitable at a time when BMC lacked the funds to invest sufficiently in modern production facilities or new models.
At the annual statement to shareholders for 1967, BMH chairman Sir George Harriman reported on Group Overseas Operations that the company had delivered to world markets (i.e. exported) 313,790 cars, commercial vehicles and tractors, including 72,049 manufactured overseas.[6]
The marques
British Motor Holdings inherited a plethora of British automotive marques but by now they were the (famously) badge-engineered unified range of one manufacturer incorporating three sports cars, MGB, MG Midget / Austin-Healey Sprite, Austin Healey 3000 plus Jaguar saloons and sports car and its badge-engineered Daimlers, Coventry Climax industrial engines and Guy trucks.
Estimated production of cars and commercial vehicles in the UK 1965
| Brand | Quantity | Share | |
|---|---|---|---|
| BMC | 890,000 | 40.2% | |
| Jaguar | 30,000 | 1.4% | |
| BMH | 920,000 | 41.5% | |
| Standard-Triumph | 125,000 | 5.6% | |
| Rover | 25,000 | 1.1% | |
| Leyland | 150,000 | 6.8% | |
| Ford | 590,000 | 26.6% | |
| Vauxhall | 333,000 | 15.0% | |
| Rootes | 220,000 | 9.9% | |
| Rolls-Royce | 1,200 | 0.1% | |
| Total | 2,214,200 | 100.0% |
In 1965, the year prior to the merger, BMC and Leyland's annual production had reached one million vehicles per annum.[7] By contrast, Jaguar's total production in 1966 was 15,690 vehicles.[8]
Merger with Leyland
On 17 January 1968 BMH merged with the smaller prosperous Leyland Motor Corporation to form the British Leyland Motor Corporation (BLMC) on a one-for-one share exchange, valuing BMH at £201 million. BMH had reported a £3.4 million loss for 1966/7.
Sources and further reading
- ↑ British Motor Takes That New Label The Times, 15 December 1966; pg. 17 Issue 56815
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ "Jaguar Group of companies is to merge with The British Motor Corporation Ltd., as the first step towards the stting up of a joint holding company to be called British Motor (Holdings) Limited." Official statement released at press conference at the Great Eastern Hotel, London, 1966
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 90PC OF JAGUAR TAKE BMC The Times, Wednesday, 14 September 1966; pg. 18; Issue 56736
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Karel Williams, John L. Williams, Dennis Thomas, Why Are the British Bad at Manufacturing, page 54, Routledge & Kegan Paul, 1983, ISBN 0-7100-9561-9
- ↑ Simply the best, www.aronline.co.uk Retrieved on 6 June 2013
| British Leyland – car companies and marques | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Marque | 1900s | 1910s | 1920s | 1930s | 1940s | 1950s | 1960s | 1970s | 1980s | 1990s | 2000s | 2010s | |||||||||||||||||||||||||||||||||||||||||||||||||
| Jaguar | SS Cars | Jaguar | Jaguar & Daimler |
BMH | BLMC / British Leyland | Jaguar & Daimler |
Ford (PAG) | Tata | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Daimler | Daimler | BSA | BSA | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lanchester | Lanchester | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rover | Rover Company | Rover Company | Rover Company | Austin Rover Group & Land Rover Group (BL plc) |
Rover Group (BAe) | Rover Group (BMW) |
MG Rover Group (PVH) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Land Rover | Ford (PAG) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Alvis | Alvis | BAE Systems | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Standard | Standard | Standard Triumph | Leyland Motors | British Motor Heritage | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Triumph | Dawson | Triumph | BMW | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Riley | Riley | Nuffield Organisation | BMC | BMH | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MG | Morris Garages (MG) | Rover Group (BMW) |
MG Rover Group (PVH) | SAIC & NAC |
SAIC | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Morris | Morris | Morris | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wolseley | Wolseley | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Austin | Austin | Austin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vanden Plas | Vanden Plas | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mini | BMW | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Princess | BMC | BLMC / British Leyland | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Austin-Healey | Austin (BMC) & Donald Healey | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Marque | 1900s | 1910s | 1920s | 1930s | 1940s | 1950s | 1960s | 1970s | 1980s | 1990s | 2000s | 2010s | |||||||||||||||||||||||||||||||||||||||||||||||||
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