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Clutch manufacturer slips into administration 13 January 2009

David Bennett, Colin Haig and Matthew Hammond of PricewaterhouseCoopers LLP were appointed joint administrators on Monday 12 January 2009.

David Bennett, director and joint administrator at PricewaterhouseCoopers LLP said:

"AP Driveline has suffered as a result of the current economic challenges facing the automotive industry. A substantial fall in the level of volumes in a short period of time has meant that AP Driveline had limited options and has therefore sought the protection of Administration."

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The administrators are trading the business in the short term while they attempt to find a buyer. Prospective buyers should contact Bob Toor by email at bhupinder.s.toor@uk.pwc.com.

 

 

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