Fleet News

TWR buys Worthing development site

DAEWOO'S Worthing Technical Centre in Sussex has been sold to Oxford-based engineering group TWR for an undisclosed sum as part of the manufacturer's global restructuring plan. Daewoo will now consolidate its research and development operations in South Korea. All staff will have their employment transferred to TWR.

The centre, which helped develop the Daewoo Matiz, will still be used to develop new technology while the Bupyong Technical Centre in Seoul, South Korea, will carry out designs for future Daewoo products.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee