British vanmaker LDV will go under within a week without government intervention, the man behind LDV's management buyout told Sky News.
Erik Eberhardson saidthat LDV needed a temporary loan for the company to begin rolling out its new electric van. The company was recently turned down by the government after asking for a £30m loan.
According to Sky News, LDV suspended production in December due to poor sales, and the company hasn’t made a profit in four years. Russian automotive group Gaz, which owns the company, said it is unable to provide any more funds.
