Friday 31st January 1975

DAF sold its passenger car division, along with what is now the NedCar factory in Born, to the Swedish company AB Volvo, leaving DAF to concentrate on its successful line of lorries. In 1987, DAF merged with the Leyland Trucks division of Rover Group and was floated on the Dutch stock exchange as DAF NV. The new company traded as Leyland DAF in the UK and as DAF elsewhere. DAF Bus was split off in 1990 to become a part of United Bus. Following difficulties in the British market, DAF NV went bankrupt in 1993. A new company, DAF Trucks, appeared in the Netherlands as a result of a management buy-out of the Dutch operations, as did Leyland Trucks and LDV (vans) in the UK. In 1996, PACCAR acquired DAF Trucks. DAF Trucks and Leyland Trucks were rejoined in 1998 when PACCAR also acquired Leyland Trucks.