In the beginning of 1993, DAF NV became insolvent, and Leyland DAF went into receivership.
The company was formed in 1987 when the Leyland Trucks division, including the Freight Rover van making interests, of the British Rover Group merged with the Dutch DAF Trucks company. The new company, DAF NV, was jointly owned by DAF Beheer BV (60%) and Rover Group (40%). Later, the company was floated on the Dutch stock exchange. The new company traded as Leyland DAF in the United Kingdom, and as DAF elsewhere.
The company manufactured trucks at its plants in Leyland, United Kingdom and Eindhoven, the Netherlands, and vans at its Birmingham plant in the United Kingdom.
Following the insolvency of DAF NV in February 1993, four new companies emerged as management buyouts:
- LDV Limited as a van manufacturer based in Birmingham.
- Multipart Solutions Limited, which was formed out of the firms parts company based in Chorley.
- Leyland Trucks as a truck manufacturer based in Leyland.
- DAF Trucks as a truck manufacturer based in Eindhoven.
The latter two would both become part of the American truck giant Paccar.
In July 1994, Leyland Technical Centre, formerly part of the Leyland DAF global test operations, and located close to the Leyland Trucks site also emerged as a management buyout. In February 2005, the company was renamed MI Technology Group Ltd.
- Leyland DAF 60 Series (up to 18000 kg)
- Leyland DAF 70 Series (18000 kg to 26000 kg)
- Leyland DAF 80 Series (18000 kg to 38000 kg)