MF 135 and 148 remained in production until 1979, even though imports to Finland had ended earlier. Their successor was the 240/245 introduced in 1977, of which the former was the one brought into Finland. The 240 featured old technology in a new shell. It still had drum brakes, limited lifting capacity, power-assisted steering, and a non-synchronized 8+2 gearbox. The cab was manufactured by British company Lambourn. In 1983 the cab was replaced with a new one (see second picture).

Worldwide there is also a 250 model, which differs from the 240 by having planetary final drives at the rear and oil-immersed disc brakes. There was also a four-wheel-drive version of the 250. In some countries, models 245 and 255 were sold instead. The 245 differed from the 240 by having a shorter wheelbase and a lifting capacity of 1,650 kg. The 255 offered 1,800 kg of lifting capacity and featured oil-immersed brakes. The smallest models in the range were the 230 and 235, both with 38 horsepower.

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