Business Secretary visits Vauxhall van plant today Workers at Vauxhall's Luton van plant are today trying to persuade the Business Secretary, Lord Mandelson, to fight for the factory's future in his negotiations with potential buyers of its parent company. GM Europe (GME), which includes Vauxhall in the UK and Opel in Germany, was spun out of the failing US giant days before it collapsed into bankruptcy. The division is currently surviving on a €1.5bn (£1.3bn) bridging loan from the German government and is in the process of being sold. Whichever bidder wins, GME faces major cuts to bring capacity into line with recession-hit demand. The question is which factories will go and, with national governments playing a key role in sweetening the deal, there is major political pressure to barter to secure domestic jobs. Lord... [read full story]
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BUSINESS Secretary Lord Mandelson has pledged Government support in underwriting a deal to buy struggling car company Vauxhall. He toured the Luton plant, which has 1,500 workers and supports another 4,000 jobs, where he met...
Lord Mandelson has indicated that the UK Government could support the new General Motors Europe with loans. The Business Secretary visits GM?s van-making plant in Luton on Friday Photo: PA A consortium led by Canadian car parts...
Lord Mandelson today told workers at a Vauxhall plant that the Government will underwrite a deal to buy out the group from General Motors (GM), its bankrupt parent, and that retaining production facilities in the UK remained a...
The UK is prepared to make loans or loan guarantees to help push through the sale of Vauxhall, Business Secretary Lord Mandelson has said. Vauxhall is owned by General Motors (GM) Europe, which is in talks to be taken over by...
Lord Mandelson today told workers at a Vauxhall plant that the Government will underwrite a deal to buy out the group from General Motors (GM), its bankrupt parent, and that retaining production facilities in the UK remained a...
Lord Mandelson says he expects to see a draft business proposal from Vauxhall-suitors Magna within the next two weeks, which will reveal the Canadian group's plans for the 5,000 staff across plants at Ellesmere Port and Luton....
Business secretary Lord Mandelson has pledged to do "everything possible" to save Vauxhall and thousands of UK jobs ahead of a visit to the company's Luton plant today. Ahead of his meeting with union officials, local MPs and...
Lord Mandelson will today come under renewed pressure from the UK's biggest union to shore up the future of 5,000 Vauxhall car and van workers at factories in Ellesmere Port, Cheshire and Luton. As the Business Secretary...
Business secretary Lord Mandelson has pledged the Government's support in a deal to buy out struggling vanmaker Vauxhall. Lord Mandelson toured the company's Luton plant, meeting union officials and management as negotiations...
Source ITN Business secretary Lord Mandelson has pledged the Government's support in a deal to buy out struggling vanmaker Vauxhall. Lord Mandelson toured the company's Luton plant, meeting union officials and management as...
Harry Wilson, Manufacturing, Investing & Markets, Human Resources, Unemployment & Downsizing, U.K. Cabinet and Departments, Finance, Banking & Insurance, U.K. Government, Corporate Bankruptcies, Opel Cars, GMC Cars, U.K. Secretary for Business, Enterprise and Regulatory Reform, Downsizing, Production Facilities, Corporate Performance, Car Brands, German Government, Investing, Chrysler Cars, Cars & Motor Vehicles, Ford Cars, Car Manufacturers, RHJ International, Chevrolet, Opel, Magna International, Cadillac, Fiat, General Motors, U.K. Department for Business, Enterprise and Regulatory Reform, Germany
