Mandelson meets Magna and German officials over Vauxhall future

Posted on June 11th, 2009 by News in Manufacturers, News

Business Secretary Lord Mandelson is having a series of meetings in the UK and Germany this week to discuss Vauxhall and its future as part of GM Europe following the decision of parent company General Motors to offload a stake in the business to Canadian firm Magna International.

Lord Mandelson has met a number of senior representatives from the Unite union and local MPs of the Luton plant yesterday (Wednesday, June 10). He then travelled to Germany where he will be meeting with senior Chancellery officials and Economics Minister Karl-Theodor zu Guttenberg. He is also due to hold talks with Magna, the preferred bidder for GM Europe.

The UK Government says it has been working closely with all the parties involved for months to set up a long term capital structure for GM Europe including the UK operations in Ellesmere Port and Luton.

Lord Mandelson said: “The Government is continuing to do all it can to secure the future of production at the Luton and Ellesmere Port plants.”

“The UK Government is at the heart of the discussions on securing a commercial solution for GM Europe. I continue to fight for the best interests of all Vauxhall’s workforce in the UK.”

Source: Autowired

Bookmark and Share

The Motor Trade Insider Guide To Buying New Cars

  • New talks set on Vauxhall future
    Opel chief Nick Reilly, General Motors’ head of operations in Europe, is set to hold meetings with Business Secretary Lord [...]...
  • Vauxhall job security “not certain”
    The fate of 5,500 Vauxhall workers and thousands of other people employed by companies that supply parts to the vehicle [...]...
  • UK Government “satisfied” with GM Magna deal
    The sale of General Motors’ European operations to car parts giant Magna, backed by the Russian Sberbank, has left the [...]...
  • Mandelson receives reassurance over future of Vauxhall
    Business Secretary Lord Mandelson says the US government has given a “positive response” to his case for continued General Motors [...]...
  • Breakdown of talks brings concern over Vauxhall future
    Concerns about the future of Vauxhall’s two UK plants are growing after talks broke down in Germany over which firm [...]...
  • UK government may step in to help secure Vauxhall future
    The UK government has “not ruled out making a financial contribution” to help secure the future of carmaker Vauxhall, Peter [...]...

    • Comments are closed.

    Automotive Industry News

    About MTI

    Motor Trade Insider
    Our aims:
    Build a bridge between consumers and the trade.

    Create Interesting and informative content.

    Break down barriers and create better understanding.

    Expose bad practices and rip-offs.

    Promote outstanding products and services.

    Motor Trade Insider is written by people working actively in the motor trade for people on the inside and people on the outside.

    Motor Trade Insider New Car Buying, Used Car Buying, Used Car Prices, Used Car Values UK. Car buying guide. Whether you’re buying a new car or interested in used cars or car valuation or just general information and advice on the motor trade and UK Automotive Industry.

    Valid CSS!

    Valid XHTML 1.0 Transitional

    [Valid RSS]

    Bargain of the Week

    Bargain of the Week – Land Rover Discovery

    Bargain of the Week – Land Rover Discovery

    With all the boxes ticked it does make you wonder how the British government think they can keep raising the cost of car ownership to ...

    Bargain of the Week – Ferrari 355

    Its V8 engine became the first road-going Ferrari to have bypass valves built into the exhaust system letting pretty much all of its thunder explode ...

    Bargain of the Week – 2003 Range Rover 3.0 Td6 HSE

    With the recent facelifted Range Rover and Sport doing wonders for sales, forking out for a 10-plate can set you back over 50 big ones ...

    Scrappage

    The scrappage scheme has ended, get over it

    The scrappage scheme has ended, get over it

    The continuous changes which the car trade is undergoing means that until staff get the message that customers demand (and deserve) great service and will ...

    What a difference a year makes

    Car buyers have therefore either gone elsewhere or decided on a demo model or nearly new example instead, thus leaving a vacuum in new car ...

    VAT’ll do nicely!

    We found that when embracing the scrappage scheme, for example, dealers made the absolute most out of it. Short term, after it ended, it did ...