User Tag List

Thanks Thanks:  0
Likes Likes:  0
Results 1 to 1 of 1

Thread: vauxhall sold have your say ?

  1. #1
    Regular Member nph1's Avatar
    Join Date
    Apr 2007
    Location
    cheltenham/gloucestershire
    Problems Posted
    0
    Problems Solved
    0
    Best Answers
    0
    Good Answers
    0
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Vehicle InfoStats





    Question vauxhall sold have your say ?

    General Motors has decided to sell its European arm prompting fears for thousands of Vauxhall jobs in the UK.
    The motor giant has agreed that Canadian car parts firm Magna is their preferred bidder for Opel and its sister company Vauxhall.
    The decision is a blow to British unions. They warn the move could spell job losses among 5,500 workers at plants in the UK.The move is likely to put pressure on staff at Luton, where the future of the plant could now be under threat.

    Vauxhall employs 5,500 workers at plants in Ellesmere Port, Cheshire, and in Luton, Bedfordshire

    Business Minister Pat McFadden is trying to stay positive. He said: "We will now continue our discussions with Magna: they have told us of their commitment to continuing production at both Ellesmere Port and Luton and we will work to make sure we get the best possible outcome for the UK."
    The Unite union is calling on the Government to give Magna financial support to try and secure British jobs.
    The deal is being welcomed by German Chancellor Angela Merkel as it is likely to secure 25,000 jobs at four plants in the country.
    Under the terms of the agreement, Magna - backed by Sberbank - would purchase a 55 per cent stake in New Open, GM would hold a 35 per cent stake and employees would be provided with a 10 per cent stake.
    The decision to sell has to be ratified by the Opel Trust, made up of representatives from GM, the German federal government and the German states that contain the Opel plants.
    Last edited by nph1; 10th September 2009 at 18:42.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Is the GSi sold already?
    By Hyperhart in forum Vectra C / Signum Car Chat
    Replies: 2
    Last Post: 29th May 2012, 08:06
  2. Has anyone sold there car like this?
    By barney490 in forum Vectra C / Signum Car Chat
    Replies: 12
    Last Post: 21st May 2012, 13:13
  3. Vauxhall / Opel To Be Sold (Again)...
    By Jezzy in forum Vectra C / Signum Car Chat
    Replies: 46
    Last Post: 19th June 2011, 04:16
  4. Sold my GSI for this...
    By Bloicy 3.2 V6 GSI in forum Vectra C / Signum Car Chat
    Replies: 28
    Last Post: 7th September 2009, 10:22
  5. sold my vec (sorry)
    By david-bell in forum Quick Photo Album
    Replies: 16
    Last Post: 14th November 2007, 19:26

Visitors found this page by searching for:

Nobody landed on this page from a search engine, yet!

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •