Cash could help save Vauxhall
Evening Chronicle (Newcastle, England), May 27, 2009
BUSINESS Secretary Lord Mandelson said the Government had "not ruled out" a financial contribution to help secure the future of car maker Vauxhall, a report said today.
The Cabinet member reportedly held "substantial telephone conversations" yesterday with the bosses of Vauxhall's parent companies.
He spoke to Fritz Henderson, GM's chief executive, and Carl Peter Forster, chief executive of GM Europe, to make clear the "UK's commitment to all of Vauxhall's plants", a paper said.
His reported intervention comes ahead of an imminent decision by the German government to name a preferred bidder for GM's European arm Opel and Vauxhall.
The move will impact staff at Vauxhall's UK factories in Luton, Bedfordshire, and Ellesmere Port, Cheshire, which employ a combined total of around 5,000 people..
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