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Reprieve for Vauxhall in Magna deal?

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Reprieve for Vauxhall in Magna deal?

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With the news that a sale of General Motor’s European operations to Canadian car parts firm Magna has been approved by the German government there is hope jobs at Britain’s Vauxhall could be saved.

Vauxhall is Opel’s UK brand, and there had been fears British jobs would be sacrificed for German ones in the sell-off. “Now we’ve got to nail down the assurances and the commitments that Magna have given to me, face to face in London last week, when they expressed their commitment to continue production by Vauxhall in the UK,” says British Business minister Peter Mandelson. The UK government has not been involved in the rescue talks, but the German one has. Opel employs five times more workers there than in Britain, so it has been feared Vauxhall would lose out in any deal.