News Source: The independent
| about 1 month ago
As late as Monday, the future of the deal was still hanging in the balance as the British and Spanish governments threatened to wreck the sale because it favoured GM Europe's Opel plants and workers in Germany. The outcome appears to be a triumph for...
News Source: Times Online
| about 1 month ago
Magna International committed itself to the long-term future of Vauxhall’s Ellesmere Port plant and agreed that it would try to find another vehicle to produce at the Luton site to secure its future after 2013. The Business Secretary will now begin...
News Source: Androscoggin News
| about 1 month ago
The agreement has removed a key obstacle to the Canadian company’s takeover of Opel and Vauxhall with Russia’s Sberbank and raised hopes that a wider deal between European governments, unions and Magna could be sealed soon. Unite, which had...
News Source: International Business Times
| about 1 month ago
Agreement between Magna and a UK labor union on Tuesday brought closer a final deal for General Motors to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium. Talks with governments and labor representatives on...
News Source: Xtra News
| about 1 month ago
Unions struck a deal to save two Vauxhall car plants in Britain with the new Canadian parent company, the country's biggest trade union Unite announced on Tuesday. Unite had said last month that the future of the plants at Luton, north of London, and...
News Source: Times Online
| about 1 month ago
Thousands of jobs at Vauxhall have been hanging in the balance after General Motors, the American car group, chose to sell the British carmaker to Magna. Unite, the union, said today that a deal had been struck to secure the future of the two plants,...