Wednesday, May 13, 2009
GM chief on Vauxhall's future
General Motors' chief executive Fritz Henderson has offered no reassurances on the future of Vauxhall.
His comments came as he said it was probable that the struggling US vehicle manufacturer would file for Chapter 11 bankruptcy protection by a June 1 deadline set by the US government.
More than 5,000 people work at Vauxhall in the UK and Mr Henderson said he could not go into detail about what other parties may plan for Vauxhall and other GM Europe operations if the division was sold.
However, he did say that Vauxhall's plants in Luton and Ellesmere Port had performed well. GM plans to continue to have a stake in the European business if it is sold, although it is expected to be a minority holding.
DATED: 13.05.09
FEED: AW
