Friday, June 12, 2009
Mandelson meets with Magna and German officials
Business Secretary Lord Mandelson is having a series of meetings in the UK and Germany this week to discuss Vauxhall and its future as part of GM Europe following the decision of parent company General Motors to offload a stake in the business to Canadian firm Magna International.
Lord Mandelson has met a number of senior representatives from the Unite union and local MPs of the Luton plant yesterday (Wednesday, June 10). He then travelled to Germany where he will be meeting with senior Chancellery officials and Economics Minister Karl-Theodor zu Guttenberg. He is also due to hold talks with Magna, the preferred bidder for GM Europe.
The UK Government says it has been working closely with all the parties involved for months to set up a long term capital structure for GM Europe including the UK operations in Ellesmere Port and Luton.
Lord Mandelson said: "The Government is continuing to do all it can to secure the future of production at the Luton and Ellesmere Port plants."
"The UK Government is at the heart of the discussions on securing a commercial solution for GM Europe. I continue to fight for the best interests of all Vauxhall's workforce in the UK."
DATED: 12.06.09
FEED: AW
