Vauxhall plants braced for cuts
CANADIAN car parts maker Magna is favourite to buy Vauxhall Opel from US giant General Motors in a deal that could affect Vauxhall’s 5,000 workers in Britain. GM is set to decide next week.
Magna, backed by Russian bank Sberbank, is tipped to beat Brussels-based rival RHJ International. Berlin is giving £3.89billion (e4.5billion) to save German jobs, leaving Vauxhall workers at Luton and Ellesmere Port at risk. The UK pledged support but says job losses are inevitable. “We will keep up pressure,” a Government spokeswoman said.