G
grumpyoldb
Guest
Italian carmaker Fiat has begun efforts to win support for its plan to take over General Motors' European business, which includes Vauxhall and Opel.
After meeting Fiat's chief executive, Germany's economy minister said the Italians wanted to take over Opel, but without running up any debt.
Karl-Theodor zu Guttenberg also said Fiat had pledged to keep the three main German factories if its bid went ahead.
Opel employs nearly 26,000 in Germany, while Vauxhall employs about 5,000 people in the UK. And the UK's Unite union said it opposed Vauxhall being taken over by Fiat - claiming it would be an "unmitigated disaster" that would cost jobs.
http://news.bbc.co.uk/1/hi/business/8032213.stm
And to think that the UK used to lead the world in engineering.
After meeting Fiat's chief executive, Germany's economy minister said the Italians wanted to take over Opel, but without running up any debt.
Karl-Theodor zu Guttenberg also said Fiat had pledged to keep the three main German factories if its bid went ahead.
Opel employs nearly 26,000 in Germany, while Vauxhall employs about 5,000 people in the UK. And the UK's Unite union said it opposed Vauxhall being taken over by Fiat - claiming it would be an "unmitigated disaster" that would cost jobs.
http://news.bbc.co.uk/1/hi/business/8032213.stm
And to think that the UK used to lead the world in engineering.