GM Vauxhall talks come to a halt on cash loan after the auto maker asked the German Government for a bridging loan of 300 million euros (£260m). This talks are being watched carefully by Luton and Ellesmere Port employees.
Following the news that General Motors (GM) reversed its decision to sell Vauxhall Opel to Canadian car parts firm Magna, GM's vice-president John Smith stated that there was still 30% overcapacity that would lead to job losses.
