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Two Horse Race for Vauxhall Vehicles PDF Print E-mail
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Written by Mr Vanman   

The two main bidders in battle with GM to secure the future of Vauxhall and European Opel has begun in earnest. Brussels based industrial holding group RHJ International, has said it would retain both UK sites but may ask workers to take a pay-cut in exchange for

 shares. Whilst Canadian Magna International has pledged to keep both plants open at least until 2013, but has stated that a possible 10,000 staff could be laid off across Europe.
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The Society of Motor Manufacturers and Traders highlights that the production of commercial vehicles is down 64% to 29,950 this year to date. When the overall economy suffers, transport suffers. Another casualty is 1car1 car & van hire which has filed administration.