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.
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.
