The UK government said it would discuss helping General Motors’ British unit Vauxhall once it saw the U.S. automaker’s European restructuring plans.
“When the plan is shared with us, we will be able to sit down with GM to discuss how we can best continue to help Vauxhall,” a spokeswoman for Britain’s business ministry said.
GM Europe is pursuing aid for its European businesses of Opel in Germany and Vauxhall in Britain.
GM’s Chief Operating Officer Fritz Henderson said General Motors Europe will run out of money early in the second quarter unless European governments come quickly to the company’s aid.
The UK government spokeswoman said GM was welcome to apply for help under previously announced British government schemes to guarantee up to 2.3 billion pounds ($3.25 billion) of loans for the car industry.
Source: Automotive News