In an interview with the BBC Business Secretary Lord Mandelson said that there will be “painful change” resulting from the takeover of GM Europe.
This, he said, would be inevitable whichever of the three bidders for the European arm of General Motors, which owns Vauxhall, takes over.
“Whoever comes out as the successful bidder will cut costs and consolidate,” he said.
He also said he was working hard to secure the future of Vauxhall’s plants.
“We have to ensure that productive plants, where the greatest percentage of sales take place and which include UK Vauxhall plants, have a secure future,” he said.
“That is what I working for.” Full story…