The future of Vauxhall/Opel is unlikely to be resolved at a key meeting today (Monday, August 3), according to sources close to the talks.
For Vauxhall’s 5,000 UK workers it means that concerns about their jobs are set to continue longer than expected.
Members of the Opel Trust, which is backed by the German government, will meet with officials from parent company General Motors to discuss bids from RHJ International and Magna International for the up-for-sale companies.
However, it is believed that a decision on the successful bidder is unlikely to be made at the meeting because ‘the process is just not far enough along from today’s point of view’.
GM and the Trust are collecting views from stakeholders in GM Europe, including the UK Government.
Source: Daily Telegraph