Germany has agreed a deal with Magna International, a Canadian car parts maker, to take over Opel, part of the European wing of US carmaker GM.
Talks in Berlin continued into early Saturday before Germany's finance minister announced the rescue deal.
The German government is expected to provide an immediate loan facility of 1.5bn euros ($2.1bn, £1.3bn).
Questions needs to be asked where was Lord Peter Mandelson, Secretary of State for Business, Enterprise. He should have been at the very top table bidding for British Vauxhall workers and getting his Labour government to invest in Vauxhall. People of Britain will remember Labour saved the banks but failed to save Woolworth’s, other shopping retails and British manufacturing. 'Scrappage Incentive Scheme’, which could give buyers’ £2000 towards the cost of a new car, seems very shallow if Vauxhall is left to go to the wall, at least British families can buy German made Opel cars. I suspect Unite union will still carry on donating to the Labour party, so that their leaders can confirm a peerage at some later stage in their career. It’s the workers and their families I sympathise with the union takes their dues to help fund the Labour party, a Labour government that wouldn’t help them. What are the Labour European MEP’s doing nothing,
The real stitch up!
1 year ago
1 comments:
Could it be that the German and most other European governments support local manufacturing? The Brits, of course, outsourced that decades ago.
I bet an independent Welsh government would support local industry not global bankers.
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