Posts Tagged ‘fiat car leasing’


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Takeover could mean cutbacks for Vauxhall

Friday, August 7th, 2009

Thousands of jobs in the UK are under threat over the recent collapse of American car manufacturing giant General Motors (GM). The company has filed for bankruptcy in the US, causing uncertainty for all its workers about their future with the company. GM Europe, which consists of UK brand Vauxhall and the German Opel, has been bought out by Canadian car parts company Magna International.  But although this means that both the British and German brands will continue production, a fall in demand for car sales and car leasing deals could mean that Magna will be making significant job cuts.

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