OPEL DEAL [updated 18:15]: EC approval not needed; 1,800 Vauxhall jobs going?
The German government does not need separate approval from the European Commission to grant state aid to Adam Opel because this would be part of a temporary framework agreement to support companies during the economic crisis, a government document seen by Dow Jones Newswires said. Separately, The Times reported earlier today that Magna would axe 1,400 Vauxhall jobs at the two plants here and the Daily Telegraph, citing "sources", said 1,830.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable