UK: Government stance on euro threatens two more car plants
The UK government's 'wait-and-see' stance on the euro is threatening further investment in two thriving British car plants, reports published today say. The news comes only two days after General Motors Europe announced the axing of its Vectra plant at Luton, just north of London, with the loss of 2000 jobs. One of the plants at risk is the Peugeot plant in Ryton, near Coventry in the Midlands, which is currently operating three shifts to build the 206. Also under a cloud is Europe's most productive plant, the Nissan Micra, Almera and Primera-producing operation in Sunderland, north-east England.
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