British Secretary of State for Business, Greg Clark, is currently (24 February) meeting PSA Groupe CEO, Carlos Tavares in London as intense speculation continues to swirl concerning the fate of General Motors’ UK division, Vauxhall.

PSA is looking to acquire the Opel/Vauxhall operations from parent, GM, prompting considerable union concerns in the UK and a flurry of top-level phone calls between the French automaker and senior British politicians.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

“He [Clark] is meeting Carlos Tavares this morning,” a UK Business department spokeswoman told just-auto from London, while Prime Minister, Theresa May’s office is due to provide details of her conversation with the PSA chief later.

Yesterday, the Opel/Vauxhall European Works Council (EWC) met in Rüsselsheim, Germany to discuss the current situation.

Representatives from all countries concluded the following demands and joint strategy, should Opel/Vauxhall be absorbed into the PSA stable.

. Members of the EWC highly appreciate the clear commitment by PSA to respect the agreements and commitments in all European countries and at all European sites and to run a future Opel/Vauxhall as an independent company.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

. Members of the EWC acknowledge PSA is committed to enter into a dialogue in the interest of the future of Opel/Vauxhall and its employees.

. The EWC demands that GM fulfils all agreements and commitments necessary for the success of the sites and the future company.

. The EWC further agreed to open up a line of communication with the colleagues at PSA by reaching out to the PSA European Works Council.

British labour body, Unite was not immediately available for comment.