General Motors’ UK operation Vauxhall would return to profitability this year after two years of losses, managing director Kevin Wale told the Financial Times (FT).
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Vauxhall has focused production on its Ellesmere Port plant in Cheshire after investing £200m to allow flexible production of both the Vectra and Astra model lines, the FT said.
The FT said the car maker’s annual report, released yesterday, showed the near-halving of losses was due to a big reduction in the costs of closing the Luton plant, which amounted to £37 million last year, against £235 million the year before.
Operating costs fell almost 10% to £3.54 billion, while turnover fell 12% to £3.46 billion, the FT added.
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