» Wednesday, May 27, 2009Vauxhall
Asked if the Government was satisfied with the input it had had into the German government’s decision on Opal and whether the EIB was expected to be involved in any discussions, the PMS said that these were specific questions on matters that were commercially confidential. Lord Mandelson had issued a statement on this and made clear that he had had substantial telephone conversations with both the Chief Executive of General Motors (GM) and the Chief Executive of GM in Europe. Lord Mandelson had also had meetings with Fiat and Magna about their bid. He had also made clear the UK Government’s commitments to all of Vauxhall’s plants. We were in regular contact with the German government, particularly over bridging finance. As Lord Mandelson had made clear, while we were not being asked to participate in the bridging loan, we had not ruled out making a financial contribution to securing the future of Vauxhall as part of a long term commercial plan to stabilise the future of GM in Europe. Briefing took place at 11:00 | Search for related news Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says. |
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