» Wednesday, May 27, 2009


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.

original source.

Briefing took place at 11:00 | Search for related news

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