Feb 20, 2017
'No reason to fear' Vauxhall job losses, Clark says
His assurance came as he answered questions about the possible takeover of General Motors' European operations, including Vauxhall, by the French PSA. PSA owns both Peugeot and Citroen and its interest in buying the GM businesses was announced last week. Mr Clark met the PSA board and French industry minister last Friday. "We have a very strong domestic market and Vauxhall has a large share of that - something PSA recognises," said Mr Clark. "One of the points the PSA executives made to me was that since the new management of PSA has been in place, they have taken some pride in having part of their strategy not to close plants," he added. Prime Minister Theresa May plans to meet Carlos Tavares, the PSA chief executive, but a time and date has not yet been fixed.
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