Feb 24, 2017
PSA boss 'gives Vauxhall UK plant assurances'
PSA Group, which makes Peugeot and Citroen cars, wants to buy General Motors' Vauxhall and Opel businesses. Vauxhall employs 4,500 staff at plants at Ellesmere Port and Luton. Unions in Germany and the UK have been concerned that a takeover of Opel and Vauxhall could lead to job losses. Should the PSA deal go ahead, GM would leave the UK and Europe, while PSA Group would become Europe's second-largest carmaker - behind VW - supplanting Renault-Nissan. The French state has a 14% stake in PSA, as do the Peugeot family and Chinese company Dongfeng Motor.
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