GM in Europe secures €300 million loan from UK

Business Secretary Lord Mandelson has announced today a €300 million (£270m) loan guarantee to General Motors (GM) Europe.
The money will help to secure GM brand Vauxhall's continued operations in Britain at its two plants; Luton and Ellesmere Port. It will also support Vauxhall's sister brand Opel within its operations on mainland Europe.
Today's outline agreement [...]
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