LONDON, March 12 (Reuters) - Britain said on Friday it would provide a 270 million pound loan guarantee to General Motors Europe to help secure the company's operations in Britain and the rest of Europe.
'We need Vauxhall to thrive as part of Britain's automotive manufacturing base and following our negotiations with GM Europe I am confident it will do so,' Business Secretary Peter Mandelson said in a statement.
Vauxhall is the UK operation of General Motors and has two plants in England. Keywords: AUTOS GM/BRITAIN (keith.weir@thomsonreuters.com, 00 44 20 7542 8022; Reuters Messaging: keith.weir.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We need Vauxhall to thrive as part of Britain's automotive manufacturing base and following our negotiations with GM Europe I am confident it will do so,' Business Secretary Peter Mandelson said in a statement.
Vauxhall is the UK operation of General Motors and has two plants in England. Keywords: AUTOS GM/BRITAIN (keith.weir@thomsonreuters.com, 00 44 20 7542 8022; Reuters Messaging: keith.weir.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.