Major investment for Vauxhall

Mar 2 2010 By nebusiness

General Motors today announced a major investment in its European car making operations, including Vauxhall in the UK.

The US giant unveiled a 1.9 billion euro (£1.7bn) package for Opel/Vauxhall, more than trebling its previous investment pledge.

Opel/Vauxhall chief executive Nick Reilly said at the Geneva Motor Show that the move was a vote of confidence in the firm’s long-term business strategy.

The company has cut jobs across Europe in recent months, including hundreds in the UK at its Luton van plant, although the Ellesmere Port car factory where Astras are made has not been hit.