UK Mandelson: Need To Keep Open Mind On GM Negotiations
11 Juni 2009 - 3:28PM
Dow Jones News
U.K. Business Secretary Peter Mandelson said Thursday that it
was important to keep an open mind on the options for General
Motors Corp.'s (GMGMQ) European operations.
"We all have to keep an open mind to other possibilities
throughout this negotiation," Mandelson said on BBC television.
Canadian-Austrian auto parts supplier Magna International Inc.
(MGA) has proposed to buy GM's European units, which include car
makers Opel in Germany and Vauxhall in the U.K.
However, U.K. officials are concerned Vauxhall would bear more
than its fair share of job losses if GM's European operations were
consolidated after a Magna takeover.
-By Natasha Brereton, Dow Jones Newswires, +44-20-7842-9254,
natasha.brereton@dowjones.com