GM’s chief executive, Mary Barra, said without last summer’s Brexit vote, Opel and Vauxhall would have moved into profit last year. Vauxhall’s pension plan has a deficit of £1bn while the Opel pension deficit is estimated at nearly €7bn. That is something that I know will be stressed to PSA.”The Liberal Democrats warned that jobs were still far from safe at Vauxhall. Labour MP Gavin Shuker, who represents Luton South, said: “Glad to see the uncertainty over the PSA/GM deal is now over. Our UK plants are among the most efficient of any in the new company.

Source: The Guardian March 06, 2017 08:44 UTC