Mandelson: Magna CEO to visit UK this week over Vauxhall
British Business Secretary Peter Mandelson said on Monday that representatives from Canadian automotive supplier Magna were due in Britain this week to discuss the future of two Vauxhall factories.
I hope (Magna's co-CEO Siegfried Wolf) he will have good discussions with union leaders. They're looking for hard information and strong assurance of the future viability of Vauxhall's plants.
General Motors has agreed to sell a 55 percent stake in Opel to a group led by Canadian automotive supplier Magna with state-owned Russian bank Sberbank.
Opel is British carmaker Vauxhall's parent company.
(Reporting by Chang-Ran Kim)
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