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Monday 27th of July 2009

News Tag: Lord Peter Mandelson

July 20, 2009

Nissan announces plans to create 350 new jobs

by Kay Murchie
The UK’s ailing car industry has received a boost today with the news that Nissan will create 350 new jobs at its plant in Sunderland, while safeguarding hundreds more in the related supply chain. The new jobs come as part of a £200 million investment, spread over five years, to produce batteries for electric cars. Prime Minister Gordon Brown said: ...

May 31, 2009

General Motors expected to file for Chapter 11

by Kay Murchie
Many reports over the weekend have speculated that General Motors (GM) is expected to file for Chapter 11 bankruptcy tomorrow. The century-old car maker, which was once the biggest company in the world, reaches its deadline tomorrow of restructuring the business in order to achieve a multi-billion dollar loan from the Government to avoid bankruptcy protection. So far, the company ...

May 28, 2009

Vauxhall’s UK plans won’t close says Mandelson

by Kay Murchie
It emerged earlier today that Vauxhall’s UK plants were at risk of closure after struggling US car maker General Motors (GM) moved to sell off its European arm, which includes Vauxhall and Germany’s Opel. However, Business Secretary, Lord Peter Mandelson, has told Sky News that “there is no danger of Vauxhall's UK plants closing”. However, Lord Mandelson did warn that some ...