GM bankruptcy 'will hit Vauxhall'

Link to the article: Channel 4 News

By Jenny Wivell

The car giant General Motors is today filing for bankruptcy, as unions warn it will inevitably mean job losses at Vauxhall plants in Britain. Jenny Wivell reports.

General Motors is expected to file for bankruptcy protection today, marking the biggest corporate failure in American history.

The century-old car giant will receive emergency funding from the US government, which will in turn receive a 60 per cent stake in a new, leaner company due to be relaunched within 90 days.

Unions here warn that the restructuring, which includes the sell-off of GM Europe to a Canadian-Russian conglomerate, will mean that jobs will be lost at Vauxhall plants in Luton and Ellesmere Port.