PSA's chief seeks meeting with British PM on planned Vauxhall takeover | Reuters

PARIS PSA Group's Chief Executive Officer has asked for a meeting with British Prime Minister Theresa May on the planned acquisition of General Motors' Opel and Vauxhall operations, a spokesman for the French carmaker said on Saturday. "Carlos Tavares has asked to meet Theresa May," the spokesman said. "It's the same approach that we've engaged with the German authorities."Talks on a sale of GM's European arm to PSA were confirmed by both companies on Tuesday, raising concerns in London and Berlin over possible job cuts. Germany accounts for half of GM Europe's 38,000 staff, with 4,500 in Britain where the company operates under the Vauxhall brand.Two sources close to PSA said on Thursday that job and plant cuts were part of the tie-up talks, with the two Vauxhall sites in Britain in the front line.

(Reporting by Laurence Frost; Writing by Mathieu Rosemain; editing by John Stonestreet)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Feb 18, 2017 21:45 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See