Britain complains to EU over Opel plan: reportBritain has written to Europe's competition chief challenging plans by auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Business Secretary Peter Mandelson The Rt Hon. Peter Benjamin Mandelson (born 21 October 1953) is the current British Commissioner of the European Union for Trade. Before taking this post, he was a British Labour politician, and served as Member of Parliament for Hartlepool for twelve years. said the Canadian company's plans for restructuring of Opel were too expensive and susceptible to "political intervention", the Financial Times said. "We do not believe the case has been demonstrated that the current Magna proposal is commercially the most viable plan," Mandelson said in the letter, obtained by the newspaper. "Capacity at highly efficient plants in Britain and Spain is planned to be under-utilised, in favour of higher utilisation of some of GM?s other less efficient plants," he said. The letter sent Tuesday to European Commissioner for Competition The Commissioner for Competition is the member of the European Commission. The current commissioner is Neelie Kroes (ALDE). The portfolio has responsibility for such matters as commercial competition, company mergers, cartels, state aid and anti-trust law. Neelie Kroes Neelie Kroes (born July 19, 1941 in Rotterdam, Zuid-Holland) is a Dutch politician and businessperson. Neelie Kroes was a Member of Parliament in the Netherlands for the People's Party for Freedom and Democracy (VVD). comes as fears mount of thousands of job losses across Europe, and possible plant closures as part of Magna's plans for Opel. Britain has 4,700 workers at two plants at Opel's Vauxhall operations. Mandelson urged the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community to take up the case "to ensure a commercially-based outcome rather than one determined by political intervention and subsidies." Earlier this month, struggling US giant General Motors announced the sale of a majority stake in its European arm Opel to Magna and its partner, Russian state-owned lender Sberbank. Magna was the candidate favoured by German Chancellor Angela Merkel Angela Dorothea Merkel (IPA: [ˈaŋɡela doʁoˈteːa ˈmɛɐ̯kəl]) (b. , who faces national elections this weekend, on the grounds it would limit job losses in Germany. Belgium, Spain and Britain have all raised concerns that the Opel sale to Magna would see them at a disadvantage compared to Germany which has backed the deal with 4.5 billion euros (6.6 billion dollars) in state aid. Commission officials told the FT that they would "carefully examine" aid for Opel linked to its restructuring from Germany or any other member states. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a business plan leaked to German media on Tuesday, Magna is poised to slash around 11,000 jobs out of about 45,000 in Europe. Thousands of car workers and supporters, including hundreds from Germany, protested at a threatened Opel factory in northern Belgium on Wednesday. 
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion