Vauxhall jobs future still in the balance

from the Guardian:

The wrangling over the future of GeneralMotors took another twist this morning when FIAT said it would not attend today’s negotiations over the sale of GM’s European arm, Opel, which includes UK carmaker Vauxhall.

The Italian firm, one of two remaining bidders for GM Europe, said that it had been left “perplexed” by the last round of talks, which broke up without agreement on Thursday morning after GM apparently declared that it needed another €300m (£260m) of emergency funding.

Fiat chief executive Sergio Marchionne said his firm was still interested in “finding accord with GM”, but would not attend the talks in the German capital, Berlin. He said Fiat had not been able to get full access to Opel’s financial records, adding that it was unreasonable to expect the firm to provide funds to a group whose finances remained uncertain.

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