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#315806 - 5th May 2009 2:03pm Fiat plans Vauxhall takeover

Union’s fears over Ellesmere Port plant as Fiat plans Vauxhall takeover

UNION leader Tony Woodley says the Government must step in to secure the long-term future of Vauxhall’s factories after Fiat proposed a takeover of the car manufacturer.

Italian group Fiat is considering buying the European arm of troubled US business General Motors, which includes Vauxhall and its 2,000 workers at the Ellesmere Port plant. Fiat may merge its own car-making operations with GM’s European arm, which includes German company Opel, and its 20% interest in manufacturer Chrysler, which entered bankruptcy protection in the US last week. The firm said that would create a car giant with around £71bn in annual revenues.

Merseyside-born Mr Woodley, joint general secretary of union Unite, says the move worries him as it could mean job losses across Europe.

Ellesmere Port is seen as one of GM’s most efficient European plants and will later this year start building the new generation Astra car in a move that should secure its long-term future.

But Mr Woodley, who once worked at the site, says he wants the Government to work with GM Europe to ensure Vauxhall’s 5,000 UK jobs are preserved.

He said: “These proposals are not so much a Sale as a giveaway. Fiat has struggled for years to get back into profit and now they want to swallow two elephants – GM Europe and Chrysler – simultaneously.

“Inevitably, plants will be reduced across the EU if this takeover goes ahead, and there are real questions over what this will mean for UK plants where Fiat already owns similar operations. Quite frankly, this move sends shivers down my spine.

“In a perfect world, GM Europe should stay part of the global GM family, but if that is not to be the case then my preferred solution is that our government, in conjunction with the German and Spanish governments, takes some ownership which would stabilise the industry and this company.

“If our government is serious about manufacturing, as I believe it is, and serious about ensuring manufacturing will be key to seeing this country out of the recession, then I urge them to do the sensible thing and act to protect our plants.”

Vauxhall was founded in London in 1903. It has been wholly-owned by the General Motors group since 1925 and is responsible for around 20% of GM’s European revenues.

Fiat’s chief executive Sergio Marchionne will assess the viability of the merger in the next few weeks, with the aim of ensuring “the most favourable conditions for the strategic development of the automotive sector”, the firm said.

In an interview with the Financial Times, Mr Marchionne said the potential deal was a “marriage made in heaven” from an industrial and engineering point of view.

The new company would sell up to 7m cars a year, making it second only to Toyota in the global market.

Mr Marchionne met politicians and European officials in Germany yesterday to press the case for the deal.

Financial analysts said a Fiat/GM deal could make sense for both companies but said Fiat would have to reassure governments about any cost-cutting plans.

Business analyst Michael Tyndall, of Nomura International, said: “It’s all very well to say they (Fiat and GM Europe) compete broadly in the same markets with similar platforms and there may be economies of scale. But the broad translation of ‘economies of scale’ is ‘fewer jobs’ and I’m not sure if the Italian or German governments have the appetite for the job losses a merger would entail.”

The motor industry is vital to Merseyside’s economy, employing thousands at car plants and their suppliers, but car sales have plummeted during the recession.

Jaguar Land Rover (JLR), which employs 2,000 people at its Halewood plant building Jaguar X-Type cars and Land Rover Freelander 2 4x4s, has been particularly hard hit as demand for premium cars has slowed.

The Daily Post, along with the Liverpool Echo and its sister papers in the West Midlands, is urging the Government to Support JLR by giving it loan guarantees to help it survive the recession.


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#315812 - 5th May 2009 2:08pm Re: Fiat plans Vauxhall takeover [Re: ]
StuyMac Offline

Wiki Master

Registered: 24th Nov 2003
Posts: 12002
Loc: Wirralshire
I dont know whats worse a Vauxhall with Vauxhall build quality, or a Vauxhall with Fiat build quality raftl

What If There Were No Hypothetical Questions?

#318508 - 13th May 2009 5:01pm Re: Fiat plans Vauxhall takeover [Re: StuyMac]

Ellesmere Port union bosses see Fiat Vauxhall axe plans

UNIONS today confirmed they have seen Fiat documents suggesting Vauxhall's UK plants will close by 2016.

The plan – dubbed Operation Football – would cost 2,000 jobs at Ellesmere Port. But the Italian car giant said it has already moved on to a new scheme.

The News came as it emerged General Motors Europe, which includes Vauxhall, could have a new owner before the end of this month.

British unions are liaising with European counterparts to fight front runner Fiat amid fears the plant’s popular Astra could lose out to similar Fiat models in any buyout.

Fiat chief executive Sergio Marchionne is confident he can clinch the deal saying earlier this month: “This will be done in May.”

But unions across Europe oppose Fiat’s plans claiming they could cost up to 20,000 jobs in plant closures, including the UK’s two sites in Ellesmere Port and Luton which employ 5,000 staff.

German trade unions are believed to have copies of Project Football, the proposal for a merged Fiat/GM Europe/Chrysler group that outlines plans to shut the UK plants.

Fiat said they have now been shelved for “Project Phoenix.”

Ellesmere Port union convener John Fetherstone said he saw the Project Football proposals and believes the future of Vauxhall in the UK is still in serious jeopardy.

While he does not believe Fiat has a final plan the version he did see “doesn’t include Ellesmere Port.”

He said: “We have seen paperwork for Project Football – German unions have got the plans – and it is in the background. There are no benefits from Fiat ownership”

US parent group General Motors (GM) is desperate to offload its European division as it struggles to reorganise itself ahead of a June 1 deadline set by President Barack Obama’s government.



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