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Realistbear

Gm Plant Ellesmere Port May Be At Risk As Gordo Intervenes

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http://www.telegraph.co.uk/money/main.jhtm.../ixcitytop.html

Vauxhall union has talks with Brown

By Christopher Hope, Industry Editor (Filed: 04/05/2006)

Union bosses have held meetings with Gordon Brown, the Chancellor of the Exchequer, to discuss the future of Vauxhall's Astra plant at Ellesmere Port on Merseyside.
Unions are still reeling from Peugeot's announcement that it plans to shut its Ryton plant, near Coventry, making it the third major closure in the Midlands in three years after MG Rover collapsed in 2005 year and Jaguar stopped making cars at its Browns Lane factory in 2004.
It is understood that the union is keen to ensure that the Government can offer more public money so that Vauxhall, owned by General Motors, builds the next generation Astra there
.
GM is due to make a decision in the middle of next year. The Astra is built at four factories, including Ellesmere Port and Bochum in Germany. There were reports in late March that GM might close a plant in Europe when it launches the next Astra.

The question is whether Gordon will bail GM out to save thousands of jobs? The trend is against him as manufacturers pack up and leave for less expensive business environments outside the UK.

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Any Government subsidy will only delay the inevitable for a few years.

Still, the political mind thinks short timescales in many situations.

Yet the Prime Minister says, "That's Globalisation and we have to learn to live with it".

Vote buying may apply though.

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Any Government subsidy will only delay the inevitable for a few years.

Still, the political mind thinks short timescales in many situations.

Yet the Prime Minister says, "That's Globalisation and we have to learn to live with it".

Vote buying may apply though.

Didn't the government give a bridging loan to Rover just to keep them alive through the election? So their choices seem to be either to keep things looking rosy just for today, or to keep it alive for years.

Billy Shears

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Again, like the Honda thread yesterday, isn't this a case of a car maker getting it wrong? I have not heard much praise about the latest Astra and it usually trails in comparissions with others in its class such as the Golg, Focus, etc. I don't see many on the road and it has been out, unlike the new Civic, for a year or so now.

Perhaps it is also to do with people moving away from small hatches to MPVs?

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Another car related job loss may be brewing:

http://www.belfasttelegraph.co.uk/news/bus...sp?story=689681

Belfast Telegraph Home > News > Business

250 jobs at risk in west Belfast factory

By Andrea Clements

04 May 2006

Fears were raised today for the jobs of the 250 employees at the troubled Visteon car components plant in west Belfast.
The US-owned company said the plant, at Finaghy Road North, was in "a difficult financial position".

As manufacturing continues to haemorage jobs throughout the UK the effects will be felt and Gordon may have to admit that the Miracle Econmy was good for HPI and MEW but bad news for the rest of the economy. The currency markets have repeatedly said that the pound has been kept afloat by the property markety and people's ability to borrow. Well their ability to borrow when unemployed may begin to change things faster than Gordon would have liked.

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  • 342 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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