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Corporate Business

British Auto Industry Jobs At Risk

The BBC’s Chanel 4 News is reporting that thousands of jobs at two UK car plants could be at risk as a result of a worldwide sales slump. General Motors, the world’s biggest car company which owns Vauxhall, said it will be bankrupt within months unless it gets an emergency cash injection from the US government to help it during the global financial crisis. The firm said it had called off merger talks with Chrysler and was asking the government for help after using up $6.9 billion (£4.4 billion) in the third quarter of 2008. The company employs around 5,000 workers at plants in Luton and Ellesmere Port, Cheshire, which produce around 215,000 vehicles a year. Meanwhile, German car giant BMW announced that production of the Mini was to be curtailed, with workers at plants at Oxford and Swindon told […]