Deals
Brexit Puts U.K.'s Vauxhall in Crosshairs After Peugeot Deal
- Push for post-merger savings likely to target U.K. operation
- Brand may be a local icon, but most cars are exported to EU
GM CEO Mary Barra Goes on a Charm Offensive
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In March last year, U.K. Prime Minister David Cameron stood on the assembly line at the Vauxhall Motors car plant in Ellesmere Port near Liverpool and warned that the factory was exactly the kind of success story that could be killed off by a vote to leave the European Union.
Less than 12 months on, Cameron is out of a job, his successor Theresa May is preparing a complete split from the EU and Vauxhall’s future is uncertain as owner General Motors Co. mulls the sale of its unprofitable European arm to France’s Peugeot -- a move that may have been triggered by the Brexit vote.