Government announces funding for General Motors Europe

Author (Corporate)
Series Title
Series Details 12.3.10
Publication Date 12/03/2010
Content Type

The UK Business Secretary, Lord Mandelson, on 12 March 2010, announced a €300 million (£270m) loan guarantee to GM Europe, which will help secure the company’s operations in Britain and the rest of Europe. The guarantee will be provided under the Government’s Automotive Assistance Programme. The British loan guarantee will be provided alongside extra support from GM in the United States and support from other European governments.

Source Link http://nds.coi.gov.uk/content/Detail.aspx?ReleaseID=412142&NewsAreaID=2
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