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Business / World Business

Peugeot is committed to UK plants

Published: 25 Feb 2017 - 12:11 am | Last Updated: 17 Nov 2021 - 02:18 pm

Reuters

London:  Britain's business minister Greg Clark said he discussed with the chief executive of Peugeot the firm's approach to expand production, rather than close plants, as the French carmaker explores taking over GM's Vauxhall and Opel brands in Europe.
Clark met PSA's Carlos Tavares in London yesterday as concerns mounted about the future of jobs and production at Britain's two Vauxhall plants.
"We discussed how PSA's approach is to increase market share and expand production rather than close plants. I was assured that the commitments to the plants would be honoured," Clark said in a statement. "There was also recognition that members of the Vauxhall pension fund will be no worse off."
A couple of days ago Prime Minister Theresa May spoke about the government's continued commitment to support the car industry in UK.