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General Motors set to step back into GM Europe saga

The ongoing row between the UK government, German authorities and other investors in the GM Europe operation looks set to spill over into next week and beyond and is apparently putting the acquisition by Magna group at risk. This is a situation which has now been ongoing for a couple of months but one which many believed had been resolved more than four weeks ago.

Today General Motors, the parent company of GM Europe, suggested that the idea of keeping the operation "in-house" was back on the agenda. The company itself was saved from collapse by the US authorities although one of the elements of the deal was a need to trim back overseas operations and focus upon the US business. However, with the Magna deal more and more at risk there is a feeling that the company may well need to step in and announce the sale is off although what impact this would have on employment numbers at the likes of Vauxhall in the UK is uncertain.

The longer the deal goes unsigned and undelivered the more chance that GM Europe will revert back to type and become a long-term element of General Motors. How this will impact the UK and European car manufacturing industry is a question which many people are asking.

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