LONDON: Britain has offered Peugeot manufacturer PSA Group assurances on post-Brexit trade and supply chains in an attempt to protect Vauxhall car plants after a possible takeover, the Financial Times reported on Saturday.
Business minister Greg Clark met French politicians and PSA executives in Paris on Thursday to discuss their plan to buy General Motors’ European unit, Opel, which include Vauxhall plants in Britain.
The talks have set political alarm bells ringing in Britain and Germany, where there are fears that a sale to the French company could lead to heavy job losses.
Clark said on Friday, after the meeting, that PSA executives had “stressed that they valued highly the enduring strength of the Vauxhall brand, underpinned by its committed workforce”.
The FT reported on Saturday, citing a person with knowledge of the meeting, that Clark had also made commitments similar to those he gave Nissan last year before it announced it would build two new models in Britain.
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