Vauxhall and Opel, the European operations of General Motors, have withdrawn applications for government loans citing complications and delays.
It says the 1.8bn euros £1.5bn of aid was still needed, but said that despite months of negotiations, the process has been “much more complex and longer than anticipated”. Germany has rejected a request for state aid and following the election, the new UK government had put loan guarantees under review. In March, shortly before…
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