UK govt fails to agree deal with Magna over GM

By IBTimes Staff Reporter | October 09 2009 1:18 PM

LONDON - The British government said that talks with unions and Canadian automotive company Magna over the future of carmaker Vauxhall/Opel had failed to reach agreement.

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We have not yet reached a conclusion which is acceptable to either the union or the government, said a spokesperson for the government's business department after talks involving Business Secretary Peter Mandelson.

Talks will continue over the coming days, it added.

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