Page last updated at 17:41 GMT, Friday, 12 March 2010

Mandelson on Vauxhall and Opel guarantees

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Business Secretary Lord Mandelson has announced a 300m-euro ($412m; £270m) loan guarantee to the European arm of General Motors (GM).

The money will help secure operations at the carmaker's two Vauxhall plants in the UK and those of Opel in Europe.

Lord Mandelson said: "We need Vauxhall to thrive as part of Britain's automotive manufacturing base."

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