Investing.com investing.com 05 Jan, 2021 12:15 am

UK union calls for new car investment at PSA's Vauxhall factory after Brexit deal By Reuters

UK union calls for new car investment at PSA's Vauxhall factory after Brexit deal By Reuters
UK union calls for new car investment at PSA's Vauxhall factory after Brexit deal

File photograph shows new Vauxhall cars standing outside the company's factory in Ellesmere Port, northern England LONDON (Reuters) - Britain's biggest trade union Unite called on Tuesday for French automaker PSA to build electrified vehicles at its Vauxhall/Opel car factory in England after post-Brexit trading terms were finalised.Peugeot (OTC: PUGOY ) parent company PSA bought Opel, which trades as Vauxhall in Britain, in 2017, and said in 2019 that future investment in the northern English Ellesmere Port plant would depend on the final terms of Britain's exit from the EU."We call upon PSA to look at a longer term plan to build electrified vehicles at both Luton and Ellesmere Port with future regulatory and legislative changes in mind," said Unite national officer for automotive industries Des Quinn."At Ellesmere Port, it is also now time for our members to be rewarded for their ongoing commitment and having met all cost requirements to be awarded new product – currently, it is the only plant in Europe not to have been.

Futures Edge Higher; Georgia Senate Runoff in Focus p By Peter Nurse Investing.stock index futures inched higher on Tuesday following Wall Street's grim start to the year as investors looked to twin Senate runoff elections in.

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