Vauxhall loss
The $16.48m loss registered by the Vauxhall company in Britain during the first six months of this year is the biggest the company has ever faced in such a period, and compares with a profit of sl2m in the first half of last year. The company’s market share has fallen this year, and a monthlong strike has also caused lost production. The company has said that it hopes for better results in the second half of this year, and next year, A new small saloon, in the mini class, is expected to be announced next year. The losses have revived speculation on the length of time the parent comCany, General Motors, will e prepared to go on tolerating the poor results of its British subsidiary. It has previously been suggested that the company might consider consolidating its European manufacturing operations on its German subsidiary, Opel.
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https://paperspast.natlib.govt.nz/newspapers/CHP19740927.2.29.16
Bibliographic details
Press, Volume CXIV, Issue 33650, 27 September 1974, Page 4
Word Count
147Vauxhall loss Press, Volume CXIV, Issue 33650, 27 September 1974, Page 4
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Acknowledgements
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