January 11, 2018 / 3:50 PM / 2 months ago

Peugeot UK Vauxhall plant's future 'inextricably linked' to sales, says new boss

LONDON (Reuters) - The new boss of Peugeot’s (PEUP.PA) British Vauxhall brand said the future of the carmaker’s Ellesmere Port plant, where a third of the workforce is being cut, is closely linked to Opel-Vauxhall’s sales performance.

“The two are inextricably linked,” Stephen Norman, who takes over as Vauxhall managing director on Feb. 1, told reporters on Thursday.

    “If we manage to make a radical improvement in Vauxhall’s fortunes in the UK and my future colleagues in Opel across the continent do the same in their markets, particularly in Germany, then there will be a requirement not only for every possible unit of production that we’ve got but maybe even more besides,” he said.

    Sales in Britain, traditionally Opel-Vauxhall’s biggest market, fell 22 percent in 2017, compared with an overall market decline of 5.7 percent, according to industry data.

    Reporting by Costas Pitas; editing by Stephen Addison

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