A european car colossus in the making. Frances Peugeot Citroen is poised to buy General Motors european business, including the opel and vauxhall brands. Chinas premier cuts the Economic Growth target for this year. We look at the risks to the worlds second largest economy. Welcome to World Business report, im sally bundock. Also in the programme Deutsche Bank plans to raise billions of euros in a share sale. Details in a moment. General motors is set to announce a deal to sell opel and vauxhall to psa group, the French Company that owns peugeot and citroen. Both companies are hosting a Press Conference in paris later this morning. Buying gms Loss Making European Operations will make psa the continents second biggest car maker, after volkswagen and ahead of french rival renault, and it will be a giant. Last year psa and gm europe sold a combined a5 million vehicles, and posted revenues of 71. 6 billion euro. But the deal has already raised fears in the uk the jobs of 4,500 workers at v
All this week on breakfast were looking at what it means for your generation. To we are focusing on the millennial is, those born in the 805 and 905. I have come here to aberdeen to see what these workers want for the economy. In sport, double gold for laura muir as she adds the 3000 metre title to her 1500 metre win at the european indoor athletics championships. Pollution is not a joke is the message from students at this Primary School. We are talking today about Cars Idling Outside Schools and the damage it does. And carol has the weather for us this morning. Good morning. Actually start, some have frost, but for many it will be sunshine with some showers. Rain across the south, blustery here, and snow would hide. I will have more details of about 15 minutes. Good morning. First, our main story. Theres uncertainty for thousands of british car workers as a deal that will see vauxhall sold to the french owners of peugeot and citroen, is expected to be announced within the next hour.
Light devices responsible for destroying your childs sleep . Well hear how Hospital Attendances in england for children under 1a with Sleep Disorders have tripled in ten years. I end iend up i end up asking her if she wants it because then i can get stuff done. Hello. Welcome to the programme. Were live until 11. Ina in a second we will bring you more on the deal about selling temper macro to the french. And well discuss how police in durham are planning to give free heroin to addicts in a bid to cut drug related crime. Will it work . Do get in touch. There are fears for thousands ofjobs at Vauxhall Plants in the uk this morning. Its after the French Company that owns peugeot and citroen struck a £1. 9 billion deal to buy General Motors european unit, which includes vauxhall. 11,500 workers are employed by the company in luton and Ellesmere Port. The unite union says its priority is to safeguard theirjobs. Our Business Correspondent joe lynam is here. What other worries about jobs . W
Soon after setting sail for dover. And bt sport are to pay £1. 2 billion to carry on showing the Champions League and Europa League until 2021. The new deal ends the Highlights Shows On Terrestrial Tv. Good morning. Welcome to bbc Newsroom Live. The uk factories at Ellesmere Port and luton employee. The new owners met government and unions last week and provided insurance that existing Production Commitments would be honoured at Ellesmere Port until 2020 and luton for some years beyond that but the combined company will have 2a factories in europe and some say that is too many. Its one of the biggest deals in the car making sector. British and german Brands Vauxhall and opel are to merge with the french brands peugeot and citroen. Together they will make a company which is the second largest automotive player in europe. Today, the bosses of General Motors and psa welcomed the £1. 9 billion deal and stressed their commitments to vauxhall and opel at least until 2020. After that it was
People and we took them out. And coming up in the sport on bbc news. The row between Alexis Sanchez and his Arsenal Team Mates that leaves the players future at the club increasingly uncertain. Good afternoon and welcome to the bbc news at one. There are concerns about the future of more than 4000 people who work at Vauxhall Plants in the uk after the business was bought by a french car company. Psa which already owns peugeot and citroen has agreed a deal to buy vauxhall in britain and 0pel in germany forjust under £2 billion. Vauxhall has two factories in luton and Ellesmere Port and many morejobs rely on the plants. The business secretary, greg clark, says hes cautiously optimistic about their future. 0ur Transport Correspondent Richard Westcott reports. Its a deal to create a european car making giant. Second only to vw in the scale. But big deals can come at a price. Fears the new setup could leave thousands of uk jobs vulnerable. The new boss sought to calm nerves. I trust my vau