Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-08-Speech-1-143"
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"en.20100208.15.1-143"2
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"Madam President, may I first say that I have sympathy with the workers in Antwerp, but I would like to point out another couple of issues regarding the EU and General Motors.
Spyker Cars becomes Saab Spyker in a EUR 400 million deal but, make no mistake, this is not a normal commercial deal where one company pays and another company is paid. This is a Commission-style deal which is more suited to a command economy. Spyker pays, but using money from the European Investment Bank. In other words, the European taxpayer pays and the whole deal is underwritten by the Swedish Government. Of course, only the risk is underwritten. General Motors will still take a share of the profits and Saab Spyker will be obliged to buy fully assembled cars from another General Motors plant, one located in that well-known European nation of Mexico.
Why are we saving jobs in Mexico with European taxpayers’ money? Can we not rebody Vectras at the Ellesmere Port plant in my constituency? For that is all Saab has been reduced to.
And it is also common knowledge that General Motors and the European institutions have a special relationship. The European Bank for Reconstruction and Development has pumped over EUR 160 million into General Motors’ operations in Russia and Ukraine, and it owns a 30% equity stake in the General Motors manufacturing plant in St Petersburg.
So I would like to ask the Commission why such extravagant financial support is available to countries such as Ukraine and Mexico but is never available to British companies. Rover could have been saved for a fraction of the price, and jobs probably could have been saved at Rolls Royce in Netherton on Merseyside, in my constituency, but at the moment, General Motors jobs in my constituency in the north-west of England are still at risk and yet the Commission is using my constituents’ tax revenues to secure General Motors jobs in Mexico and Russia."@en1
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