Page last updated at 16:44 GMT, Friday, 29 May 2009 17:44 UK

Mandelson sees 'positive' GM deal

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Business Secretary Lord Mandelson has said that sale of GM Europe, including the Vauxhall car brand, would save jobs in the UK.

Under the agreement Canadian car parts maker Magna International would be the principle shareholder, whilst GM would retain a 35% stake.

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