Magna team plans Vauxhall visit

Magna International, which is heading a consortium set to buy control of General Motors’ European operations, will tour the unit’s two UK plants today, the companies confirmed on Monday.

The UK government is expected to provide some of the loan guarantees needed to fund the Opel spin-off

The visit by the Canadian company’s due diligence team to the Vauxhall plants comes at a time of heightened anxiety about car plant closures in Britain, where all the major automakers are foreign-owned.