London-United Kingdom agreed to provide $140 million loan to Opel/Vauxhall to help secure the company's operation in the UK and the rest of Europe.
" Vauxhall can be the UK's automotive manufacturing base," said Business Secretary in a statement.
Opel CEO Nick Reilly thanked the UK government for its support on it, saying " today marks an important step for the future of Vauxhall."
Vauxhall has one part in north of London situated at Luton ,two in England and the other in Ellesmere Port in the northwest. There are 4,700 employee.
"The company has been in discussion with the government for many months and it successfully completed," Opel/Vauxhall said in statement.
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