batting for our british plants and making certain that peugeot are committed to us.he former french prime minister alain juppe has announced that he will not stand in next month's presidential election. britain's most senior counter—terrorism officer says 13 potential attacks have been prevented in the past four years. councillors in cumbria are to decide whether to issue a new licence for south lakes zoo, where nearly 500 animals have died in four years. also, ceremonies are being held in the uk and belgium on the 30th anniversary of the zeebrugge ferry disaster. 193 people died when the vessel capsized off the belgian coast, 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

peugeot's boss carlos tava res has plants?tavares has promised to honour existing production guarantees. but today he said that after that workers' futures were in their own hands. i trust my vauxhall employees in the uk. i trust them. i know that they are skilled. i know that they are dedicated. i know that they are committed and i trust that they will be in committed and i trust that they will beina committed and i trust that they will be in a very good situation by working in a constructive and open manner and as long as we improve the performance and become the best there is no risk they should fear. here at ellesmere port the vauxhall astra has been rolling off the production line since the 1980s. but to secure its future unions know that the owners must commit to a new vehicle from the plant in the coming year. if they want to sell cars in the united kingdom they will have to build cars in the united kingdom, thatis build cars in the united kingdom, that is unite's position and we will fight tooth and nail to ensure that

peugeot is the biggest gainer followed by lafarge.ooking at this in the sense of index points and not in the sense of percentage gainers and losers. the top of the losers very soon. here credit suisse group and it will be joined, you know, let me refresh this and see if deutsche bank pop that up. it has. 6.25% right now, taking .8 of a point. deutsche bank is going to start to weigh on the stoxx 600 index. remember how much it has shrunk since its heyday. it is not as much of a heady hit -- heavy hitter as it once was. guy: this is a business that will have a large issuance that is going to be diluted. we do not know what the discounts attached to it are ultimately going to be, so a number of things amaga to try to figure out right now, but there are big questions surrounding the business, which i think we are all really looking forward to hearing about and we hear from john cryan very shortly. year-over-year growth expected to be 1.7%. executive quarters of growth. workforce solutions. we are joined by the company's ceo. good morning

peugeot are saying they are committed to britain.mmitted to britain, they will invest in the component chain in our country. even after a ha rd component chain in our country. even after a hard brexit. peugeot even if they played however, they could get if few sweeteners. nissan did. that is what they are hoping for. people are optimistic, but that is concerned about what happen after 2021 when they decide about where the new generation of cards will be manufactured. also, ithink the new generation of cards will be manufactured. also, i think what tim said is right about the car manufacturing industry, because these companies like facebook, the big trendy tech companies, they don‘t like they are comfortable here, but there is a political message the government will want to get out these blue—collarjobs, the manufacturing jobs they are saying we will try to be a country that build things again, it is perverted back control. it will a shiver across the country if it looks like some of these manufacturing jobs are at risk. they will do

psa own peugeot and citroen. returning to cars — car sales registered their first february fall in six years, according to new monthly data from society of motor manufacturers and traders. analysts predict that the market could be feeling the pinch from early signs of a consumer spending slowdown in the british economy. february is typically one of the quietest months of the year for the car market. fund managers aberdeen asset management and standard life have agreed terms for an all—share merger. now, fund managers are individuals or companies that mange money on behalf of others. the merger of these two will create one of the uk's largest fund managers, overseeing assets worth £660 billion. the two companies employ about 9,000 people. the companies said the deal was subject to a number of conditions, including shareholder approval. our scotland business editor douglas fraser is at douglas fraser was at the standard life headquarters earlier today. this morning, confirmation of the proposed deal which is being

france's peugeot—citroen is buying general motors‘ european business, including the opel and vauxhallnds, for $2.3 billion. live from london, that's our top story on monday 6 march. two car giants come together but is today's deal a sign of things to come for the european autos industry? what does it mean forjobs and the choice of vehicles on the road? we will be getting an expert view. also in the programme... china's premier cuts the economic growth target for this year. we look at the risks to the world's second largest economy. and the european trading week has begun. all the main markets are headed south. in germany, deutsche bank shares are pulling down that market. battle of the bands! we'll speak to the boss of a company bringing the likes of hozier and bastille straight to your living room. today we want to know, as more car brands consolidate, does it matter which badges on the back of your car? is there enough choice in the car? is there enough choice in the car market? let us know. just use the hashtag bbcbizlive. welcome to the programme. do get in touch with your thought

for peugeot and psa, they definitely want to be a bigger player in europe. volkswagen in europe. so there is a lot at stake. more than jobs and security as well, the question of pensions? yes, a really important issue actually. because these are very old companies and they had very generous pension schemes. there is an estimate that there could be a pensions black hole or shortfall of 10 billion euros. that is mostly on the 0pel side, which is a german company. but also about £1 billion on the vauxhall side here in the uk. so we don't know how they square that circle. has psa agreed to take on all 10 billion euros? i doubt it. or is this just a heads up agreement, ie, we have agreed to annotate this, that and the other and we will revisit in coming months. that has to be negotiated. make no doubt about it, a giant pensions black hole of 10 billion euros would be too much for psa to swallow. mercedes—benz is to recall around one million cars because they're at risk of catching fire. it's because of a fault found within newer models which can cause them to ove

batting for our british plants and making certain that peugeot are committed to us.he most exciting places for innovation and research a new technology. the future of the motor industry is britain is bright -- is motor industry is britain is bright —— is bright in britain, and we will do everything we can to make sure it continues to be so. but the new group boss wants to cut costs. £1.5 billion worth. and soon. almost certainly he's going to have to close plants. he has too many, running at underca pacity. plants use huge amounts of money unless they are really operating at least 85% capacity and the average of his plants now is closer to 70% so he has got to make hard decisions and he has made it clear he will make the bulk of them by around 2020, 2021. vauxhall‘s uk future relies on a strong post brexit trade deal. most of these vehicles go to europe. and most of the components come from europe. a good deal will leave the uk better off. any new tariffs or red tape could make it harder to compete. richard wescott, bbc news. at shift changeover a couple of hours ago

psa own peugeot and citroen.d standard life have agreed the terms for a merger. the move will create one of the uk's largest fund managers, overseeing assets worth £660 billion. and returning to cars, car sales registered their first february fall in six years according to new monthly data from society of motor manufacturers and traders. analysts predict that the market could be feeling the pinch from early signs of a consumer spending slowdown in the british economy. february is typically one of the quietest months of the year for the car market. the french company that owns peugeot and citroen has struck a £1.9bn deal to buy general motors' european unit, including vauxhall. the group's chief executive carlos tavares said that the future of vauxhall workers in the uk would depend on their performance. well general motors is an american company, joining me now from the new york stock exchange is michelle fleury. michelle, do you think gm will be pleased to have psa off their books? we're going to go to a clip no

and the french government which partially own psa peugeot will not wa nt to partially own psa peugeotench plants and angela merkel the german chancellor, the big beast of the eu, she will call in absolutely every favour to protect german plants. the issue is whatever the economic arguments, politically will we have lost our leverage, will be have lost our muscle to protect those plants post brexit? president trump is expected to sign a new travel ban today to prevent temporarily citizens from six predominantly muslim countries entering the united states. but iraq has been left off the original list after his controversial first attempt was blocked by the courts. and it's thought it also won't apply to green card holders. 0ur correspondent gary 0'donoghue is in washington. he is expected to announce this today. you wonder what could stop this also ended up in the courts.” think it is pretty inevitable it will end up in the courts whatever he says today because the liberal groups and people who oppose him are going to challenge this in a sense whatever he says. but we are expecting, no

batting for our british plants and making certain that peugeot are committed to us.ions i and the prime minister have had both with gm and psa tell me that they intend to safeguard the plants, honour their commitments, and look to increase the performance and the sales of cars. so we want to hold them to those commitments but the message that we have had lead me to be cautiously optimistic. but the new group boss wants to cut costs. £1.5 billion worth. and soon. almost certainly he's going to have to close plants. he has too many, running at underca pacity. plants use huge amounts of money unless they are really operating at least 85% capacity and the average of his plants now is closer to 70% so he has got to make hard decisions and he has made it clear he will make the bulk of them by around 2020, 2021. vauxhall‘s uk future relies on a strong post brexit trade deal. most of these vehicles go to europe. and most of the components come from europe. a good deal will leave the uk better off. any new tariffs or red tape could make it harder to compete. richard wescott,

the workers here may have new bosses from monday, when it is likely that the company which makes peugeot has bought vauxhall and 0pel. but with too many factories in europe and not enough demand, psa is likely to have a long, hard look at which plants to keep open. and that puts vauxhall under the microscope. vauxhall employs just under 2000 staff and its ellesmere port plant, which makes astras. it van—making factory in luton employees moo people, with around 18,000 jobs dependent on vauxhall throughout the uk. in all, vauxhall makes just under 200,000 cars a year, in the short—term we will see the ellesmere port plant staying open till 2021. you can't change things that quickly in the car industry. in the longer term it's very bad news for vauxhall manufacturing in the uk. it presents a lot of issues, psa has capacity to build more cars in its own plants. it doesn't need these plants in britain. 0f its own plants. it doesn't need these plants in britain. of course, there are obstacles in the way with currency fluctuations, the problems posed by brexit i freedom of movement, freedom of

but the workers here may have new bosses from monday when it is likely the company that makes peugeotbought vauxhall and 0pel. but with too many factories in europe and not enough demand, psa is likely to have a look at which plants to keep open and that puts vauxhall under the microscope. it employs just under 2,000 staff at ellesmere. they make astras. the whole plant is really worried. it will affect a lot of jobs in the area in ellesmere port. there is nothing here if vauxhall goes. it's really bad, mate. its van making factory in luton employs 1,400 people. i'm optimistic about the plant in luton, but the prospect of car manufacturing in uk will come down to the kind of deal we get out of brexit. in all, vauxhall makes just under 200,000 cars a year. psa has the capacity to build more cars in its own plants. it does not need these plants in britain and there are obstacles in the way with currency fluctuations and problems posed by brexit with freedom of movement of people and parts as well. the government says it is cautiously optimistic it will be able to limit the job losses as

france's peugeot citroen is poised to buy general motors‘ european business, including the opel and vauxhallnds. china's premier cuts the economic

the french carmaker, which owns peugeot and citroen, is reported to have reached an agreement to buy an official announcement is due on monday, but talk of a deal has raised concerns about the future of vauxhall‘s two uk factories at luton and ellesmere port. more than 4,000 people are employed across the two sites. our business correspondent, joe lynam, reports. this vauxhall plant is one of the more efficient car—making factories in the world. 66% of the vehicles made here are exported, mostly to europe. but the workers here may have new bosses from monday, when it's likely that the company which makes peugeot cars, psa, confirms it's bought vauxhall and 0pel. but with too many factories in europe and not enough demand, psa is likely to have a long, hard look at which plants to keep open and that puts vauxhall under the microscope. vauxhall employs just under 2,000 staff in its ellesmere port plants which make astras. the whole area, the whole plant's really worried. because it's going to affect a lot of jobs in the area in ellesmere port. there's nothing here, is there, if vauxhal

the french car—maker which owns peugeot and citroen has reportedly reached an agreement to buy vauxhallthe deal could raise concerns about the future of vauxhall‘s two uk factories which employ more than 4,000 people. an official announcement is expected on monday. our business correspondent joe lynam reports. this vauxhall plant is one of the more efficient car—making factories in europe. 82% of the astras made here are exported, mostly to europe. but the workers here may have new bosses from monday, when it is likely that the company which makes peugeot cars, psa, confirms that it has bought vauxhall and 0pel. but with too many factories in europe and not enough demand, psa is likely to have a long, hard look at which plants to keep open. and that puts vauxhall under the microscope. vauxhall employs just under 2000 staff and its ellesmere port plant, which makes astras. it van—making factory in luton employees moo people, with around 18,000 jobs dependent on vauxhall throughout the uk. in all, vauxhall makes just under 200,000 cars a year, and vauxhall is not the only british—based ca

psa already owns peugeot and citroen.r attacks since june 2013, the uk's most senior counter—terrorism police officer has revealed. assistant commissioner mark rowley also said there were 500 live counter—terror investigations at any time. he disclosed the figures as he launched an appeal that aims to get members of the public to report any suspicious behaviour. he will actually be here in this year later to give us more details. —— in the studio. north korea has fired four missiles, three of which landed less than 200 miles from the north—west coast of japan. the missiles appear to have been launched from a remote military base close to china. south korea's acting president has called it a serious provocation and a direct challenge to the globe. talks are beginning in belfast today aimed at forming a new power—sharing government. the two largest parties, the democratic unionists and sinn fein, are still divided over a botched green energy scheme that led to the collapse of their previous administration. sinn fein say the

pla nts fears for the future of vauxhall plants in britain after a french car company that produces peugeotehicles reportedly reached a deal to buy general motors‘ european operations. a house of lords report says britain is not be legally obliged to make a final budget payment to the eu after brexit. also in the next hour. thousands of people march in london to demonstrate over nhs cuts. protestors have travelled from across the country. jeremy corbyn is expected to address the crowd. our nhs is in crisis because of the lack of funding in social care with many not getting the care and support they need, those waiting on trolleys. good afternoon and welcome to bbc news. sinn fein are celebrating their best ever showing in elections to the northern ireland assembly. with all the votes counted, they‘ve won 27 seats, just one behind the democratic unionists. sinn fein‘s president, gerry adams, has described the result as "an end to the old status quo". the two parties now have three weeks to try to agree a new power—sharing coalition. from belfast, chris buckler reports. the battle between uni

psa, which already owns peugeot and citroen, has agreed a deal to buy vauxhall in britain and opel inst under £2 billion. vauxhall has two factories — in luton and ellesmere port. unions say the fight begins now to try safeguard jobs. here's our industry correspondentjohn moylan. vauxhall‘s vast plant at luton, the centre of gm's but soon what happens he will be decided in france. it has many people worried. i myself have been here for 30 years. i looked over when they bought other plans. they did not go as well as people fought them. so we will have to see what happens. it does not sound like a terrible thing for us. it sounds like he is working to keep ourjobs. if he keeps his word, everyone will be happy. the deal would if he keeps his word, everyone will be happy. the dealwould make if he keeps his word, everyone will be happy. the deal would make them the biggest carmaker in europe after va u lts the biggest carmaker in europe after vaults bargain. across europe, the psa group has 14 production sites with 49,000 psa group has 14 production sites with 19,000 workers. it is buying

france's peugeot citroen is poised to buy general motors‘ european business, including the opel and vauxhallnds. china's premier cuts the economic growth target for this year. we look at the risks to the world's second—largest economy. welcome to world business report, i'm 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 gm's loss—making european operations will make psa the continent's 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 vauxhall‘s plants could be under threat. in germany, where two thirds of 0pel‘s 38,000 staff are based, the government has been seeking reassuran

but the workers here may have new bosses from monday when it is likely the company that makes peugeots to keep open and that puts foxhole under the microscope. it employs just over 2000 staff at ellesmere. they make astras. it employs just over 2000 staff at ellesmere. they make astrasm it employs just over 2000 staff at ellesmere. they make astras. it will affect a lot of jobs ellesmere. they make astras. it will affect a lot ofjobs in the area in ellesmere port. there is nothing here is vauxhall close. it is really bad news. its van making factory in luton employs 1400 people.” bad news. its van making factory in luton employs 1400 people. i am optimistic about the plant in luton, but the prospect of car manufacturing in uk will come down to the kind of deal we get out brexit. in all, vauxhall makesjust under 200,000 cars a year. ps a has the capacity to build more cars, it does not need these plans in britain and there are obstacles in the way with currency fluctuations and problems posed by brexit with freedom of movement of people and parts as well. the government says it is caut

it could leave peugeot citroen with overca pacity leave peugeot citroen with overcapacity in europe and. simon jack is at the motor show and had the chance to raise the issue with the chance to raise the issue with the man who will be taking the decisions. it is fair to recognise that a big part of the turnaround has already been implement it successfully by the opel vauxhall tea m successfully by the opel vauxhall team with the help of our company, this work is significant but some has already been done. that could have been achieved last year had not the brexit happened and the consequences on the pound. what we have to do now is to complete the turnaround, consolidate the turnaround, consolidate the turnaround of opel—vauc vauxhall and bring the operating profit margin to an appropriate level for this company to be able to generate recurrent positive cash flow. everyone agrees there is overca pacity everyone agrees there is overcapacity in the european market meaning you have to take out cost and eventually if you are honest jobs and plants must go. my answer is much more honest than

they are the maker of citron cars -- >> go back to the first one, peugeot. peugeot. acquisition of opel propels it into second place in europe. this is behind volkswagen. the deal completes gm's exit from europe. >>> meantime, breaking news on the banking front, as we already mentioned, deutsche bank announcing an $8.5 billion capital increase. shares dropping on the news. the ceo telling cnbc it was the right time to go to mark. >> we were listening to some feedback from the market where there was still concerns, which were to some extent shared by our clients and our counterparts, that we still didn't have enough capital. >> deutsche bank also announcing changes to its executive team, naming two co-deputy ceos to work alongside cryan. they will also list a stake in their asset business. the firm also decided to scrap the sale of its bank unit and integrate it into its german retail group. we've mentioned this already, down 6.5%, but perhaps not as bad as some had thought. >>> now to news out of asia. china kicked off its annual meeting at parliament. the chinese pr

batting for our british plants and making certain that peugeot are committed to us.

reporter: peugeot had more reasons to celebrate on monday. their car was named car was named carl the year by european motoring journalist. kate: on the minds of many carmakers in geneva, brexit and donald trump's proposed import taxes and how they could affect their business. be good news for workers at its newly acquired brand. the head of marketing and sales of bmw said his firm is concerned about the rise of protectionism but is prepared to deal with possible changes in u.s. policy. >> we are obviously looking at the situation there and we are a clear advocate of free trade around the world. the largestct exporter of automotive vehicles from the united states. we export around $10 billion our planty year from in south carolina. that tells you that our footprint there is very strong, and we want to continue to work in that way. kate: the trump administration is facing fresh controversy in his ties to exxon mobil. manufacturing would create 45,000 jobs in u.s. states around the gulf of mexico. the white house quickly released its own statem

reports from france suggest the owner of peugeot and citroen has reached an agreement to buy vauxhalln subject to three weeks of talks, but there are concerns about what it could mean for the thousands of vauxhall employees in the uk. andy moore reports. vauxhall builds the vivaro van at luton. around 70,000 rolled off the production line last year. and at elsemere port about 120,000 vauxhall astras are built every year. as well as those employed directly by gm, thousands more work in the supply chain. there are also 15,000 people in the pension scheme, one of the uk's largest. they have already been told that they will be no worse off under the new deal. the good news is that the psa group, which owns peugeot and citroen, has promised not to cut anyjobs in the uk before 2020, and the future after that is uncertain. psa's boss carlo tavares has already had talks on the phone with the pm theresa may. there were reassuring words but no promises were made. vauxhall is set to become the second—biggest carmaker after vw. french government has a 14% in this and there are fears french jobs w

are fears for the future of vauxhall plants in britain after a french car company — which produces peugeotles — reportedly reaches a deal to buy general motors‘ european operations. britain is not be legally obliged to make a final budget payment to the eu after brexit, according to a house of lords committee. downing street has described the report as a "significant contribution". thousands of people are marching in london to demonstrate over nhs cuts. protestors have travelled from across the country and jeremy corbyn is expected to address the crowd. now on bbc news, click. this week: smoking streets, burning fruit and keeping our cool as we go live in virtual reality. we are about to put a whole new spin on the world of mobiles. we are at the mobile world congress in barcelona, the big show devoted to phones, tablets and all things mobile. we are a bit behind schedule, but we are going to get there. although, if we look a bit distracted it's because we are preparing for a rather audacious experiment. it is not that we are not interested in the floating displays, connected bus stops, fl

the buyer is a french firm, psa, which owns peugeot.promised to return vauxhall to profit but workers are concerned to secure theirjobs will be especially after leaving the european union. that the company will honour the agreement they have with the vauxhall workforce. that vauxhall pensions will be in at least as good a position as they are today. that the treatment of the uk division will be equal to those of other countries within the vauxhall group. that the identity of vauxhall will continue to be distinct and prominent. that the strategy of the new company be one of the building on existing strengthss and not closures. —— strengths and committments. although i welcome the promise to one of existing contracts, i am deeply concerned about the 40,000 currently employed in luton and in the wider supply chain who will be worried about the future of theirjobs today. can be secretary of state confirm what assurances he has personally received of the future of vauxhall's plants and the wider uk workforce beyond existing contracts? can th

and peugeot buys the failing arm of gm motors. what happens tojobs in the uk? it has taken the white house above to produce its new revised travel order. this one will come into play in ten days and wouldn't wean a temporary freeze on visas from people travelling from these six predominantly muslim countries. it also places a 120 day freeze on refugee arrivals. iraq has been removed from the list. syrian refugees, green card holders and visa holders are exempt. 0n the decision to exempt iraq, here is rex tillerson. iraq is an important ally in the fight to defeat isis, with their brave soldiers fighting in close co—ordination with america's men and women in uniform. this intense review over the past month identified multiple security measures that the state department and the government of iraq will be implementing to achieve our shared objective of preventing those with criminal or terrorist intent from reaching the united states. the previous executive order was struck down by the courts, butjeff sessions said that both that version and today's revised order

france's peugeot citroen is poised to buy general motors‘ european business, including the 0pel and vauxhallrands. china's premier cuts the economic growth target for this year. we look at the risks to the world's second largest economy. north korea has fired four ballistic missiles into the sea off japan's north—western coast. the south korean military said the projectiles were launched from a missile base in tongchang—ri — near the border with china, and had flown about 1,000 kilometres. the japanese prime minister, shinzo abe, said the ballistic missiles had been launched almost simultaneously, with three of them landing in waters which are part ofjapan‘s exclusive economic zone. 0ur south korea correspondent steve evans has more. he north korea has got several reasons for launching missiles in this way. there is a ritual that plays out that this kind of year. south korea and the us are currently engaged in big military exercises. north korea finds that very displeasing. it says it is a rehearsal for displeasing. it says it is a rehearsalfor invasion. north korea also makes much on parade

uncertainty for car production in britain, as peugeot—citroen takes over vauxhall. many of my constituents are really concerned about this because they work at vauxhall in ellesmere port. what can he say to reassure my constituents about the future? particularly given that our employment laws make it easier to sack workers in the uk, compared to those who work in france and germany. the reason that we have a successful record in this country is that our car plants and their workforces are highly efficient, and we shouldn't forget that. i can't help but feel that the minister is being little bit complacent. 76% of ellesmere port production goes as export, much of that is left—hand drive for europe. would it really makes sense for peugeot to continue left—hand drive production outside the eu and not in poland or germany? high heels generating high feelings. the sending home of a female receptionist because she wore flat shoes to work prompts an online petition and then a debate in parliament. some women will choose to wear high heels of their own volition, and i will

uncertainty for car production in britain, as peugeot—citroen takes over vauxhall.ame. many of my constituents are really concerned about this because they work at vauxhall in ellesmere port. what can he say to reassure my constituents about the future ? particularly given that our employment laws make it easier to sack workers in the uk, compared to those who work in france and germany. the reason that we have a successful record in this country is that our car plants and their workforces are highly efficient, and we shouldn't forget that. i can't help but feel that the minister is being little bit complacent. 76% of ellesmere port production goes as export, much of that is left—hand drive for europe. would it really makes sense for peugeot to continue left—hand drive production outside the eu and not in poland or germany? high heels generating high feelings. the sending home of a female receptionist because she wore flat shoes to work prompts an online petition and then a debate in parliament. some women will choose to wear high heels of their own volition, and i

psa — which already owns peugeot and citroen — has agreed a deal to buy vauxhall in britain and 0pelunder £2 billion. vauxhall has two factories — in luton and ellesmere port. unions say the fight begins now to try to safeguard jobs. here's our industry correspondentjohn moylan. vauxhall‘s vast vehicle plant at luton, for decades a cornerstone of gm's european operations. but soon what happens here will be decided in france. creating uncertainty for thousands of workers. we've all been worried, of course. we're all going to be worried because we've all got families. i myself have been here nearly 30 years. disbelief because no—one really knows what's going on. as again, we haven't been told. do you think you are safe? i believe we are. i don't see the reason to shut it down. earlier in paris, peugeot's boss, carlos tava res, alongside his counterpart from general motors confirmed plans to create a european auto giant, second only to volkswagen. huge cost savings are planned, and we asked him what that will mean for vauxhall‘s workers. i trust my vauxhall employees in the uk, i trust

reports from france suggest the owner of peugeot and citroen has reached an agreement to buy vauxhall subject to three weeks of talks, but there are concerns about what it could mean for the thousands of vauxhall employees in the uk. andy moore reports. vauxhall builds the vivaro van at luton. around 70,000 rolled off the production line last year. and at elsemere port about 120,000 vauxhall astras are built every year. as well as those employed directly by gm, thousands more work in the supply chain. there are also 15,000 people in the pension scheme, one of the uk's largest. they have already been told that they will be no worse off under the new deal. the good news is that the psa group, which owns peugeot and citroen, has promised not to cut anyjobs in the uk before 2020, and the future after that is uncertain. psa's boss carlo tavares has already had talks on the phone with the pm theresa may. there were reassuring words but no promises were made. vauxhall is set to become the second—biggest carmaker after vw. french government has a 14% in this and there are fears french jobs wi

reports from france suggest the owner of peugeot and citroen has reached agreement by vauxhall.p. the new owners have reportedly promised there will be no ukjob cuts reportedly promised there will be no uk job cuts before 2020. the uk may be able to leave the european union without paying a penny — that's the view of a house of lords committee. its report says britain would not be legally obliged to pay a so—called "divorce bill" of billions of pounds. however, they say it might be politically necessary to make some kind of payment. it's been reported that a brexit bill could amount to billions of pounds. companies that use confusing small print to mislead customers face a crackdown in next week's budget. plans include making sure consumers are notified before a payment is taken and simplifying small print. citizens advice says two thirds of people skim through terms and conditions without reading them, meaning they get caught in a "subscription trap" — not realising they may have to pay for a service after a free trial has ended. sir bruce forsyth has reportedly returned home,

yesterday, general motors sold its european businesses to the psa group — that's the company which owns peugeotal highlights the gulf in profitability either side of the atlantic and it's a problem that persists across much of the industry. in 2016, ford announced a profit margin of 9.7% in north america. this compares to just 4.2% in europe. it's a similar story for fiat—chrysler which has profit margins of 7.4% and 2.5% respectively. cars are an important export for many of europe's biggest economies. given that national elections are due to take place in france and germany later this year, european governments will be keen to keep their domestic car industries ticking over. christian stadler is a professor of strategic management at warwick business school, and specialises in the car industry. good morning. given what i havejust said, why is there such a gulf between the profit margin in north america and that seen in europe? two factors. labour cost is higher in europe and there is still quite capacity in the european market which keeps down margins. the issue of currency has played a big p

are fears for the future of vauxhall plants in britain after a french car company which produces peugeotehicles reportedly reaches a deal to buy general motors‘ european operations. hugh jackman returns huthackman returns as wolverine in the marvel blockbuster logan. we will hear more about that in the film review. hello and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are the broadcaster charlie wolf and the chief political commentatorfor the independent, john rentoul. welcome back to both of you. firstly, let us have a look at the front pages. beginning with the observer who says that the uk's river is the watchdog is launching an enquiry into how the data of voters is being used during political campaigns. in sunday telegraph, allegations from president trump that barack obama orchestrated an illegal watergate style phone tapping operation at trump tower. meanwhile, the mail on sunday says that tony blair attended a secret meeting at the white house to discuss working for donald trump asa to discuss working for donald trump as a middle east peace

. —— peugeot and citroen.rce, the second—largest car manufacturer after false lichen. workers are concerned that they keep their factories in vauxhall and luton. news has come out from technology companies in regards to h1b visas. currently come, it companies can pay to have this processed in 18 days. but starting in april, this. for six months. there is a lot on the agenda for this week. as were talking about, the national people's congress is under way in beijing. also, saudi arabia's king is currently on a tour asia. he's been meeting with leaders in indonesia and malaysia and bringing investment deals with them. he will be heading to china and japan as well. as for the daily front, look out for quarterly economic numbers from japan. and i spoke to the chief strategist at complete intelligent. i wanted to ask if he be policies of shinzo abe were still affecting the economy. the problem we are seeing injapan is demand. it is not the money supply side. it is really with demand. and we have been saying output