U.K. auto-parts maker Wagon reportedly on brink of collapse | WHAT REALLY HAPPENED


U.K. auto-parts maker Wagon reportedly on brink of collapse

One of the U.K.'s largest car-parts groups, Wagon Automotive, was on the brink of collapse this weekend, according to reports in several newspapers.
Administrators are expected to be appointed within days at Wagon, which employs more than 500 in the U.K.
Only the U.K. operation will be put into administration this week, with the fate of European plants still to be decided, reports said.

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