GFG Alliance wins bid

British group, Liberty Engineering, owned by industrialist Sanjeev Gupta has won its bid to secure the last remaining French manufacturer of aluminium wheels, AR Industries (ARI) and the hundreds of jobs that depend on it. Today’s ruling by the court of administration in Orleans, in the French region of Centre-Val de Loire, means that Liberty – part of the GFG Alliance - can now put in place a comprehensive three-year recovery plan for the ARI site at Châteauroux including investments in advanced manufacturing equipment, improvements in safety and quality standards and growing its customer base. The acquisition marks a further…