GKN and Melrose bosses give evidence to MPspublished at 11:04 Greenwich Mean Time 6 March 2018
BBC Business News
GKN chief executive Anne Stevens is giving evidence before MPs on the Business Committee who want to find out more about a possible takeover by Melrose.
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She makes some interesting comments about GKN's problems last year when it was forced to issue a profit warning after difficulties at its aerospace plant in North America.
She said that due to cost cutting, GKN's North American plant had been "destabilised" and produced products that could not be shipped. Those products were kept, but the company was "over-optimistic" that those products could be reworked and shipped to customers.
The person in charge of that operation "is no longer with the company", Ms Stevens