Opel is still uncertain on whether it will receive any financial aid from the German state following yesterday's government committee meeting on the issue.
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A German committee that met on Wednesday on the issue of state help to Opel made progress, the Economy Ministry said, but it was unclear whether it would support the aid request for the General Motors Co. unit.
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General Motors Co. European unit Opel is seeking less aid from Germany than it had previously aimed for, a source familiar with the talks said on Thursday. Opel is now looking for 1.1 billion euros ($1.
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A German committee that met on Wednesday on the issue of state help to Opel made progress, the Economy Ministry said, but it was unclear whether it would support the aid request for the General Motors Co. unit.
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The German government's loan guarantee committee was meeting Wednesday to discuss Opel's request for 1.5 billion euros ($1.
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Opel/Vauxhall expects to get by the end of May a final response from the German government to its request for aid, initially amounting to 1.5 billion euros ($2 billion).
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Opel/Vauxhall is considering expanding its product offerings in China and launching in new markets such as South America, Australia South Africa, CEO Nick Reilly said.
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The German government still does not have sufficient information on General Motors' restructuring plan for Opel to enable it to decide whether it will contribute financial aid, a person involved in the review has said.
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Hong Kong-born Anthony Lo has moved from GM to become of exterior design at Renault. Lo was advanced design director for GM's Opel and Saab brands before taking the post at Renault. He started April 1.
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Opel/Vauxhall said last week that it will hire up to 250 engineers at its global technical development center in Germany.
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Opel's International Technical Development Centre (ITDC) in Rüsselsheim, Germany, wants to hire an extra 250 engineers as part of its product offensive, the company has announced. It will also increase the number of projects undertaken in the UK at GM's engineering centre and proving ground in Millbrook.
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Opel/Vauxhall said on Wednesday that it will hire up to 250 engineers at its global technical development center in Germany.
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There is still no decision on whether Germany will provide state to General Motors' European Opel operation following a high level committee meeting yesterday.
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The German government was accused of stalling a decision on aid to Opel/Vauxhall. A government committee that reviews requests for loan guarantee requests did not agree on any recommendations for or against granting aid.
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Germany's Opel dealers are skeptical about the brand's future. Dealers complain that the launch of the new Astra has not been successful because of the uncertainty of whether owner General Motors Co.
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Unions at General Motors' Opel plant in Spain signed a restructuring deal with management that will lead to the loss of 900 jobs by 2013, a union representative said.
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Opel CEO Nick Reilly has promised his German dealers that the automaker will press ahead with the development of the minicar they have been wanting.
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When you talk to automotive executives about whether the German government should give financial aid to Opel, you run into unanimous opposition, unless you talk to a General Motors manager.
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General Motors subsidiary Opel has given unions at the threatened plant in Antwerp until mid-April to agree to finalise a social plan for all 2,600 workers at the Belgian factory.
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