Renault will produce its Trafic van in France, a French industry ministry spokesman said. The Trafic is currently built in Luton, England, in a joint venture with Opel/Vauxhall and by Nissan in Barcelona, Spain.
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The experts committee, which is to decide whether Germany should grant aid to carmaker Opel or not, is expected to announce a preliminary decision on the issue on Monday, a media report said on Friday.
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General Motors Co. will cover a pledge to increase funding for the reorganization of its money-losing Opel unit with loans and a deposit guarantee, GM's German-aid application shows.
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Opel is close to benefiting from financial guarantees from three German states in which the company has plants, local press has said.
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Opel unions reacted angrily after a decision was delayed on German loan guarantees to help the General Motors Co. unit finance a 3.7 billion euros ($4.52 billion) restructuring plan.
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Opel unions reacted angrily after a decision was delayed on German loan guarantees to help the General Motors Co. unit finance a 3.7 billion euros ($4.52 billion) restructuring plan.
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Opel unions reacted angrily after a decision was delayed on German loan guarantees to help the General Motors Co. unit finance a 3.7 billion euros ($4.52 billion) restructuring plan.
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A steering committee of Germany's rescue funds for Opel was meeting today but not expected to reach a definitive decision on aid for the loss-making GM unit, according to Berlin's economy minister Rainer Bruederle.
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Close-up images of production version of Opel's futuristic hybrid testing.
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No definitive decision on German aid for Opel should be expected on Tuesday, Economy Minister Rainer Bruederle said, leaving open the fate of thousands of jobs at the General Motors unit.
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Plans by Germany to contribute a colossal EUR148bn (US$186m) to the overall EUR750bn eurozone rescue plan finally staggered over the finishing line in the Bundestag in Berlin today.
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Vauxhall workers' union Unite has signed the UK memorandum of understanding and European framework agreement in respect of employee contributions to the Opel/Vauxhall turnaround plan which includes a two-year pay freeze.
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Opel/Vauxhall has confirmed today (21 May) the loss of around 8,000 jobs across its European sites as it launched moves designed to return the company to profitability.
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Opel is close to agreement with unions on a restructuring plan that Opel has been trying for months to finalise, sources close to the talks said on Friday.
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Opel/Vauxhall has reached an agreement with employee representatives on annual wage savings of 265 million euros ($329 million). The deal removes an important obstacle to Opel winning loan guarantees toward a 3.
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Management and labor at Opel/Vauxhall unit are close to reaching a deal that would cut wage costs at the troubled European carmaker, both sides said.
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Opel/Vauxhall's management and its employees are close to a deal that would cut costs at GM's European unit.
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Management and labor at Opel/Vauxhall unit are close to reaching a deal that would cut wage costs at the troubled European carmaker, both sides said.
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The end of scrapping incentives in Germany is hurting sales at General Motors Co.'s top European brand and contributing to GM's car sales slump in Europe.
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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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