Previous German pledges to provide state aid to carmaker Opel no longer apply now that General Motors Co. has said it can restructure its European arm alone, German Economy Minister Rainer Bruederle said.
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Senior members of German Chancellor Angela Merkel's cabinet sent conflicting signals over the weekend about whether the government should provide aid to Opel.
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GM has paid back another tranche of a 1.5 billion ($2.2 billion) euro bridge loan advanced by Germany in June to save Opel / Vauxhall from bankruptcy. GM said Friday it had paid back another 200 million euros of the loan.
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GM has paid back another tranche of a 1.5 billion ($2.2 billion) euro bridge loan advanced by Germany in June to save Opel / Vauxhall from bankruptcy. GM said Friday it had paid back another 200 million euros of the loan.
Full story...
GM has paid back another tranche of a 1.5 billion ($2.2 billion) euro bridge loan advanced by Germany in June to save Opel / Vauxhall from bankruptcy. GM said Friday it had paid back another 200 million euros of the loan.
Full story...
GM has paid back another tranche of a 1.5 billion ($2.2 billion) euro bridge loan advanced by Germany in June to save its Opel / Vauxhall European arm from bankruptcy. GM said today it had paid back another 200 million euros of the loan.
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European carmakers have welcomed General Motors' decision to hang on its European Opel and Vauxhall brands rather than sell them to the consortium led by Canadian supplier Magna International and Russia's Sberbank.
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German Economy Minister Rainer Bruederle has said that Opel has no need for state aid because it can finance restructuring by itself.
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General Motors Co. said on Friday it wants state aid to help restructure European arm Opel.
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General Motors Co. said on Friday it wants state aid to help restructure Opel. The comments came a day after GM's chairman said the company could pay for its European arm itself.
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General Motors Co. said on Friday it wants state aid to help restructure European arm Opel.
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Volkswagen AG has dropped a threat to stop awarding contracts to Magna International Inc. after the Canadian auto supplier failed to buy rival carmaker Opel from U.S. parent General Motors.
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Volkswagen AG has dropped a threat to stop awarding contracts to Magna International Inc. after the Canadian auto supplier failed to buy rival carmaker Opel from U.S. parent General Motors.
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Volkswagen AG has dropped a threat to stop awarding contracts to Magna International Inc. after the Canadian auto supplier failed to buy rival carmaker Opel from U.S. parent General Motors.
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Can Buick capitalize on its performance history from over a generation ago? That's the intent of the 2011 Regal, a German-assembled, front-drive sedan that is essentially a rebadged five-passenger Opel Insignia. U.S.
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German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.
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German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.
Full story...
German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.
Full story...
German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.
Full story...
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