The German government is not aiming to take a stake in troubled carmaker Opel, but may give the General Motors' unit aid to help it survive, Chancellor Angela Merkel said on Sunday.
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FRANKFURT (Reuters) -- German Economy Minister Karl-Theodor zu Guttenberg said on Saturday he was talking to potential investors in General Motors' Opel unit, rejecting a media report saying there were no serious bidders yet.
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Chevrolet's new Cruze sedan will have a starting price of 14,990 euros in Germany when it goes on sale May 16. The Cruze will be positioned as a value model under the Astra, which is sold by Chevrolet's sister brands Opel and Vauxhall.
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Labor leaders at troubled German carmaker Opel would oppose a takeover by an investor who was only interested in getting its hands on the company's technical expertise, works council boss Klaus Franz said.
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German state development bank KfW Bankengruppe has no plans to take a stake in General Motors' German unit Opel, KfW's CEO Ulrich Schroeder told a trade magazine today.
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Opel's German dealers could take a blocking minority in the carmaker jointly with the company's 25,000 workers there, but they made their aid dependent on the government stepping in to help.
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Ford of Europe supports General Motors' appeal for financial help from European governments for its ailing Opel/Vauxhall unit.
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Ford of Europe supports General Motors' appeal for financial help from European governments for its ailing Opel/Vauxhall unit.
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German state development bank KfW Bankengruppe has no plans to take a stake in General Motors' German unit Opel, KfW's CEO Ulrich Schroeder told a trade magazine today.
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General Motors Europe has hired consultancy Roland Berger to help tweak a proposed rescue plan for its Opel/Vauxhall business. Roland Berger will help GM Europe answer "open questions," about the plan the company said in a statement on Wednesday.
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General Motors Europe has hired consultancy Roland Berger to help tweak a proposed rescue plan for its Opel/Vauxhall business. Roland Berger will help GM Europe answer "open questions," about the plan the company said in a statement on Wednesday.
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The German government believes that Opel and parent group General Motors have sufficient financing to continue through into April.
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German carmaker Opel and its U.S. parent General Motors have, to the knowledge of the German government, sufficient financing to see them through into April, a junior economy minister said today.
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German carmaker Opel and its U.S. parent General Motors have, to the knowledge of the German government, sufficient financing to see them through into April, a junior economy minister said today.
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General Motors CEO Rick Wagoner said today he is encouraged by the willingness of European officials to provide aid to the automaker's Opel subsidiary.
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General Motors CEO Rick Wagoner said today he is encouraged by the willingness of European officials to provide aid to the automaker's Opel subsidiary.
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General Motors appears willing to help Europeans to save the automaker's Opel unit, Germany's economy minister has said.
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German Economy Minister Karl-Theodor zu Guttenberg said late on Monday that General Motors appears willing to help Europeans in saving GM's Opel unit. Guttenberg spoke with reporters after talks with GM CEO Rick Wagoner in Washington D.C.
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German Economy Minister Karl-Theodor zu Guttenberg said late on Monday that General Motors appears willing to help Europeans in saving GM's Opel unit. Guttenberg spoke with reporters after talks with GM CEO Rick Wagoner in Washington D.C.
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German Economy Minister Karl-Theodor zu Guttenberg said late on Monday that General Motors appears willing to help Europeans in saving GM's Opel unit. Guttenberg spoke with reporters after talks with GM CEO Rick Wagoner in Washington D.C.
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