The German government is now looking to General Motors and the US administration for help to answer remaining questions over the future of GM's European unit Opel.
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BERLIN (Reuters) -- German Economy Minister Karl-Theodor zu Guttenberg said on Sunday he hoped General Motors and the U.S. government would help answer remaining questions on a plan to save German unit Opel.
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German Economy Minister Karl-Theodor zu Guttenberg said today he hoped General Motors and the U.S. government would help answer remaining questions on a plan to save German unit Opel. Shortly before leaving Germany for talks with GM and U.S.
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German Economy Minister Karl-Theodor zu Guttenberg said today he hoped General Motors and the U.S. government would help answer remaining questions on a plan to save German unit Opel. Shortly before leaving Germany for talks with GM and U.S.
Full story...
BERLIN (Reuters) -- German Economy Minister Karl-Theodor zu Guttenberg said on Sunday he hoped General Motors and the U.S. government would help answer remaining questions on a plan to save German unit Opel.
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General Motors Europe's Opel/Vauxhall and Saab units saw their new-car sales collapse in Europe last month amid uncertainty about the future of the brands.
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Germany's government is politically responsible for helping Opel, its leader said on Friday (13 March).
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German Chancellor Angela Merkel said today the government had a political responsibility to try to help struggling General Motors unit Opel.
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Opel dealers have said they are prepared to take a levy from every vehicle sold towards a fund to help GM Europe survive its financial crisis.
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General Motors' German Opel unit is not insolvent, the head of GM's European business reiterated, according to German radio station Deutschlandfunk.
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General Motors' Opel brand has obtained a loan guarantee from Spain but still needs 2.6 billion euros from Germany, the head of GM Europe said today. "We need a guarantee for more than 3.3 billion euros in Europe in order to get loans from banks.
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General Motors' Opel brand has obtained a loan guarantee from Spain but still needs 2.6 billion euros from Germany, the head of GM Europe said today. "We need a guarantee for more than 3.3 billion euros in Europe in order to get loans from banks.
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General Motors' German Opel unit is not insolvent, the head of GM's European business reiterated, according to German radio station Deutschlandfunk.
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German Chancellor Angela Merkel is maintaining a cautious line on German government assistance for Opel.
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Opel/Vauxhall dealers plan to raise 400 million euros to buy a minority stake in the troubled General Motors-owned brands.
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Opel/Vauxhall dealers plan to raise 400 million euros ($511 million) to buy a minority stake in the troubled General Motors-owned brands.
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Opel/Vauxhall dealers plan to raise 400 million euros to buy a minority stake in the troubled General Motors-owned brands.
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Germany will only grant aid to companies such as Opel if it will secure their future and not evaporate without any effect, German Chancellor Angela Merkel said in an interview published today.
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Germany will only grant aid to companies such as Opel if it will secure their future and not evaporate without any effect, German Chancellor Angela Merkel said in an interview published Wednesday.
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Opel workers could see their wages cut by 10% or more as part of the recovery plan for the carmaker, works council head Harald Lieske has told Thueringer Allgemeine Zeitung.
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