General Motors has denied a weekend newspaper report Opel was preparing for insolvency.
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Opel needs a better survival plan and, even if that is produced, German government help would not be in the form of a cash injection, the country's chancellor has said.
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Even as General Motors explores the sale of Opel, it will tap its European unit as a source for future Buick sedans.
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Even as General Motors explores the sale of Opel, it will tap its European unit as a source for future Buick sedans.
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Opel has threatened to close plants in Eisenach and Bochum plus a facility in Antwerp, Belgium, according to media reports.
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BERLIN (Reuters) -- German weekly magazine Der Spiegel said on Saturday that Opel was threatening to close its German plants in Eisenach and Bochum as well as its Belgian site in Antwerp.
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German Chancellor Angela Merkel said on Saturday that General Motors must improve the rescue plan for its German unit Opel if it wants government support for the struggling carmaker.
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General Motors denied a weekend newspaper report its German unit Opel was preparing for insolvency. "This scenario is currently not on the agenda," a GM Europe spokesman told Reuters.
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Even as General Motors explores the sale of Opel, it will tap its European unit as a source for future Buick sedans. For the past two years, GM has shared Opel vehicles and design with Saturn.
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BERLIN (Reuters) -- German weekly magazine Der Spiegel said on Saturday that Opel was threatening to close its German plants in Eisenach and Bochum as well as its Belgian site in Antwerp.
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BERLIN (Reuters) -- German weekly magazine Der Spiegel said on Saturday that Opel was threatening to close its German plants in Eisenach and Bochum as well as its Belgian site in Antwerp.
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German Chancellor Angela Merkel said today that General Motors must improve the rescue plan for Opel to win government support for the German subsidiary.
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German Chancellor Angela Merkel said on Saturday that General Motors must improve the rescue plan for its German unit Opel if it wants government support for the struggling carmaker.
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German Chancellor Angela Merkel said on Saturday that General Motors must improve the rescue plan for its German unit Opel if it wants government support for the struggling carmaker.
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A German newspaper has reported that GM has ceded patents obtained by its Opel unit to the US Treasury in exchange for public aid.
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Insolvency could be an option for Opel though it need not mean the General Motors' unit going bust, German Interior Minister Wolfgang Schaeuble said in a newspaper interview today.
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Insolvency could be an option for Opel though it need not mean the General Motors' unit going bust, German Interior Minister Wolfgang Schaeuble said in a newspaper interview on Friday.
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Insolvency could be an option for Opel though it need not mean the General Motors' unit going bust, German Interior Minister Wolfgang Schaeuble said in a newspaper interview on Friday.
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A German union has warned of 400,000 job losses across Europe if Opel is allowed to fail.
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The German government cannot make a decision on the future of Opel on the basis of the rescue proposal put forward so far, Finance Minister Peer Steinbrueck said today.
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