German Economy Minister Karl-Theodor zu Guttenberg said today he will not be pressured into making a quick decision on granting state aid to struggling Opel.
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BERLIN (Reuters) -- German Chancellor Angela Merkel said on Saturday a decision on state aid for Opel depended on the firm's long-term outlook and on the readiness of banks to help.
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General Motors' German unit Opel this afternoon agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said.
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General Motors' German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said.
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General Motors' German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said.
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General Motors' German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said.
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Opel set to be the first European car maker to ask for a government bail-out
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Management at GM's Opel subsidiary in Germany will today present its supervisory board with a restructuring plan that could involve plant closures and the loss of thousands of jobs.
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GM Europe and the Opel Supervisory Board have today approved a long-term plan for viability that will be submitted to government representatives 'in the coming days'.
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Labour unions from Opel's factory in Gliwice have appealed to the Polish government for support for the facility.
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Opel's dealers have offered help for the troubled carmaker that could include cash aid or taking a stake in the company. "We are ready to invest in Opel's future," said Jaap Timmer, chairman of the European Opel dealers' association EURODA.
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General Motors sources today confirmed press reports that its Opel subsidiary could sell a German car plant to Daimler.
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General Motors' German subsidiary Opel has contacted Mercedes parent Daimler over plans to sell its Eisenach plant where Opel manufactures the Corsa small car, a German newspaper reported.
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General Motors' German subsidiary Opel has contacted Mercedes parent Daimler over plans to sell its Eisenach plant where Opel manufactures the Corsa small car, a German newspaper reported.
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General Motors sources today confirmed press reports that its Opel subsidiary could sell a German car plant to Daimler.
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General Motors' German subsidiary Opel has contacted Mercedes parent Daimler over plans to sell its Eisenach plant where Opel manufactures the Corsa small car, a German newspaper reported.
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Thousands of Opel workers from around Germany took part in a mass rally today at the company's headquarters, demanding that parent General Motors scrap plans for plant closures in Europe.
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Daimler reaffirmed its position that the maker of luxury Mercedes-Benz cars has no interest in acquiring other brands such as General motors' Opel, which could immediately give it a sizable share of the small car market.
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The German government was set to give Opel credit to survive the global slump and financial distress at parent General Motors, a press report said on Tuesday.
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Belgium's region of Flanders has secured a 60 million euro ($77 million) deal for a Ford Motor plant in Belgium and will speak on Tuesday with General Motors about the future of struggling Opel.
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