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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General Motors' German unit Opel will present a business plan to the German government in coming days, responding to calls to present such a plan to obtain state guarantees, as political support for state help varies.
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The German government distanced itself today from any commitment to Opel's future, saying it would wait for the automaker to present a business plan before considering state guarantees.
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General Motors' European brands are near collapse, with Germany's Opel in need of more state funding and Sweden rejecting Saab's plea for state aid until its business plan is sound.
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General Motors' German unit Opel will present a business plan to the German government in the coming days, heeding calls to present such a plan in order to obtain state guarantees.
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General Motors' German unit Opel will present a business plan to the German government in the coming days, heeding calls to present such a plan in order to obtain state guarantees.
Full story...
General Motors' German unit Opel will present a business plan to the German government in the coming days, heeding calls to present such a plan in order to obtain state guarantees.
Full story...
FRANKFURT/STOCKHOLM (Reuters) -- General Motors' European brands are near collapse, with Germany's Opel in need of more state funding and Sweden rejecting Saab's plea for state aid until its business plan is sound.
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FRANKFURT, Feb 20 (Reuters) - Opel is seeking help to finance a 3.3 billion euro ($4.15 billion) liquidity gap through the end of 2011, a company source said.
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General Motors' German unit Opel needs around EUR3.3bn (US$4.15bn) in liquidity, a company source has said.
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The German state of Thuringia is ready to consider a stake in carmaker General Motors' Opel unit if the German subsidiary is spun off, the eastern region's economy minister Juergen Reinholz told a newspaper.
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The German state of Thuringia is ready to consider a stake in carmaker General Motors' Opel unit if the German subsidiary is spun off, the eastern region's economy minister Juergen Reinholz told a newspaper.
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General Motors has no concrete plans to shut its German unit Opel's factories, Juergen Ruettgers, the state premier of North Rhine-Westphalia, said after meeting GM's head Rick Wagoner in Detroit.
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Opel and Saab may be mulling an independent future, but there are huge problems with either staying part of GM or becoming independent business units, an analyst has said.
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General Motors has no concrete plans to shut its German unit Opel's factories, Juergen Ruettgers, the prime minister of North Rhine-Westphalia, said after meeting GM CEO Rick Wagoner in Detroit.
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Opel and the other European operations of U.S. carmaker General Motors have signaled they will unveil a plan for their future next week, German Economy Minister Karl-Theodor zu Guttenberg said on Wednesday.
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Opel and the other European operations of U.S. carmaker General Motors have signaled they will unveil a plan for their future next week, German Economy Minister Karl-Theodor zu Guttenberg said on Wednesday.
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Opel and Vauxhall will collapse within two years if they remain part of General Motors, workers' leaders have warned. Union leaders say GM's revival plan - due to be presented to the U.S.
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The German government will definitely give General Motors unit Adam Opel a requested financial guarantee but may be waiting US decisions on the parent company, a top Opel manager has said.
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General Motors is restructuring its sales, marketing and aftersales operations in Europe to give its Opel, Chevrolet Europe and Saab brands more autonomy.
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