Workers at General Motors' Opel could take a stake in the company in return for concessions, a magazine said Friday.
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Talks between the German government and carmaker Opel are continuing and Berlin stands ready to decide on providing guarantees to the company before Christmans if it needs help, the Economy Ministry said on Friday.
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The German government is looking at various options for possible help for Germany's Opel unit of General Motors and is on track to take a decision on any action by Christmas, a government spokeswoman said on Friday.
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The German government is continuing to look at options for helping Opel.
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Ford Motor has no intention of asking the German government for the kind of state aid that General Motors' Opel unit has requested, the head of Ford's German operations told a newspaper.
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Opel employee representatives are stepping up their calls for government support and say that 6,000 jobs at the Bochum plant are at immediate risk.
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EU industry commissioner, Günter Verheugen, has said that it would be up to the German government alone to decide whether to give guarantees to Opel in the event of its parent company's bankruptcy.
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If General Motors files for bankruptcy in the US, the outlook for its European brands varies from good to grim. Opel, GM Europe's biggest European brand, is considered at risk. Meanwhile, most observers say the Saab brand's future appears bleak.
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A collapse of General Motors would leave its European operations -- led by Opel -- in need of a need a partner or new owners to survive. But who would that be?
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Germany said on Friday it did not want to make a decision on aid for cash-strapped Opel dependent on developments in the United States, where automakers failed to secure a quick bailout. Opel's parent GM and U.S.
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Germany said on Friday it did not want to make a decision on aid for cash-strapped Opel dependent on developments in the United States, where automakers failed to secure a quick bailout. Opel's parent GM and U.S.
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Opel is a 'special case' and exceptional support measures to save it are justified, European Union (EU) Industry Commissioner Guenter Verheugen has said.
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A German regional state passed a law on Wednesday giving Opel EUR500m in loan guarantees in case parent company General Motors goes bankrupt.
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German automaker Opel must be freed from the constraints of its U.S. parent company General Motors to develop cars of the future, the CEO of SolarWorld told German radio on Thursday. "I see a need to overhaul our manufacturing sector.
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German automaker Opel must be freed from the constraints of its U.S. parent company General Motors to develop cars of the future, the CEO of SolarWorld told German radio on Thursday. "I see a need to overhaul our manufacturing sector.
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GM's troubles and the possible fallout for its European operations took a slightly strange twist today when German solar energy company SolarWorld AG said it is preparing to submit an offer to GM to take over its four Opel German factories and the Rüsselsheim development centre.
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General Motors today said its German subsidiary Opel is not for sale.
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German solar energy company SolarWorld said on Wednesday it was prepared to acquire cash-strapped carmaker Opel's plants in Germany, but analysts dismissed the plan as unrealistic.
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