GM resists Berlin pressure over Opel / GM set to triple Opel rejig funding

Author (Person)
Series Title
Series Details 2.3.10
Publication Date 02/03/2010
Content Type

General Motors’ European chief said in March 2010 that the US carmaker did not plan to increase its contribution to Opel’s €3.3bn restructuring plan, in spite of growing pressure on GM from Germany to put up more of its own money.

Nick Reilly also said that he hoped to have the plan agreed with unions and five European countries – from which it is seeking €2.7bn of loans and guarantees – within a month.

Related Links
BBC News, 2.3.10: GM pledges more money for Opel restructuring http://news.bbc.co.uk/1/hi/business/8544753.stm
ESO: Background information: GM plans for Opel hit by Berlin doubts http://www.europeansources.info/record/gm-plans-for-opel-hit-by-berlin-doubts/

Subject Categories
Countries / Regions , , , , ,