German Chancellor Angela Merkel could clash over the fate of Opel

Article by Christian A., on August 27, 2010

German Chancellor Angela Merkel will face intense opposition over the fate of Opel after the election in Germany on Sunday gave her new government partners. Merkel will head a center-right coalition government after her Christian Democrats (CDU) and their sister party, the Christian Social Union (CSU), secured 33.8 percent of the vote.

Her new partners, the Free Democrats (FDP), took 14.6 percent. The group had represented the opposition for 11 years. Already, the FDP has expressed skepticism of Germany's support for a plan by Magna International Inc. and its Russian partner Sberbank to buy a 55% stake in Opel from General Motors Co.

Earlier this month, FDP party member Dirk Pfeil, who sits on the board of the trust overseeing Opel, refused to endorse the deal, says Autonews. Merkel had pledged to give Opel 4.5 billion euros in aid in exchange of its promise to safeguard German jobs.

Undoubtedly, that's good news for the workers in Germany but what result would this safeguard have on workers in Britain, Belgium and Spain? The European Commission is currently studying the deal with Opel, which employs 25,000 workers in four German plants.

Other European countries have also questioned the plan. On election night, FDP leader Guido Westerwelle said that he would push through his market-liberal agenda "step by step."

Merkel acknowledged that they will argue in some areas since they have different parties. In the next few weeks, be on the lookout as Merkel and Westerwelle strive to attain compromises on economic, security and foreign policy.

Topics: opel, germany

If you liked the article, share on:

Comments

Recommended

Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries