Germany hiding information that could boost the case for Opel state aid

Article by Christian Andrei, on August 27, 2010

The Berlin government is being accused of hiding information that could boost the case for providing 1.1 billion euros ($1.31 billion) in state aid to Opel, a European General Motors Co. unit, by a senior German politician who has taken up the cause of Opel workers in East Germany.

Thueringia's Economics Minister Matthias Machnig likened the situation to a game of poker wherein opponents in Berlin used "marked cards" to win against Opel and its employees.

Last Monday, Machnig said that he finds it "unbelievable" that the federal government still won't disclose the full findings of the steering council.

He continues to criticize a two-page statement that was given out during a meeting of the council of independent experts.

He stated further that the government "fears publishing the entire opinion." Opel operates an assembly plant in Eisenach, Thueringia, that makes the Corsa subcompact and has a 190,000-unit capacity.

In relation to this, federal Economics Minister Rainer Bruederle has stated that he supports the stand of the body of experts who had been "very critical" of granting aid.

A decision on whether Germany will give taxpayer's money to support private-sector loans for Opel will be announced this Wednesday.

This decision is expected to be announced by four high-ranking officials from the German rescue fund as well as Chancellor Angela Merkel's chief economic advisor Jens Weidman. [via autonews - sub. required]

Topics: opel, germany

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
WM Motor, a new China-based automaker, recently revealed its forthcoming lineup consisting of affordable electric vehicles. While there is a company is the U.S. that has the same name, they...
by - December 8, 2016
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