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

Article by Christian A., 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

Recommended

Without a doubt, the SUV segment is getting increasingly more saturated. This month alone, we were greeted with city-oriented SUVs from the Kia Stonic to the Hyundai Kona, and now...
by - June 27, 2017
The Swedish moose test is known to have victimized many in the past, including the Toyota Hilux that massively failed. So knowing that many cars from trusted and leading automakers...
by - June 27, 2017
All-new BMW X3 (G01) just made its debut! The updated model has a familiar design, and slightly increased dimensions compared to its successful predecessors. For more cabin space, the wheelbase...
by - June 27, 2017
Polestar is notably known to be Volvo's internal performance specialists, and around last year Polestar revealed to the public that it will utilize electrification to further advance the power of...
by - June 26, 2017
Earlier this month, Porsche introduced to us the 911 Turbo S Exclusive Series. The car wore a Golden Yellow Metallic paint. The same time it was launched, the company said...
by - June 26, 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