Opel may enter bankruptcy if a deal is not reached soon
Opel will enter bankruptcy proceedings if negotiations extend further on which company -- RHJ International or Magna -- would be awarded. GM's new 13-strong board has been meeting and it... Read more
Opel to receive 500 million Euros aid
The ailing carmaker Opel will be receiving 500 million Euros from the Canadian company Magna International and the Russian state-run Sberbank which will be utilized to protect jobs... Read more
European Union to investigate if Opel loan meets regulations
It was reported earlier that the government of Germany will be providing Opel a bridge loan amounting to 1.5 bn Euros which aimed at helping Opel/Vauxhall continue operating while the... Read more
Opel aid to be discussed by German rescue fund
A meeting on Monday was attended by business advisors to Germany's rescue fund to decide if they will recommend extending more than 1 billion euros ($1.23 billion) in loan guarantees to... Read more
German government delayed a vote expected to rule out Opel state aid
Instead of meeting last Friday, the German rescue fund's four-person steering committee is expected to meet on June 7 to discuss whether to approve General Motors Co.'s request for 1.1... Read more
No definitive decision on German aid for Opel… yet!
The future of thousands of workers at the Opel unit of General Motors Co. remains undetermined. A steering committee is set to meet on Tuesday to discuss if it will recommend that... Read more
German coalition government divisions over aid to Opel have widened
The situation is getting more complicated as German coalition government divisions continue to bicker over whether to provide aid to Opel, whose parent is General Motors Co. Last... Read more
German government agrees to offer aid for Opel
Finally, the German government has consented to offer aid for Opel just after the US government denied the request of GM for an additional $16 billion of financial assistance. One of the... Read more
Germany hiding information that could boost the case for Opel state aid
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.... Read more
Official: German government rejects bid for state aid for Opel
If yesterday it was just a rumor today it is official: Germany's Economy Minister Rainer Bruederle rejected GM's bid for Opel state aid. Apparently, this decision was taken because GM has... Read more
Opel unions reacted angrily after Germany delayed again state aid decision
Opel unions were upset upon learning that Germany's state rescue fund didn't make a recommendation on loan guarantees that it requires in order to aid in financing a restructuring plan... Read more
Still no decision regarding Opel state aid, after Berlin meeting
Progress was made by a German committee on the issue of providing state help to Opel, the Economy Ministry said. However, it has yet to be clarified if it would support the aid request... Read more
Germany expected to provide a final response on Opel request for aid this month
By the end of May, the German government is expected to provide a final response on Opel/Vauxhall's request for aid, which is initially set at 1.5 billion euros ($2 billion). Last Friday,... Read more
No decision over German state aid to Opel, says economy minister
A meeting of state and federal officials will take place on Wednesday but Germany's Economy Minister Rainer Bruederle clarified that a decision about German state aid to General Motors... Read more
German government advisory panel has not yet decided on Opel state aid
A German government advisory panel denied a Financial Times report that the task force had deemed the plan "unqualified for government loan guarantees." Deputy Economy Minister Jochen... Read more
German government was accused of stalling a decision on aid to Opel
The German government is being accused of delaying a decision on whether it will give aid to General Motors Co.'s Opel/Vauxhall unit for political reasons. Matthias Machnig, economy... Read more
European countries cautious on Opel’s bid for state aid
The responses of European countries to Opel's request for 2.7 billion euros ($3.7 billion) in loans or loan guarantees to help it cut nearly 8,400 of its 48,000 workforce and reduce... Read more
Report: GM must raise share of costs to receive state aid for Opel
German Economy Minister Rainer Bruederle confirmed that there are demands for General Motors Co. to contribute considerably more towards the restructuring costs for Opel, GM's European... Read more
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