German coalition government divisions over aid to Opel have widened

Article by Christian A., on August 27, 2010

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 Thursday, Chancellor Angela Merkel met with the heads of four regional states with Opel plants to go over financing options after her economy minister, Rainer Bruederle of the liberal Free Democrats (FDP), denied federal aid last Wednesday.

Even as Merkel pushed for a center-right coalition with the FDP before September's elections, Bruederle has been causing disagreements in Berlin on matters ranging from tax cuts to health care reform.

Merkel has had a record for working amicably with the Social Democrats in the previous legislature but this time, she is reportedly upset over the FDP's opposition to state aid for Opel.

Merkel said that a decision has yet to be finalized and that she would do what she can to get support for Opel's 25,000-person workforce in Germany.

Opel is asking for 1.1 billion euros ($1.32 billion) in German state aid as part of a 3.7 billion euro package. GM will provide 1.9 billion euros to the plan but it is hoping to get the rest from loan guarantees from European governments. [via autonews - sub. required]

Topics: opel, germany

If you liked the article, share on:

Comments

Recommended

The BMW 7 Series is already highly sought after but nonetheless, the German marque is giving it a more exclusive variant for the Russian market, and they are calling it...
by - October 20, 2017
Several automakers including Porsche, Volkswagen, Smart and even Land Rover have all been victimized by cheap Chinese copycats. And if you haven’t seen it yet, the most recent one would...
by - October 20, 2017
The Mercedes-Benz G-Class has been around for quite some time now but to bid it farewell, the company has launched the Mercedes-AMG G65 Final Edition. Mercedes will only build a...
by - October 20, 2017
Have you ever wondered what you can you buy with $9,365 in your pocket? Well, you have quite a lot of options. In fact, you can even purchase a used...
by - October 20, 2017
The Audi A7 Sportback, whether you would like to call it a sportback or a four-door coupe, has always been a beautiful car. And this week, the 2019 model year...
by - October 20, 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