Home News Opel / Reilly firm expects state aid – Reuters

Opel / Reilly firm expects state aid – Reuters

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DÜSSELDORF / BOCHUM (Dow Jones) – Opel Managing Director Nick Reilly counts down with government aid to support the future of the Automobile company. Currently, would last outstanding issues with federal and state discussed, Reilly said on Wednesday after talks Prime Minister Jürgen Rüttgers (CDU) in Düsseldorf. At issue is State guarantees in the amount of 1.3 billion, cited the Reuters news agency the manager continued.
Should it not to come, would be "very disappointed. "The U.S. parent company General Motors (GM invests) a total of 1.9 Billion into Opel.
Reilly stressed once again that the Opel plant in Bochum "A very important part of the long-term future" of the will be undertaking. In the previously mentioned figures on job cuts, it will stay. alone should therefore Bochum 1800 of around 5,000 jobs in Opel eliminated.
Rüttgers reiterated its fundamental Willingness to state aid for Opel in the current Security procedures. "The location of Bochum in the long term safe," said the Government.
The open points in the talks on government Guarantees for the automakers, according to media reports, the question is one The license fees must be paid to GM Opel. In addition to be German politicians believe a construction are found, the ensuring that German state aid in an emergency not to the U.S. would drain away.
Website: www.opel.de
DJG / jhe
END) Dow Jones Newswires
April 07, 2010 07:48 ET (11:48 GMT)
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