Home News Opel is currently conducting any discussions about government support – circles

Opel is currently conducting any discussions about government support – circles

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BERLIN (Dow Jones) – The Federal Government is with General Motors (GM) and the German car manufacturer Opel is currently no Negotiations on possible state funding assistance Germany. "This is definitely not the case," said one of the Opel person familiar with the negotiations from government on Tuesday to Dow Jones Newswires in Berlin. Such discussions with representatives of GM and the German car maker Opel could also therefore still are not conducted, because GM nor the Federal Government continues to presented no recovery plan for Opel had.
Only on the basis of such an approach could more than State aids are spoken. GM is of himself and not to the Federal Government approached to rejoin with her to discuss the Include the future of Opel.
To date, there is no GM’s approaching to the Federal Government, there are no talks and there is no concept, "said the person. Even though she had heard that in Britain already have such consultations have been organized. Details are not known, however, said the person from government to Dow Jones Newswires.
A spokeswoman for the British Ministry explained upon request, the country work closely together with GM on a possible financing package for Opel and Vauxhall. "Our goal is our locations the best opportunity in a restructured companies deliver. "The government had clearly made to try to make funds available in principle. Prerequisite for this is that the production of Opel / Vauxhall in Britain was also long term.
Total Opel provides for the restructuring and necessary investments in the future a financing requirement of 3.3 billion euros. A GM will spend part of itself, the rest is from the European countries with Opel / Vauxhall coming locations.

   

Website: www.bundesregierung.de
www.opel.de

-By Beate Preuschoff and Patrick McGroarty, Dow Jones Newswires
+49 (0) 30 - 2888 4122, berlin.de @ dowjones.com
(Laurance Norman in London contributed to this article)
DJG / bep / kgb / jhe
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(END) Dow Jones Newswires

January 19, 2010 10:35 ET (15:35 GMT)

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