Opel/Vauxhall dealers across Europe plan to take minority shares in Opel
11 March 2009

Opel and Vauxhall dealers are considering buying a stake in the General Motors-owned brands.

The plans, announced by the European Opel Dealers Association (Euroda), would involve every Opel and Vauxhall dealer contributing €150 from every car sold in the next three years to fund the purchase.

The aim of the plan is to send a signal of support and confidence to both the German government – from whom Opel/Vauxhall has asked for up to €3.3bn (£2.9bn) in financial aid – and customers across Europe.

Read more about Opel's bailout request

“Opel/Vauxhall dealers have 125,000 employees and they are responsible entrepreneurs who want to preserve these jobs as well as their investments,” said Jaap Timmer, chairman of Euroda.

The plans will be voted on at the next Euroda meeting on 15 May.

Matt Rigby

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