German chancellor Angela Merkel has urged US president Barack Obama to ensure General Motors makes a quick decision on the future of Opel.
Merkel was a big supporter of Magna in its attempts to take over Opel/Vauxhall from GM and she telephoned Obama yesterday to raise her concerns about GM’s decision.
She has called on GM to present its new plans for Opel and ensure that any money Germany loaned to it is returned by the end of the month.
“The chancellor made clear that the German government would urge General Motors to present a new plan as quickly as possible and to repay bridge financing by the end of November,” said her spokesman in a statement.
GM’s CEO Fritz Henderson has said he is confident the firm will find the 3 billion euro (£2.7bn) necessary to restructure Opel, but refused to confirm how many jobs would be cut. It has been claimed that up to 10,000 jobs could go in Europe after Magna’s takeover fell through.