GM Europe comes under criticism from highest levels of German government
5 March 2009

Opel’s plea for state aid has come under heavy criticism from the German government after both chancellor Angela Merkel and finance minister Peer Steinbruck expressed doubts about the viability of the firm’s survival plan.

The German government has yet to decide whether or not to grant the request for a €3.3bn (£2.9bn) bailout, which is part of the restructuring plan that Opel submitted to the German government on Monday.

Finance minister Steinbruck, speaking on German television late on Monday night, said that Opel’s plans, which would make the company largely independent of struggling parent company General Motors, were not sufficient. He also said that Opel would have to come up with a self-sustaining strategy before the government would consider providing financial aid.

On Tuesday German chancellor Angela Merkel put the question of state aid for Opel in further doubt, saying that GM’s European arm was not integral to the health of the German economy. “There are system-critical financial institutions,” the Rheinische Post newspaper reported Merkel as saying, “but there are no system-critical industrial firms.”

The head of GM Europe, Carl-Peter Forster, said on Wednesday that Opel’s restructuring plan would cost “hopefully not more than 3500 jobs”.

Matt Rigby


Geneva cars: news and images

Chery DR, Ferrari 599XX, Ford Iosis Max, Frazer Nash Namir, Hyundai ix-onic, Infiniti Essence, Kia No3, Lagonda Concept, Lamborghini Murcielago SV, Land Rover Freelander TD4_e, Mazda CX-7, Mini JCW Cabriolet, Mitsubishi iMIEV Sport Air, Nissan Qazana, Renault Megane RS, RUF Greenster, Skoda Fabia vRS, Skoda Yeti, Tata Nano Europa, Toyota Prius, Volkswagen Polo

Autocar.tv: see Mike Duff's in-depth Geneva show coverage

Lagonda Concept, Skoda Yeti, Rolls Royce 200 EX, Vauxhall Ampera, Nissan Qazana, Infiniti Essence, Bentley Continental Supersports, Ford Iosis Max

Video blogs from the show floor

Audi TT RS, Ferrari 599XX, Hyundai ix-onic concept, Kia No3, Lamborghini Murcielago SV, Mercedes E-class coupe, Peugeot 3008, Renaultsport Megane, Subaru Legacy, VW Polo


Find an Autocar car review

Driven this week

  • DS 3 Crossback 2019 road test review - hero front
    19 July 2019
    Car review
    French premium brand gets PSA’s new supermini platform first. Does it deliver...
  • BMW 318d front three quarters on the road
    18 July 2019
    First Drive
    Entry-level diesel is likeable addition to range but doesn't live up to...
  • MG ZS EV 2019 UK first drive review - hero front
    17 July 2019
    First Drive
    Cheap, spacious and all-round endearing electric version of MG's ZS soft...

Join the debate

Comments
2

10 April 2019
Đối với các bậc làm mẹ họ đều luôn mong muốn con mình sinh ra sẽ giỏi giang và thông minh, đặc biệt với bé gái thì xinh đẹp,thông minh và dễ thương. Đề làm được điều này ngay trong giai đoạn mang thai các bà bầu cần lưu ý thực hiện tìm hiểu mang thai bé gái nên ăn gì? để có chế độ ăn có đầy đủ các loại thực phẩm tốt nhất cho quá trình phát triển của mẹ và bé

3 June 2019
Đối với các bậc làm mẹ họ đều luôn mong muốn  con mình sinh ra sẽ giỏi giang và thông minh, đặc biệt với bé gái thì xinh đẹp,thông minh và dễ thương. Đề làm được điều này ngay trong giai đoạn mang thai các bà bầu cần lưu ý thực hiện tìm hiểu mang thai bé gái nên ăn gì? để có chế độ ăn có đầy đủ các loại thực phẩm tốt nhất cho quá trình phát triển của mẹ và bé. Website: Dinhduongmangthai.com

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • DS 3 Crossback 2019 road test review - hero front
    19 July 2019
    Car review
    French premium brand gets PSA’s new supermini platform first. Does it deliver...
  • BMW 318d front three quarters on the road
    18 July 2019
    First Drive
    Entry-level diesel is likeable addition to range but doesn't live up to...
  • MG ZS EV 2019 UK first drive review - hero front
    17 July 2019
    First Drive
    Cheap, spacious and all-round endearing electric version of MG's ZS soft...