Plans talked between US and German officials to break the deadlock
30 July 2009

Germany is planning to exert its right to veto any decision General Motors may make on which company it sells Opel/Vauxhall to.

GM is believed to heavily favour the deal from RHJ, while the German government wants GM to deal with Magna as it would protect the maximum amount of German jobs.

Chancellor Angela Merkel doesn’t want to see any Opel staff lose their jobs ahead of September’s general election. The German government will provide loans to the eventual winner as the “sale is not sustainable without them”, according to Merkel’s chief spokesman Ulrich Wilhelm.

“An agreement by GM with one of the two remaining investors would not be enough,” he said. “Federal and state governments have to be in a position to support such an agreement.”

To try and make progress in the talks, German officials are planning to meet with their US counterparts. The US government is the majority owner of GM and Merkel’s chief economic advisor Jens Weidmann is in Washington this week for G20 talks. It is believed he will take time out from the talks to discuss the Opel/Vauxhall deal.

Twitter - follow all the latest Vauxhall reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK