Topic: Adam Opel AG
GM says it will commit 1.9 billion euros to Opel
AFP Global Edition
The US automaker General Motors said Tuesday it would commit 1.9 billion euros (2.6 billion dollars) to restructuring its ailing European division Opel/Vauxhall, three times more than foreseen orginally. GM would thus provide more than half of the three billion euros estimated necessary to turn Opel around ...
Opel to launch inner-city electric car
AFP Global Edition
Ailing carmaker Opel is considering launching an electric car for inner-city use to tap what it sees as a high-potential market, the firm's boss said in an interview Sunday. "We are thinking about a small electric vehicle," the chief of the General Motors unit, Nick Reilly, told Germany's ...
German government, lawmakers say Opel rescue plan falls short
AFP Global Edition
The German government and parliament, which have been asked for money to help rescue Opel, said Wednesday that a plan to restructure the ailing car maker was insufficient. Opel has sought 1.5 billion euros (2.0 billion dollars) from Berlin, which awaits the results of a private audit before ...
GM must raise share of Opel costs to get aid: paper
Reuters US Online Report Business News
FRANKFURT/BERLIN (Reuters) - General Motors should raise its share of the reorganization costs for its European arm Opel in order to get state aid from Germany, Handelsblatt newspaper reported on Monday, citing German government sources. GM is asking European countries with Opel plants to contribute 2.7 billion euros ($3 ...
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