GM plans for Opel hit by Berlin doubts

Article reports that General Motors’ restructuring plan for Opel/Vauxhall was dealt a potentially serious setback on the 17 February 2010 after a German government taskforce said it had doubts about the scheme.

Subsequently, it became clear that Germany's regional states were pushing General Motors to inject more equity into Opel as part of its restructuring plan, in yet another blow to the US carmaker's ambition to turn round its ailing subsidiary with the help of €2.7bn in state aid from several European governments.

ESO: Background information: GM unveils €11bn Opel restructuring plan http://www.europeansources.info/record/gm-unveils-e11bn-opel-restructuring-plan/

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