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GM seeks state aid for Opel - Germany



09 February 2010 @ 11:25 am BST

BERLIN - General Motors has made an application to Germany for state aid under which the federal and regional governments would provide 1.5 billion euros (1.3 billion pounds) in guarantees, Economy Minister Rainer Bruederle said on Tuesday.


A red traffic light is seen behind an Opel logo as trade union members blocked access for car parts to be delivered to the Opel assembly plant of Antwerp
A red traffic light is seen behind an Opel logo as trade union members blocked access for car parts to be delivered to the Opel assembly plant of Antwerp January 22, 2010.
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Bruederle added that GM was also seeking a further 1.2 billion euros in aid from Britain, Spain, Poland and Austria.

Opel Chief Executive Nick Reilly earlier on Tuesday unveiled details of the carmaker's eagerly awaited restructuring plan.

(Reporting by Matthias Sobolewski, writing by Paul Carrel)

© 2010 Thomson Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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