European Opel Dealers Group Renews Offer For Stake In Opel
28 Mai 2009 - 4:04PM
Dow Jones News
European Opel dealer association Euroda Thursday renewed its
offer to take a stake in General Motors Corp.'s (GM) core European
brand after the planned spin-off from its troubled parent
company.
The association wants to provide up to EUR500 million, up from
about EUR300 million previously, for GM's Adam Opel GmbH, a
spokesman for the association told Dow Jones Newswires.
"We, as a medium-sized company, are ready to contribute to a
rescue of Opel. Therefore we again call upon the German government
to take our offer of EUR500 million seriously," Jaap Timmer,
president of Euroda, said in a written statement.
Under the proposal, dealers would contribute EUR150 from the
sale of each vehicle over a period of three years. The Euroda
association represents 4,000 dealers with about 120,000
employees.
Company Web site: www.opel.com
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