New Offer Made To Save GM's Antwerp Plant - Report
27 April 2009 - 7:17PM
Dow Jones News
BRUSSELS (AFP)--The government of Belgium's northern Flanders
region has made a new offer to U.S. carmaker General Motors Corp.
(GM) to save the company's Opel plant in Antwerp, Belgian news
agency Belga reported Monday.
The Flemish regional government proposed in a letter to GM
Europe to buy the property and buildings where the plant is and
rent them back to the group, generating EUR200 million that would
keep it running.
A spokesman for the Flemish government said that Belga's report
was a "correct summary" of the letter, but had no further
details.
Flanders fears that GM may sacrifice its Opel factory in
Antwerp, which employs 2,600 people, as part of restructuring.
The Flemish government has already offered guarantees of up to
EUR300 million to help save the plant.