EU Calls For Respect Of State Aid Rules In GM Restructure
12 Mai 2009 - 11:57AM
Dow Jones News
Three European Commissioners Tuesday called on governments to
fully respect the rules on state aid in the restructuring of
General Motors Corp.'s (GM) European activities.
The commissioners -Guenter Verheugen for enterprise and
industry, Neelie Kroes for competition, and Vladimir Spidla for
employment and social affairs - called for a "coordinated action
and full respect of E.U. state aid and internal market rules in the
GM Europe restructuring," in a statement.
GM's European operations include German-based Adam Opel, with
plants in other E.U. countries. Governments are concerned that any
restructuring would lead to plant closures and job losses.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com