Germany's Merkel: No Sign US Has Different Preference On Opel
25 Mai 2009 - 2:24PM
Dow Jones News
There is no indication that the U.S. and Germany have
contrasting preferences on bids for General Motors Corp.'s (GM)
local unit, Adam Opel GmbH, German Chancellor Angela Merkel said
Monday.
Speaking after a meeting of her conservative party, Merkel said
it isn't up to Germany to take any independent decision on Opel but
the owners - GM and the U.S. state.
"If the Americans have a different preference than we on a
European level for example, and nothing is pointing toward this,
but if this were the case than we are only able to make a
contribution toward what might be more or less interesting to the
American side by for example awarding guarantees," Merkel told
reporters.
"But if the decision will be made for example for Fiat [F.MI],
which wants to fully disintegrate from General Motors, then it must
be an American decision if the GM and the U.S. government actually
want this," she added.
Web site: www.bundesregierung.de
-By Andrea Thomas, Dow Jones Newswires; +49-30-288-8410;
andrea.thomas@dowjones.com