EU Governments To Discuss Opel Bailout Plan Oct 7
24 September 2009 - 6:29PM
Dow Jones News
Ministers from countries hosting Adam Opel GmbH or Vauxhall car
plants will meet Oct. 7 to discuss a plan to bail out the stricken
company, the European Union's Commissioner for Industry Guenter
Verheugen said Thursday.
The discussions will be used as a basis for a decision on what
government subsidies will be made and which countries will pay,
Verheugen said.
European Commission officials will also be present at the
meeting.
Germany has promised EUR4.5 billion in aid to Opel, part of
General Motor Co's European operations. GM sold 55% of Opel to
Canadian auto parts maker Magna (MGA) earlier this month.
-By Frank Huetten, Dow Jones Newswires; +32 2 741 1481;
frabk.huetten@dowjones.com