Poland May Support Opel If Polish Plant Kept Alive
16 Oktober 2009 - 4:07PM
Dow Jones News
The Polish government hasn't ruled out support for Adam Opel
GmbH operations following the company's sale by General Motors Co.,
but the aid will depend on the future owner's decisions regarding
Opel's Polish production plant, the Polish economy ministry said
Friday.
In a statement, the ministry said continued support would depend
on what happens to the Gliwice, Poland, plant in New Opel's final
restructuring plan.
"It [the restructuring plan] foresees 100% use of production
capacities, the relaunch of the third shift, and output at 215,000
cars a year, the highest in the plant's history," the ministry
added.
Any aid would have to comply with European Union rules, the
ministry said.
General Motors and Austrian-Canadian auto parts maker Magna
International Inc. (MGA) might make a final decision on the planned
sale of GM's Opel and Vauxhall brand in the middle of next week,
two people familiar with the matter told Dow Jones Newswires
Friday.
-By Marcin Sobczyk, Dow Jones Newswires; +4822 447-2432;
marcin.sobczyk@dowjones.com