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The European Commission has responded so far in neutral tones to the decision by General Motors to hold on to its European units Opel and Vauxhall. Full Article at Deutsche Welle
Related Articles
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Austria's Die Presse from Vienna noted that the response from Germany's political leaders ranged from "huffy to hopping mad", but what actually happened, the paper asks? Full Article at Deutsche Welle
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(BRUSSELS) - The European Commission warned on Wednesday that state aid from EU countries under new restructuring plans for General Motors Europe would again have to meet stringent conditions. Full Article at EUbusiness
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BRUSSELS, Nov 4 (Reuters) - General Motors' [GM.UL] new restructuring plan for its European arm, Opel, should be based on solid economic grounds, European Union competition regulators said on Wednesday. Full Article at Reuters
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FRANKFURT - Opel's labour force has agreed to contribute 265 million euros ($390 million) in annual savings if General Motors finally sells a majority stake in its European arm to a group led by Canada's Magna. Full Article at International Business Times
Related Quotes
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Germany's going to be in a difficult position with the European Commission if it now goes back and says we're not going to fund General Motors' restructuring because, in effect, that says it's undermining state aid rules
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I am surprised only in that I thought [the deal] was too far gone ... GM has never been happy with the deal.
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I think they will also go to European governments, including the Germans, asking for financial assistance. They'll be back knocking on doors asking for support
