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Germany had been willing to lend spurned Opel suitor Magna as much as 4.5 billion euros ($6.7 billion) to buy and restructure the Ruesselsheim-based unit of General Motors. Full Article at Deutsche Welle
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RUESSELSHEIM, Germany - Fearing widespread layoffs, thousands of Opel workers walked off the job across Germany on Thursday to protest General Motors Co.'s decision to abandon the unit's sale to new owners. Full Article at Atlanta Journal Constitution Vendor
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Thousands of Opel auto workers in Germany downed tools to show their anger at US parent General Motors for its decision to abandon a Russian-backed rescue plan. Full Article at TVNZ
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General Motors' decision to keep its European arm Opel after months of negotiations to sell it triggered anger and dismay in Germany, which had led the talks and was putting up much of the cash. Full Article at People's Daily Online
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The German government blasted on Wednesday General Motors' decision to hang on to its European unit Opel as workers voiced alarm about a potentially deep restructuring of their loss-making company. Full Article at The Age
Related Quotes
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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
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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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GM didn't discuss anything with anyone.
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the German government had a very strong appetite for the Magna proposal, so I can well imagine and well understand
