The German government still does not have sufficient information on General Motors’ restructuring plan for Opel to enable it to decide whether it will contribute financial aid, a person involved in the review has said.
GM is seeking state aid worth EUR1.8 bn (US$2.4bn) in Europe, with Germany accounting for between 50% and 60% of this figure, to help finance a wide-ranging turnaround plan of its operations in the region.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
A source told Dow Jones the German government still require further financial information.
The UK government has already committed to providing EUR300m (US$400m) in loans to Vauxhall.
Opel’s talks with the governments of Spain, Poland and Austria on state aid also have not been finalised.
