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

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

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.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact