Germany’s finance minister Wolfgang Schaeuble has pressed General Motors to provide more details of its plans for Opel and said the US-based group was responsible for workers at the European unit.


“My position is very clear: it is now up to General Motors to shed light on how it will meet its company responsibilities,” he told Bild am Sonntag newspaper.


“The word from Detroit is GM doesn’t need state financing for Opel. I just say: so much the better!” he added.


“With Opel, GM has a big responsibility for employees, for the regions concerned and for the whole country.”


Nick Reilly, interim head of GM’s European business, said on Thursday the carmaker would present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20%, Reuters noted. He said it was too soon to say whether any production sites would be closed.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Schaeuble urged GM to clarify its plans.