The German government believes that Opel and parent group General Motors have sufficient financing to continue through into April.

Gagmar Woehrl, a junior economy minister, told Reuters today: “What is positive is that money is apparently still there for them to carry on.”

Earlier this week,  Germany’s economy minister said GM appeared willing to help Europeans save Opel.

Karl-Theodor zu Guttenberg, speaking after talks with GM CEO Rick Wagoner in Washington yesterday, said it was essential for GM to find a private investor and one scenario could involve GM taking a minority stake in Opel.

Germany was open to the possibility of helping Opel, the report added, but has said it needed to be sure no state support would find its way to GM, which is seeking more bailout help from the US government to survive.

Opel has said it needs EUR3.3bn in financial guarantees from European governments where it has factories to avoid a liquidity crunch in the coming months.