Opel has hundreds of millions of euros in cash, the chairman of the trust overseeing the automaker said on Monday.
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“I know only that a nine-digit cash amount is on hand,” Fred Irwin told Reuters, adding the exact figure was toward the low hundreds of millions.
He said time was against the idea of finding a completely new investor other than Magna International, which is negotiating with GM to strike a binding agreement to buy Opel along with Russian partners.
GM’s conditions slow Opel sale
