Germany has yet to decide whether it could offer financial aid for Opel if the company remains with its US parent General Motors, German finance minister Peer Steinbrueck said on Wednesday.
Go deeper with GlobalData
“We must wait and see,” Steinbrueck said when asked this question by Reuters in Berlin. It would depend on how much money GM was prepared to put on the table, he added.
“Are they prepared to, are they in a position to, where would they get the money from?” Steinbrueck said.
The comments reflect a softening of the government’s earlier stance that had suggested no funding would be forthcoming unless the GM board agreed to a majority stake sale to a Canada-Russia consortium led by Magna International.
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.
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
