May 27, 2024

Opel’s bid for state aid rejected

Pending a situation of uncertainty and a delay of a session destined to reach a decision, Opel finally got an answer from the German government and it will be not receiving any state aid. Yesterday, GM’s request for aid from the federal government in order to keep its Opel unit going clashed with representatives and

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General Motors Opel

German government delayed a vote concerning Opel state aid

The German rescue fund’s four-person steering committee is expected to meet on June 7th to discuss whether to approve General Motors’s request for 1.1 billion euros ($1.3 billion) in federal and regional assistance for its European unit, Opel. Instead of meeting last Friday, the meeting was postponed for tomorrow despite a long line of delays

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