Desperate Opel dealers have suggested taking a stake in the struggling car company, by funnelling €225 million a year from sales profits into a holding company which would invest in the manufacturer.
<b>In the latest dispatch of <b>Portnoy’s Stammtisch</b>, The Local’s column about life in Germany, Portnoy explains why carmaker Opel deserves to be bailed out – but other Teutonic firms don’t.</b>
<b>German carmaker Opel is reportedly threatening to close three of its plants in Europe and sack 11,000 people as it teeters on the brink of bankruptcy.</b>
The head of the European division of stricken US carmaker General Motors, Carl-Peter Forster, told daily <i>Bild</i> on Wednesday that its German unit Opel will likely have to lay off 3,500 workers.
General Motors's fight to stay alive is creating a storm in Germany, with the fate of Opel putting Chancellor Angela Merkel between a rock and a hard place six months before elections.
Unions are urging Opel plant workers in Germany, and other European staff of US auto giant General Motors (GM), to protest this week in a bid to save their jobs and call for state aid.
The German government is set to give auto maker Opel credit to survive the global slump and financial distress at Opel's US parent, General Motors (GM), a press report said on Tuesday.
Opel, the German subsidiary of US car maker General Motors, will require European state aid to survive, the head of its works council said Monday amid reports the firm could go under with the loss of 25,000 jobs.
The German car maker Opel, a division of US giant General Motors, needs more help in the form of public loan guarantees than expected, a press report said on Friday.
German Finance Minister Peer SteinbrĂĽck said on Thursday the government would not rule out state aid for Opel, the German unit of troubled US carmaker General Motors.
US auto maker General Motors has no current plans to close factories for its German subsidiary Opel, despite rumours to the contrary, the company said late on Tuesday.
Ailing US auto maker General Motors is reportedly poised to close or sell three European factories from its German unit Opel – but state officials in Germany are still hoping to split the two companies.
The German government said Friday it would act quickly to help car maker Opel, which has asked for state-backed loan guarantees in the event its US parent group General Motors goes bankrupt.
Police in the German state of Bavaria arrested around 50 opponents of genetically manipulated crops on Sunday morning after they destroyed a GM corn field near Kitzingen.
Bee-keepers in Germany are increasingly taking their buzzing charges on long commuter journeys to the pollen fields – in order to avoid genetically-manipulated (GM) corn which can contaminate honey.
