Sunday, February 22, 2009

Germany and the United States wants to save Opel


German Economics Minister Karl-Theodor zu Gutenberg stated that representatives of the Ministry of Finance will establish an informal working group of the United States to find ways of saving the German avtokontserna Opel, owned by the American Automobile Corporation General Motors Corp. (GM), transmits Associated Press.

The head of German Economic Office has said that he contacted the U.S. economy minister Timothy Geytnerom and they have agreed that during his first visit to U.S. in March 2009 as they discuss this issue.

Recall earlier Opel said that to overcome the economic crisis, it needs investment of 3.2 billion euros, and requested that amount as a state of economic assistance from Germany, but the German Government considered that the first owner of Opel - U.S. General Motors -- should provide a plan of salvation of its affiliated companies and show how it can make investments in the company belonging to it.

Opel car company, whose products is the third most popular in Germany (after Volkswagen and Mercedes-Benz), produces cars at plants in Germany, Britain, Belgium and Poland. In Europe, the Group provides jobs 25 thousand employees.

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