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EU to Host Talks on Opel 's Future with GM, European Governm

Detroit News - Auto Insider - AP -- The European Union will host a high-level meeting between GM and EU governments next week to discuss restructuring plans and aid for the troubled Opel unit, officials said Wednesday.

He said GM was looking for around euro3.3 billion ($4.9 billion) in loans from European governments to finance redundancies as well as restructuring. He said this was less than the euro4-5 billion required by Canadian carmaker Magna, which had bid to buy GM's European operations


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Submitted Nov 18, 2009 By: fordmexico
Category: Daily News Article Discussions > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EU to Host Talks on Opel 's Future with GM, European Governm Post a Reply Back to Topics
REPLIES (newest first)
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Champion Author Oakland

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Joined:Dec 2007
Message Posted: Nov 18, 2009 11:24:02 PM

GM is looking at getting money from all governments. Not just the United States.
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All-Star Author South Carolina

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Points:248,070
Joined:Sep 2008
Message Posted: Nov 18, 2009 11:21:32 PM

Sure, let other governments foot the GM bill too!
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All-Star Author San Diego

Posts:784
Points:236,015
Joined:Jul 2008
Message Posted: Nov 18, 2009 11:19:13 PM

The OPAL is another desperate Auto idea like the YUGO, the FIAT, the RENAULT and several others that should just Die a quiet death.
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Champion Author Akron

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Message Posted: Nov 18, 2009 11:09:58 PM

Sell Opel.
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Champion Author San Bernardino

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Message Posted: Nov 18, 2009 11:07:49 PM

It would be better to give this money to the people, where it would do some good, not to GM.
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Champion Author St. Louis

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Message Posted: Nov 18, 2009 11:05:37 PM

The U.S. bailout didn't work why would a european bailout be any different?
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Champion Author Dayton

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Message Posted: Nov 18, 2009 11:04:21 PM

glad our bail out money is helping europe
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Champion Author Kentucky

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Message Posted: Nov 18, 2009 11:02:01 PM

Don't think this'll end well...
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Champion Author Dayton

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Message Posted: Nov 18, 2009 10:57:52 PM

Government Motors and Governments at work.
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Champion Author Phoenix

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Message Posted: Nov 18, 2009 10:56:36 PM

GM is still trying to suck up taxpayer money.
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Champion Author Illinois

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Message Posted: Nov 18, 2009 10:49:31 PM

Let the market decide their future. If the cars are any good, bring them to America.
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Champion Author San Francisco

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Message Posted: Nov 18, 2009 10:48:16 PM

Who cares?
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Champion Author Worcester

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Message Posted: Nov 18, 2009 10:47:55 PM

good luck!
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Rookie Author Lansing

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Message Posted: Nov 18, 2009 10:45:40 PM

Maybe they should of sold some Opel in the US market.
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Champion Author Oakland

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Message Posted: Nov 18, 2009 10:40:30 PM

I bet Europe wont take stocks like we did that can lose billions of tax payers dollars.
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Sophomore Author Sacramento

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Message Posted: Nov 18, 2009 10:32:48 PM

no cents!
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Sophomore Author Sacramento

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Message Posted: Nov 18, 2009 10:30:12 PM

$$
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Champion Author Las Vegas

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Message Posted: Nov 18, 2009 10:26:27 PM

GM looking for more bailout funds (thankfully it is not the US taxpayers on the hook again). GM needs to go out of business.
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Champion Author Honolulu

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Message Posted: Nov 18, 2009 10:25:04 PM

Non-competitiveness
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Champion Author Ventura

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Message Posted: Nov 18, 2009 10:19:05 PM

I saw in a news item the other day that GM is sitting on $42.5 billion in cash. Sorry, but that seems like a lot of money to me.
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Champion Author Wisconsin

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Message Posted: Nov 18, 2009 10:18:23 PM

Opel smopel, who cares, eh.
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Champion Author Oklahoma City

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Message Posted: Nov 18, 2009 10:17:03 PM

more of our $$$ going to other countries
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Champion Author Lexington

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Message Posted: Nov 18, 2009 10:11:03 PM

GM said they made all that money yet here they are again with their hand out.
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Veteran Author Dallas

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Message Posted: Nov 18, 2009 10:01:07 PM

They can't or won't borrow from banks. Costs too much because the banks know it won't be paid back....
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Champion Author Orange County

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Message Posted: Nov 18, 2009 9:56:58 PM

GM and EU governments; I didn't know Government Motors had a government. Which representative of all those EU countries; their secretary of state; their Paintball wizzards; Most Euro Gubamints could care less about OPEL
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Champion Author Michigan

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Message Posted: Nov 18, 2009 9:52:44 PM

Looks they are always looking for a handout. They should learn from their mistakes.
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Champion Author South Carolina

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Message Posted: Nov 18, 2009 9:51:19 PM

Yeah, with OUR tax dollars. This SUX!!!
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Rookie Author Ontario

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Message Posted: Nov 18, 2009 9:49:53 PM

They should run their business well enough so that they can borrow from the bank like everyone else.
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Champion Author Chicago

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Message Posted: Nov 18, 2009 9:49:21 PM

Quit complaining about the government unless you are voting and running for office.
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Champion Author Omaha

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Message Posted: Nov 18, 2009 9:45:57 PM

what do you expect from a government run car company
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Champion Author Saskatchewan

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Message Posted: Nov 18, 2009 9:44:30 PM

If they can't make it on their own then they should've sold it not kept it!

Let them crash!
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Sophomore Author San Bernardino

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Message Posted: Nov 18, 2009 9:43:04 PM

Ok
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Champion Author Chicago

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Message Posted: Nov 18, 2009 9:27:14 PM

Go GM GO!
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All-Star Author Toronto

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Message Posted: Nov 18, 2009 9:25:59 PM

I'll keep all of your well-informed views in mind when I attend the meeting.
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Champion Author California

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Message Posted: Nov 18, 2009 9:25:32 PM

Their decision will probably be that the US should pay the EU's loans.
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Champion Author Rochester

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Message Posted: Nov 18, 2009 9:21:30 PM

What a mess
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Champion Author Michigan

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Message Posted: Nov 18, 2009 9:06:37 PM

Keep it make a profit or close it, PERIOD.
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All-Star Author London

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Message Posted: Nov 18, 2009 8:58:24 PM

GM is still poorly operated. They should have been forced to sell off Opel not use our money in Europe to save their butt. Now they want more bonus money from the Europeans to pay themselves a bonus offshore.
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Champion Author Milwaukee

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Message Posted: Nov 18, 2009 8:54:19 PM

Spin it off pronto!
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Champion Author Pittsburgh

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Message Posted: Nov 18, 2009 8:52:04 PM

Gees, what an awful lot of businessmen have the answer's for huh.. I think GM will survive....
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Champion Author San Bernardino

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Message Posted: Nov 18, 2009 8:44:29 PM

THE U.S. BAILS THEM OUT AND NOW THEY WANT EUROPE TO DO THE SAME.
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All-Star Author Tucson

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Message Posted: Nov 18, 2009 8:42:12 PM

What the h*** is going on with GM? Crawl off and die!!!! Quit pestering the world with your crap.
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Champion Author Dallas

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Message Posted: Nov 18, 2009 8:35:42 PM

I thought this had already been taken care of
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Champion Author San Diego

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Message Posted: Nov 18, 2009 8:34:03 PM

LETS SEE HOW MUCH MONEY THE EUROPEAN UNION IS GOING UP. I THINK ABOUT 10 BILLION SOUNDS LIKE A PRETTY FAIR AMOUNT.
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Champion Author Grand Rapids

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Message Posted: Nov 18, 2009 8:24:52 PM

What kind of crap is this? I thought that the U.S. already bailed out 2 companies and that result is questionable. Next, we'll have the Asian governments bailing out Asian car companies. Oh, oh! I forgot! The Asian government already owns them.
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Champion Author Austin

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Message Posted: Nov 18, 2009 8:22:13 PM

Gm is done for and just bidding their time. They had their chance and blew it!
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Champion Author Toledo

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Message Posted: Nov 18, 2009 8:12:50 PM

make them pay
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Champion Author Orlando

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Message Posted: Nov 18, 2009 8:01:00 PM

Maybe if the GM execs concentrated on making quality vehicles instead of seeing how many millions of dollars they could steal from the company, GM might survive. I doubt it, though.
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Champion Author Los Angeles

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Message Posted: Nov 18, 2009 8:00:41 PM

Troubled times for GM ...
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Champion Author Florida

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Message Posted: Nov 18, 2009 7:54:41 PM

old news
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