German Econ Min: Still Looking For European GM/Opel Solution
March 11 2009 - 1:33PM
Dow Jones News
Germany is still working on finding a European solution for
General Motors' (GM) German unit Adam Opel AG, and several measures
are under consideration, German Economics Minister Karl-Theodor zu
Guttenberg said Wednesday.
Speaking after bilateral talks with Swedish Trade Minister Ewa
Bjorling, zu Guttenberg said he had asked his colleague about
Sweden's experience with GM's Saab unit, which recently sought
protection from creditors.
"I'm far from drawing an analogy," zu Guttenberg said. "I
believe that we're working on very different measures in our
country and that we're continuing to search for a European solution
in any form," zu Guttenberg said.
He said there are still unresolved issues regarding GM Europe's
restructuring plan for Opel.
Web sites: www.bundesregierung.de; www.gm.com
-By Andrea Thomas, Dow Jones Newswires; +49 (0)30 - 2888 410;
andrea.thomas@dowjones.com