Saturday, 21 February 2009

Carmaker Opel in trouble


The German car maker Opel a division of US giant General Motors needs more help in the form of public loan guarantees.Opel's cash needs at €3.3 billion.Opel has been slammed by slumping auto markets.GM directors opened the door this week to an Opel spin-off within the framework of a broad restructuring of GM's European activities.

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