Thursday, May 28, 2009

Opel talks stall on GM financing demand


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Financial Times
Breaking news
Thursday May 28 2009

Breaking News
 
Opel talks stall on GM financing demand
The future of Opel hung in the balance on Thursday morning after top-level talks led by the German government aimed at securing a state-backed bail-out for the General Motors-owned carmaker ended in failure after the US carmaker demanded an extra €300m in financing.

Berlin blamed GM and the US Treasury for the failure of the talks and said Opel would become insolvent if a deal was not struck by by Friday night.
http://link.ft.com/r/BLH300/AHRGW/RU20X/TX49F/GCRTJ/82/h
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