11/08/2009

GM wants more government money from European countries

The WSJ has this:

GM now intends to keep Opel and its sister brand Vauxhall, but needs to update its restructuring plan in order to win financing for the move from Germany, the U.K., Poland and Spain. GM said Tuesday it needs €3 billion ($4.45 billion) in government financing, but in recent days has indicated it may have other ways to help fund a restructuring, including using its own liquidity. . . .

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