General Motors will further increase the funding for Opel reorganization
Tencent's car at General Motors Germany funding application materials revealed that the company will work through loans and deposits guaranty further enhance their Opel to help complete the restructuring of the latter.
According to PricewaterhouseCoopers accountants in Germany Government commissioned the preparation of a report to the General Motors does not provide additional to Opel in cash grants, instead, General Motors will provide to Opel for two sum total value 10.6 billion euros of loans and Germany a pen for government funding, value 2.45 billion euros in guarantees, so as to achieve the promise of 19 billion euros.
In March of this year, GM announced its sponsorship of Opel to line of credit to the original plan of three times, but at that time the company has no instructions how to make its funding limit reached the level of commitment. According to original plans, General Motors to Opel for support the amount of 6 million euros, but then the European governments requested the United States automobile giants to further increase the funding for Opel.
Germany's Chancellor Angela Merkel's Christian Democratic Union (Christian Democratic Union) economic policy issues Parliament press spokesman fee Buddha-(Joachim Pfeiffer) said in an interview: "I'm for GM requests of government funding. We must be careful in handling this matter. But it is clear that General Motors has sufficient funds to complete the Opel. ”
General Motors latest results show that the company's first quarter net income of $ 8.65 billion. But in this case, GM still want from Germany and other European countries the Government providing more funding to complete the Opel's reorganization. According to General Motors developed by Opel restructuring programme, General Motors will provide the Germany car manufacturers to introduce new models, while also expanding its business to other markets.
Currently, GM spokesman m Orem (Renee Rashid-Merem) and Opel, spokesman mo Kratos (Andreas Kroemer) refused to comment on the above message. (Yi Hai)