Opel will receive Government of Spain 3 billion euro aid
CRI news Spain Aragón autonomous local Government announced this week a foreign, Spain's Central Government and local government in the autonomous region Aragon has decided to General Motors under automotive sector Opel, scale up to 3 billion euros (contract 3.582 billion)
Aragon local government issued a statement on its website says: "the Central Government in the autonomous regions of Spain and the Aragon government agreements, we have agreed to provide a maximum of 3 Opel billion euros of aid funds. ”
Earlier General Motors has expressed the wish that the requirements of the European Governments to their European Opel departments provide assistance to complete a costly restructuring programmes. Data display, this programme will allow Opel cuts the production capacity of approximately 20%.
General Motors has stated that restructuring will cost Opel total or will reach 37 million euros. Universal has external commitments provide for Opel's reorganization of 19 billion euros, more than half the cost.
According to media reports claimed that Germany Ministry spokesman Sarah Schneid also on December 7, said Germany Government Steering Committee will meet on 9 June, talks to whether Opel to discuss issues relating to provide assistance. Germany, in accordance with the plan, the Minister of Economic Affairs brewood Lei (Rainer Bruederle) will make a final decision on the aid scheme. It is reported that the main content of this discussion will be the General Motors from Germany's Federal Government for about 11 million euros of loan guarantees.
Earlier, to provide loan assistance, Opel brewood Lei has attitude, strongly disagreed. He said that for Opel's qualifications he doubted. It is understood that Germany has General Motors in 2009, the final decision to retain their European business but feel angry because common after a few months before denying consultations to agree to the Opel sold to Canada auto parts maker Magna International (Magna International Inc) and two partner OAO Sberbank Russia and OAO Gaz. Germany has promised that if Magna's acquisition of majority stake in Opel, the country will be the new Opel company providing government assistance. (Yi Hai)