German "car banks" to seek state guarantees -report

Newswire

FRANKFURT, Nov 8 (Reuters) - The finance arms of three German car companies have agreed to ask for state guarantees to help them raise several billion euros in financing through capital markets, Der Spiegel news magazine reported on Saturday, giving no details of its sources.

In an advance copy of an article for its Nov. 10 edition, the magazine said that the car banks of BMW ,

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