German rescue fund to discuss extending Opel aid

Newswire

FRANKFURT, May 31 (Reuters) - Business advisors to Germany's rescue fund meet in Berlin on Monday to discuss whether to recommend extending over 1 billion euros ($1.23 billion) in loan guarantees to German carmaker Opel. Parent General Motors [GM.UL] had requested state aid from European governments to help fund a costly turnaround plan at Opel that would shrink its production and labour capacity by about 20 percent. GM's own return to the black has provided opponents within Germany ...

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