Germany mulls state aid for stricken carmaker Opel

Newswire

By Madeline Chambers BERLIN, Feb 28 (Reuters) - German Chancellor Angela Merkel said on Saturday a decision on state aid for Opel, a struggling unit of U.S. carmaker General Motors , depended on the firm's long-term outlook and on the readiness of banks to help. A day after GM Europe unveiled a plan to spin off Opel to try to avert job cuts and plant closures, government officials started consultations with Economy Minister Karl-Theodor zu Guttenberg speaking to premiers of the states ...

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