Opel CFO plans 300 mln eur cash cushion -source


FRANKFURT, June 29 (Reuters) - Opel's finance chief plans to use just 1.2 billion euros ($1.68 billion) ofa 1.5 billion euro bridge loan from the German government, setting aside the remainder as an emergency reserve, a company source said on Monday. CFO Marco Molinari presented this internal financing plan to Opel's supervisory board on Friday, the person said. Handelsblatt newspaper also reported that Opel planned to set aside 300 million euros of the bridge loan, despite ongoing ...

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