BERLIN, Feb 27 (Reuters) - Stricken U.S. carmaker General Motors unveils a restructuring plan for its German Opel unit on Friday which Chancellor Angela Merkel's government has been waiting for before deciding on what aid to grant the firm. The plan could include thousands of job cuts and possible factory closures [ID:nLR307222]. Opel, hit by a slump in demand due to the global downturn, needs about 3.3 billion euros to keep afloat to the end of 2011, a company source said last week. ...
Premium Content (PAID Subscription Required)
"SCENARIOS-What options is German govt considering for Opel?" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.