TIMELINE-GM profit undermines state aid for Opel

Newswire

May 25 (Reuters) - No definitive decision on German aid for carmaker Opel should be expected on Tuesday, economy minister Rainer Bruederle said, leaving open the fate of thousands of jobs at the General Motors [GM.UL] unit. [ID:nLDE64O0J4] The steering committee of Germany's rescue fund is to meet on Tuesday to recommend whether taxpayers should backstop loans to Opel worth about 1.3 billion euros ($1.6 billion) that would finance 8,300 upcoming job cuts. Loss-making Opel is seeking ...

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