Washington / Rüsselsheim - The first hurdle for the rescue of the ailing car maker Opel is taken.
The U.S. parent company, General Motors opened the way for the elimination of European operations. The works, patents and access to technologies have been transferred to the debt, Adam Opel GmbH.
Behind the "gift" for the coalition of Chancellor Angela Merkel, the feverish search for a solution to the survival of Opel, puts the government of President Obama - the main creditors of GM.
The Opel Supervisory Board also approved the trust-to-model that is to the company for a transitional period with a bridge financing gain air.
Opel € 1.5 billion in the short term needs. For the sum of the federal government and the four provinces with Opel works - including NRW will underwrite - with guarantees. In addition there was a meeting yesterday evening with Chancellor Merkel in Berlin. Opel is the trust model, with its 25,000 employees in Germany from the possible insolvency of GM and are kept out ready for a new investor.
Four investors are currently willing to enter to at Opel - Fiat, the auto supplier Magna, the U.S. investment fund Ripplewood, which are given little chance, and the Chinese carmaker BAIC who wants to hand his approach.
The decision on who gets the contract, can last for many more. Fiat and Magna had rectified in terms of jobs, said NRW Minister Ruettgers just before the summit meeting in Berlin. "They will have to see if that was not to be better."
The room is still a possible bankruptcy for the failure of all negotiations. The escrow money would be lost, however - the taxpayer would have to pay for it. Meanwhile, the EU Commission on Friday to meet with the Economic and Industry Ministers of the affected EU appealed-a States.
And GM is firmly pressed up a gear. In the future, will the once forged the world's largest automaker to 70 percent belong to the State. So far, the proportion was 50%.
U.S. President Obama would thus in effect a new GM chief. Lashed to the new ownership soon after the anticipated insolvency of Autoschmiede. On Monday an ultimatum from Obama is running out. Until then, the Group has still time to submit a recovery plan.
Key points are an agreement with the unions about a reduction in personnel costs and an agreement with its creditors over a debt waiver. GM is among them, with 27 billion U.S. dollars in debt, and offered in exchange for ten percent of the shares. Few took in the past.
