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GM seeks state aid for Opel - Germany

BERLIN (Reuters) - General Motors has made an application to Germany for state aid under which the federal and regional governments would provide 1.5 billion euros (1.3 billion pounds) in guarantees, Economy Minister Rainer Bruederle said on Tuesday. Bruederle added that GM was also seeking a further 1.2 billion euros in aid from Britain, Spain, Poland and Austria.

09 February 2010 11:25 GMT

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BERLIN (Reuters) - General Motors has made an application to Germany for state aid under which the federal and regional governments would provide 1.5 billion euros (1.3 billion pounds) in guarantees, Economy Minister Rainer Bruederle said on Tuesday.

Bruederle added that GM was also seeking a further 1.2 billion euros in aid from Britain, Spain, Poland and Austria.

Opel Chief Executive Nick Reilly earlier on Tuesday unveiled details of the carmaker's eagerly awaited restructuring plan.

(Reporting by Matthias Sobolewski, writing by Paul Carrel)

(c) Reuters 2012. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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