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German government holds crisis talks with GM, Opel
Published in Saudi Press Agency on 06 - 03 - 2009


German government officials held a fresh round of
talks today with representatives of ailing US carmaker General
Motors (GM) and its German subsidiary Opel, according to dpa.
The meeting at Chancellor Angela Merkel's office in Berlin
discussed state aid for the GM offshoot, which reportedly needs 7
billion euros (8.87 billion dollars) to stay afloat.
GM presented its own rescue plan to the government on Monday, but
Merkel told the company's head of European operations, Carl-Peter
Forster, that the measures did not go far enough.
Taking part in Friday's talks were German Economics Minister
Karl-Theodor zu Guttenberg, top finance ministry official Joerg
Asmussen, Forster, GM Chief Operating Officer Fritz Henderson and
Opel chief executive Hans Demant.
The talks come a day after European Union Industry Commissioner
Guenter Verheugen called for a crisis meeting of EU states hosting GM
plants.


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