Qiddiya City to open Aquarabia water park around Eid al-Fitr holidays    Crown Prince, Syrian president discuss cooperation in phone call    Hyundai Motors to use humanoid robots in factories    Saudi scholar wins Larson Lab Award for AI research    SDAIA study: Saudi Arabia tops countries developing Arabic language models in 2025    Minnesota Gov. Tim Walz drops reelection bid amid welfare fraud scandal    Venezuela swears in Delcy Rodriguez as interim president after Maduro pleads not guilty in US court    Southern Transitional Council chief heads to Riyadh for talks: Report    Syria denies rumors of security incident targeting president Al-Sharaa    Johara Almutairi named among FAO's top 200 young leaders worldwide    Shoura speaker underscores strengthening Saudi relations during meeting with newly appointed ambassadors    Deputy foreign minister meets senior advisor to U.S. president and spokesman of Palestinian presidency    Al Hilal move top of Saudi Pro League with 2-0 win over Damac    Ivan Toney ends Al Nassr's unbeaten run as Al Ahli win thriller 3-2    Saudi women post highest-ever medal haul at regional tournament in 2025    Al Hilal close gap on leaders Al Nassr with 3-1 win over Al Kholood    Skip the fads: What health experts say actually works as 2026 begins    Pioneering treatment reverses incurable blood cancer in some patients    Maestro unveils 3 new flavors in collaboration with Netflix    HONOR and Rotana Music Group announce Strategic Partnership, capturing unrepeatable moments at "Mohamed Abdo Sha'biyat Night"    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU ministers discuss controversial Opel rescue plan
Published in Saudi Press Agency on 24 - 09 - 2009


European Union industry ministers were meeting in
Brussels today to discuss growing concerns that Berlin's rescue
of trouble carmaker Opel may jeopardize jobs outside Germany, according to dpa.
British Business Secretary Peter Mandelson fired the latest salvo
with a letter to the European Commission questioning the viability of
Magna International's plan to buy Opel from General Motors.
"We do not believe the case has been demonstrated that the current
Magna proposal is commercially the most viable plan," Mandelson wrote
in the letter, extracts of which were published by the Financial
Times on Thursday.
Mandelson urged the EU executive in Brussels to ensure "a
commercially based outcome rather than one determined by political
intervention and subsidies."
A commission spokesman confirmed receiving the letter, but pointed
out that his office would not be taking a position until it received
the official plan from Berlin, which is not likely before Sunday's
German general election.
"We do not expect to receive the plan before next week," Jonathan
Todd, spokesman for Competition Commissioner Neelie Kroes, told the
German Press Agency dpa.
Opel employs more than 25,000 people in four factories in Germany,
but also has plants in Belgium, Poland, Spain and Austria. Opel's
sister company in Britain is called Vauxhall.
Some 5,000 Opel workers rallied Wednesday in Antwerp to protest
against the possible closure of Opel's Belgian plant. A similar
protest was held in the Spanish town of Zaragoza on Saturday.
The German government is underwriting the Magna deal with 4.5
billion euros (6.6 billion dollars) in loans and credit guarantees.
But concerns that Berlin may only provide financial aid if jobs
are preserved in Germany have sparked angry responses from other
member states.


Clic here to read the story from its source.