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GM triples Opel financing

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GM triples Opel financing

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General Motors has tripled the mount of money it will put into the restructuring of its European arm Opel and Vauxhall and reduced the amount of state aid it wants.

European governments – particularly Germany – had been cool to the idea of funnelling taxpayer funds into Opel.

The US carmaker had now said it will provide nearly two billion euros in equity and loans and is asking for about the same from European countries.