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BREAKING NEWS

Berlin says no aid cash for Opel

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Berlin says no aid cash for Opel

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The German government has rejected General Motors’ request for 1.1 billion euros in state loan guarantees for Opel.

Economy Minister Rainer Bruederle said a government committee considering the aid request had failed to reach a unanimous decision and added he was convinced GM had enough money to complete an overhaul of Opel.

The head of Opel’s union Klaus Franz called the decision “incomprehensible” and “shameful.”

He said he was happy that German states with Opel plants had reaffirmed aid offers.