German Government 'Will Not Rush' Gm Bail-Out Plan ; Vauxhall Owner has Asked for Pounds 2.97bn in Aid

Daily PostMarch 03, 2009

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Summary


THE German government says it will not be pressured into making a decision on whether to give billions of pounds in state aid to Vauxhall's parent company, General Motors Europe.

GM Europe last week unveiled restructuring plans that included a request for 3.3bn euros (pounds 2.97bn) of state aid from the German and other governments.

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German Government 'Will Not Rush' Gm Bail-Out Plan ; Vauxhall Owner has Asked for Pounds 2.97bn in Aid

Its president, Carl-Peter Forster, said factory closures would have to be considered, though the Daily Po...

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