Sun, May 31, 2009 - Page 11 News List

Germany, Magna agree on Opel deal

RESCUE PLAN: The deal, endorsed by senior German officials and the US Treasury, included bridge financing of US$2.1 billion and a trustee model for the carmaker

REUTERS , BERLIN

Based in Ruesselsheim near Frankfurt, Opel employs 25,000 staff in four German plants.

It is part of a GM Europe operation that employs more than 50,000, with car manufacturing plants in Spain, Poland, Belgium and Britain, where Opel cars are sold under the Vauxhall brand, as well as engine and parts sites such as Aspern near Vienna.

This story has been viewed 1274 times.
TOP top