Financial Times FT.com

GM makes pledge on German Opel sites

By Daniel Schäfer in Frankfurt and John Reed and Jean,Eaglesham in London

Published: November 25 2009 02:00 | Last updated: November 25 2009 02:00

General Motors yesterday gave assurances over the future of two of the four German Opel plants, as the carmaker paid back a government bridge loan on time.

After meeting regional politicians, Nick Reilly, interim head of GM's European Opel and Vauxhall operations, pledged that GM would maintain the Bochum plant and the Kaiserslautern transmission plant. Mr Reilly will meet the heads of Opel's European works council today, where he is expected to urge them to shoulder cost savings that GM says it needs to make the carmaker competitive.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this