Financial Times FT.com

GM looks at shelving Opel plan

By John Reed in London

Published: August 24 2009 19:07 | Last updated: August 25 2009 12:19

General Motors is looking at shelving a German-backed bail-out of its Opel European car arm amid growing fears that long-running talks on the deal will end in failure.

The US carmaker and its advisers are studying a scenario that would see GM abandon the German plan and instead raise roughly €3bn ($4.3bn) of rescue funds for Opel and its British Vauxhall brand from the US and other European governments, including the UK and Spain.

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

Read this