Financial Times FT.com

Opel’s fate becomes part of German politics

By Bertrand Benoit in Berlin

Published: May 4 2009 19:16 | Last updated: May 4 2009 19:16

Berlin has no say in which suitor will secure Opel, a decision that rests solely in the hands of General Motors, but it is the destination of choice for anyone wanting to get their hands on the carmaker.

The government has promised to support the future owner with credit guarantees and is using its influence strongly to shape the transaction in the form of a set of criteria elaborated by vice-chancellor, Frank-Walter Steinmeier.

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