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Germany/United States: Meeting to rescue Opel ends in Berlin without results.

Thai Press Reports

| March 09, 2009 | COPYRIGHT 2008 Thai News Services. (Hide copyright information)Copyright

Section: Business News - The meeting between German government and the U.S. company General Motors (GM) on rescuing its subsidiary Opel ended here on Friday without results.

"Many problems have to be cleared up," said German Economic Minister Karl-Theodor zu Guttenberg after meeting with the officials of GM and Opel in Berlin.

The meeting was to solve the problem of state aid to GM's subsidiary Opel, which needs 7 billion euros (about 8.89 billion U. S. dollars) to keep operating, according to the report of German News Agency DPA.

GM presented its own rescue plan to German government on Monday, but German Chancellor Angela Merkel thought it was not enough. …

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