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Opel renovation - State aid unlikely: Guarantee committee advises against state aid for Opel

Opel renovation - government aid unlikely
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N oh, as before, important prerequisites for supporting Opel's restructuring plan are not met, according to the paper.

The Opel restructuring plan is threatened

Officially, the committee has its Work completed on May 12 without making a recommendation. The federal and state officials have agreed on confidentiality. In a paper that the newspaper has, the experts formulated a series of questions that Opel is said not to have adequately answered.

This threatens to end the Opel restructuring plan. According to the manufacturer, it is urgently dependent on a German guarantee of 1.3 billion euros. A final decision will be made by the steering committee, which is made up of state secretaries, but it is unlikely that it will oppose the other bodies.

According to the guarantee committee, Opel has not submitted any complete financing and has not yet named a bank that will guarantee it Provides loan. The contributions from other European countries and employees are also unclear. The European Opel works council wants to come to an agreement on Wednesday.

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