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wildcat

Opel "weeks away" from collapse

14 posts in this topic

wildcat    0

Opel urgently needs money to prevent a cash crisis that could result in the total failure of its operations. The time frame is weeks. The cash-starved General Motors brand has appealed to governments in European nations where it has operations to supply emergency funding to bridge a €3.3 billion liquidity shortage. German Economy Minister Karl-Theodor zu Guttenberg said today he will not be pressured into making a quick decision on granting state aid to struggling Opel.

http://www.worldcarfans.com/9090302.005/op...y-from-collapse

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longtooth    0

You're welcome.

This type of morbid announcement is getting more commonplace.

The various Governments and Corporations are into some heavy-duty brinkmanship-playing.

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evok    0

Yea - It is a big lie that GME's revenue was down 40% and production was down 50% in the last quarter.

Must be a big lie that GME lost a cool $1 billion dollars.

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ZL-1    160
German Economy Minister Karl-Theodor zu Guttenberg

Now there's a proper name for a Minister. Aristocratic, it imposes respect and reverence! :P

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ocnblu    733
Nah, too reminiscent of a sandwich.

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