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NINETY EIGHT REGENCY

OPEL STILL ON TRACK DESPITE AID REJECTION

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OPEL STILL ON TRACK DESPITE AID REJECTION

By Andrew Ganz

Even though the German government balked at the suggestion of bailing out Opel to the tune of $1.3 billion, the General Motors subsidiary says that its long term plans will mostly be able to continue.

The automaker says that it might reduce the scale of some of its investments and that certain vehicle developments might slow, but that overall its future product plans – including a sub-Corsa minicar – are on track.

“Some things may be delayed but not major products,” Opel CEO Nick Reilly said yesterday during a conference call with reporters.

“We are working hard on a small car in the mini segment. We still intend to do it, there will be no delay,” he said of the car that the automaker will develop in Germany and market alongside the Agila (pictured).

Still seeking aid

The automaker is confident that it will receive help from the United Kingdom and Spain, while its talks with Poland show “positive signals.” Opel has also opened dialog with Austria. The automaker has plants in all four countries for either its Opel or Vauxhall-badged vehicles.

Opel says it will take its discussions in its home market of Germany to a state-by-state level. German Prime Minister Angela Merkel will meet with the heads of Hesse, North-Rhine Westphalia, Thueringia and Rheinland-Palatinate, each of which has an Opel facility, in an effort to drum up support for Opel.

link:

http://www.leftlanenews.com/opel-still-on-track-despite-aid-rejection.html

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