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EU to Host Talks on Opel 's Future with GM, European Governm

Detroit News - Auto Insider - AP -- The European Union will host a high-level meeting between GM and EU governments next week to discuss restructuring plans and aid for the troubled Opel unit, officials said Wednesday.

He said GM was looking for around euro3.3 billion ($4.9 billion) in loans from European governments to finance redundancies as well as restructuring. He said this was less than the euro4-5 billion required by Canadian carmaker Magna, which had bid to buy GM's European operations

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Submitted Nov 18, 2009 By: fordmexico

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Amtrgas Champion Author Oakland Posts:1,673 Points:627,805 Joined:Dec 2007	Message Posted: Nov 18, 2009 10:24:02 PM Ignore Amtrgas Report Abuse GM is looking at getting money from all governments. Not just the United States.
Insp0999 All-Star Author South Carolina Posts:635 Points:248,070 Joined:Sep 2008	Message Posted: Nov 18, 2009 10:21:32 PM Ignore Insp0999 Report Abuse Sure, let other governments foot the GM bill too!
rodzilla123 All-Star Author San Diego Posts:784 Points:235,265 Joined:Jul 2008	Message Posted: Nov 18, 2009 10:19:13 PM Ignore rodzilla123 Report Abuse The OPAL is another desperate Auto idea like the YUGO, the FIAT, the RENAULT and several others that should just Die a quiet death.
jimgraham Champion Author Akron Posts:4,425 Points:829,860 Joined:Oct 2007	Message Posted: Nov 18, 2009 10:09:58 PM Ignore jimgraham Report Abuse Sell Opel.
WCCurtis Champion Author San Bernardino Posts:2,148 Points:742,370 Joined:Oct 2005	Message Posted: Nov 18, 2009 10:07:49 PM Ignore WCCurtis Report Abuse It would be better to give this money to the people, where it would do some good, not to GM.
mvosevich Champion Author St. Louis Posts:3,435 Points:694,980 Joined:Aug 2004	Message Posted: Nov 18, 2009 10:05:37 PM Ignore mvosevich Report Abuse The U.S. bailout didn't work why would a european bailout be any different?
mstearno Champion Author Dayton Posts:3,023 Points:629,115 Joined:Jan 2008	Message Posted: Nov 18, 2009 10:04:21 PM Ignore mstearno Report Abuse glad our bail out money is helping europe
HEBster Champion Author Kentucky Posts:3,098 Points:1,234,110 Joined:May 2006	Message Posted: Nov 18, 2009 10:02:01 PM Ignore HEBster Report Abuse Don't think this'll end well...
52MPG Champion Author Dayton Posts:1,412 Points:591,815 Joined:Apr 2006	Message Posted: Nov 18, 2009 9:57:52 PM Ignore 52MPG Report Abuse Government Motors and Governments at work.
GasMiserAZ Champion Author Phoenix Posts:4,791 Points:525,075 Joined:Aug 2008	Message Posted: Nov 18, 2009 9:56:36 PM Ignore GasMiserAZ Report Abuse GM is still trying to suck up taxpayer money.
ILANGE9 Champion Author Illinois Posts:1,677 Points:447,335 Joined:Sep 2008	Message Posted: Nov 18, 2009 9:49:31 PM Ignore ILANGE9 Report Abuse Let the market decide their future. If the cars are any good, bring them to America.
krisli Champion Author San Francisco Posts:1,993 Points:775,940 Joined:Apr 2007	Message Posted: Nov 18, 2009 9:48:16 PM Ignore krisli Report Abuse Who cares?
abcdMA Champion Author Worcester Posts:2,238 Points:444,470 Joined:Nov 2008	Message Posted: Nov 18, 2009 9:47:55 PM Ignore abcdMA Report Abuse good luck!
B_John Rookie Author Lansing Posts:33 Points:36,060 Joined:Jul 2009	Message Posted: Nov 18, 2009 9:45:40 PM Ignore B_John Report Abuse Maybe they should of sold some Opel in the US market.
CiVX Champion Author Oakland Posts:2,118 Points:356,785 Joined:Feb 2009	Message Posted: Nov 18, 2009 9:40:30 PM Ignore CiVX Report Abuse I bet Europe wont take stocks like we did that can lose billions of tax payers dollars.
sssowinski Sophomore Author Sacramento Posts:155 Points:34,115 Joined:Jul 2008	Message Posted: Nov 18, 2009 9:32:48 PM Ignore sssowinski Report Abuse no cents!
lisamls Sophomore Author Sacramento Posts:115 Points:27,100 Joined:Jul 2008	Message Posted: Nov 18, 2009 9:30:12 PM Ignore lisamls Report Abuse $$
DEG Champion Author Las Vegas Posts:11,937 Points:2,372,070 Joined:Jul 2003	Message Posted: Nov 18, 2009 9:26:27 PM Ignore DEG Report Abuse GM looking for more bailout funds (thankfully it is not the US taxpayers on the hook again). GM needs to go out of business.
hwnguy Champion Author Honolulu Posts:2,300 Points:498,880 Joined:Apr 2008	Message Posted: Nov 18, 2009 9:25:04 PM Ignore hwnguy Report Abuse Non-competitiveness
Somis1 Champion Author Ventura Posts:7,464 Points:1,498,910 Joined:Jul 2005	Message Posted: Nov 18, 2009 9:19:05 PM Ignore Somis1 Report Abuse I saw in a news item the other day that GM is sitting on $42.5 billion in cash. Sorry, but that seems like a lot of money to me.
dollarwatcher Champion Author Wisconsin Posts:2,093 Points:383,700 Joined:Mar 2007	Message Posted: Nov 18, 2009 9:18:23 PM Ignore dollarwatcher Report Abuse Opel smopel, who cares, eh.
eaglev Champion Author Oklahoma City Posts:2,289 Points:592,165 Joined:Jul 2005	Message Posted: Nov 18, 2009 9:17:03 PM Ignore eaglev Report Abuse more of our $$$ going to other countries
Number43 Champion Author Lexington Posts:2,603 Points:504,340 Joined:Oct 2008	Message Posted: Nov 18, 2009 9:11:03 PM Ignore Number43 Report Abuse GM said they made all that money yet here they are again with their hand out.
GasHound2009 Veteran Author Dallas Posts:287 Points:108,880 Joined:May 2009	Message Posted: Nov 18, 2009 9:01:07 PM Ignore GasHound2009 Report Abuse They can't or won't borrow from banks. Costs too much because the banks know it won't be paid back....
OHMS Champion Author Orange County Posts:6,689 Points:733,435 Joined:May 2005	Message Posted: Nov 18, 2009 8:56:58 PM Ignore OHMS Report Abuse GM and EU governments; I didn't know Government Motors had a government. Which representative of all those EU countries; their secretary of state; their Paintball wizzards; Most Euro Gubamints could care less about OPEL
2granny Champion Author Michigan Posts:3,137 Points:310,280 Joined:Apr 2009	Message Posted: Nov 18, 2009 8:52:44 PM Ignore 2granny Report Abuse Looks they are always looking for a handout. They should learn from their mistakes.
Gas_Buzzer Champion Author South Carolina Posts:8,637 Points:1,536,800 Joined:Sep 2005	Message Posted: Nov 18, 2009 8:51:19 PM Ignore Gas_Buzzer Report Abuse Yeah, with OUR tax dollars. This SUX!!!
TBayLiberty Rookie Author Ontario Posts:1 Points:72,045 Joined:Oct 2008	Message Posted: Nov 18, 2009 8:49:53 PM Ignore TBayLiberty Report Abuse They should run their business well enough so that they can borrow from the bank like everyone else.
DosEquis26 Champion Author Chicago Posts:1,494 Points:952,600 Joined:Jun 2006	Message Posted: Nov 18, 2009 8:49:21 PM Ignore DosEquis26 Report Abuse Quit complaining about the government unless you are voting and running for office.
Chitowner Champion Author Omaha Posts:1,676 Points:475,520 Joined:Jul 2007	Message Posted: Nov 18, 2009 8:45:57 PM Ignore Chitowner Report Abuse what do you expect from a government run car company
14of45SSR Champion Author Saskatchewan Posts:1,537 Points:340,430 Joined:Dec 2008	Message Posted: Nov 18, 2009 8:44:30 PM Ignore 14of45SSR Report Abuse If they can't make it on their own then they should've sold it not kept it! Let them crash!
JoseM Sophomore Author San Bernardino Posts:111 Points:218,720 Joined:Apr 2009	Message Posted: Nov 18, 2009 8:43:04 PM Ignore JoseM Report Abuse Ok
WIPACKERFAN Champion Author Chicago Posts:3,063 Points:703,885 Joined:Aug 2005	Message Posted: Nov 18, 2009 8:27:14 PM Ignore WIPACKERFAN Report Abuse Go GM GO!
Cheney All-Star Author Toronto Posts:934 Points:1,590,995 Joined:May 2004	Message Posted: Nov 18, 2009 8:25:59 PM Ignore Cheney Report Abuse I'll keep all of your well-informed views in mind when I attend the meeting.
georgeo Champion Author California Posts:1,519 Points:59,655 Joined:May 2009	Message Posted: Nov 18, 2009 8:25:32 PM Ignore georgeo Report Abuse Their decision will probably be that the US should pay the EU's loans.
jjjleblanc Champion Author Rochester Posts:1,429 Points:464,545 Joined:Jun 2008	Message Posted: Nov 18, 2009 8:21:30 PM Ignore jjjleblanc Report Abuse What a mess
hangupanddrive Champion Author Michigan Posts:1,600 Points:1,104,655 Joined:Aug 2005	Message Posted: Nov 18, 2009 8:06:37 PM Ignore hangupanddrive Report Abuse Keep it make a profit or close it, PERIOD.
OGW All-Star Author London Posts:560 Points:503,740 Joined:Sep 2005	Message Posted: Nov 18, 2009 7:58:24 PM Ignore OGW Report Abuse GM is still poorly operated. They should have been forced to sell off Opel not use our money in Europe to save their butt. Now they want more bonus money from the Europeans to pay themselves a bonus offshore.
pgerassi Champion Author Milwaukee Posts:4,985 Points:998,825 Joined:Apr 2007	Message Posted: Nov 18, 2009 7:54:19 PM Ignore pgerassi Report Abuse Spin it off pronto!
MINER Champion Author Pittsburgh Posts:7,640 Points:2,311,380 Joined:Jul 2002	Message Posted: Nov 18, 2009 7:52:04 PM Ignore MINER Report Abuse Gees, what an awful lot of businessmen have the answer's for huh.. I think GM will survive....
TRAIN RIDER Champion Author San Bernardino Posts:3,408 Points:1,624,170 Joined:Oct 2004	Message Posted: Nov 18, 2009 7:44:29 PM Ignore TRAIN RIDER Report Abuse THE U.S. BAILS THEM OUT AND NOW THEY WANT EUROPE TO DO THE SAME.
Chiron All-Star Author Tucson Posts:745 Points:277,250 Joined:Aug 2008	Message Posted: Nov 18, 2009 7:42:12 PM Ignore Chiron Report Abuse What the h*** is going on with GM? Crawl off and die!!!! Quit pestering the world with your crap.
suzyq2007 Champion Author Dallas Posts:1,996 Points:618,310 Joined:Oct 2007	Message Posted: Nov 18, 2009 7:35:42 PM Ignore suzyq2007 Report Abuse I thought this had already been taken care of
DABEE1073 Champion Author San Diego Posts:2,081 Points:420,085 Joined:Jun 2008	Message Posted: Nov 18, 2009 7:34:03 PM Ignore DABEE1073 Report Abuse LETS SEE HOW MUCH MONEY THE EUROPEAN UNION IS GOING UP. I THINK ABOUT 10 BILLION SOUNDS LIKE A PRETTY FAIR AMOUNT.
Ken2OD Champion Author Grand Rapids Posts:3,202 Points:820,420 Joined:Dec 2005	Message Posted: Nov 18, 2009 7:24:52 PM Ignore Ken2OD Report Abuse What kind of crap is this? I thought that the U.S. already bailed out 2 companies and that result is questionable. Next, we'll have the Asian governments bailing out Asian car companies. Oh, oh! I forgot! The Asian government already owns them.
outlaw329 Champion Author Austin Posts:1,933 Points:293,730 Joined:Aug 2008	Message Posted: Nov 18, 2009 7:22:13 PM Ignore outlaw329 Report Abuse Gm is done for and just bidding their time. They had their chance and blew it!
foxups Champion Author Toledo Posts:3,232 Points:641,060 Joined:Feb 2004	Message Posted: Nov 18, 2009 7:12:50 PM Ignore foxups Report Abuse make them pay
RLH68 Champion Author Orlando Posts:3,961 Points:732,000 Joined:Jun 2007	Message Posted: Nov 18, 2009 7:01:00 PM Ignore RLH68 Report Abuse Maybe if the GM execs concentrated on making quality vehicles instead of seeing how many millions of dollars they could steal from the company, GM might survive. I doubt it, though.
Gas Thirsty Champion Author Los Angeles Posts:1,710 Points:2,140,000 Joined:Mar 2003	Message Posted: Nov 18, 2009 7:00:41 PM Ignore Gas Thirsty Report Abuse Troubled times for GM ...
bobdec Champion Author Florida Posts:3,423 Points:669,325 Joined:May 2008	Message Posted: Nov 18, 2009 6:54:41 PM Ignore bobdec Report Abuse old news