EU ministers to discuss Opel plan Dec. 4 - Flemish premier

23 November 2009 @ 10:38 am EDT

General Motors is expected to present a restructuring plan for its Opel and Vauxhall units to European Union ministers by the end of the week, the head of the Belgian region of Flanders said on Monday.


EU ministers to discuss Opel plan Dec. 4 - Flemish premier
Mercedes cars are parked awaiting shipment to Italian dealers at the port of Civitavecchia November 18, 2008. The European Union is studying support for its ailing carmakers but the bloc's executive was divided on Tuesday over the extent of any aid as other sectors also face a downturn. EU Industry Commissioner Guenter Verheugen signalled support for a German offer to help the Opel unit of stricken U.S. auto firm General Motors, but others in Bru...
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Kris Peeters, the premier of Flanders, said EU ministers would discuss the GM Europe plan at a meeting on Dec. 4.

Nick Reilly, the interim chief executive of GM Europe, said earlier that Opel needed around 3.3 billion euros ($4.94 billion) of refinancing.

((Reporting by Phil Blenkinsop)

($1=.6679 Euro)

Copyright 2009 Thomson Reuters. All rights reserved.

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