Germany and Spain to Carefully Examine Opel Aid
"We will carefully examine the documents," German Economy Minister Rainer Bruederle was quoted as saying by Autonews after Nick Reilly's press conference yesterday.
"We don't anticipate being turned down," Reilly stated.
GM intends to cut as many as 900 jobs in Spain at the Zaragoza plant while in Germany the company is looking to eliminate approximately 4,000 jobs.
"It's a huge sacrifice. We need to sit down with the unions and the local Aragon government to evaluate the proposal and find out all the details, particularly its long term viability which, logically, is something we need to be concerned about," Spain's Industry Minister Miguel Sebastian told a news conference.
Reilly said yesterday that Opel will invest up to 11 billion Euros in the next five years, with the German brand to rely on several new products, including a brand new electric vehicle in addition to the Ampera.
“Opel/Vauxhall has a clear vision: to be a leading European manufacturer of high quality, desirable automotive products, based on German engineering, driven by a united team of professionals and respected around the world. This vision will be realized by offering an exciting and expanded product portfolio based on a strategic push into alternative propulsion technology,” said Reilly.