Opel Sends Viability Plan to Germany, Demands 3.3 EUROS in Support
OK, we all know that Opel needs 3.3 billion euros, as mentioned in the previous reports, but the economic turmoil is apparently driving automakers crazy. Or maybe General Motors was still thinking it was talking about pay cuts? The company used to cut so many zeros from people's paychecks that such a mistake wouldn't be surprising at all.
Getting to more serious stuff, Opel today sent its viability plan to the German government, hoping that officials will approve the loan request as soon as possible.
"We will work with our labor representatives to find the best way forward in mitigating the societal impact of the restructuring, but it should be made clear that we need all three parts of the plan to be viable – the structural cost reductions, government support and GM support. Anything short of this will not result in a viable operation," he continued.
There's no official statement from the German government at this point but authorities earlier this month admitted that the loan request may be approved in case a viability plan is submitted.