Angela Merkel Expects Thank You Letter from GM

German Chancellor Angela Merkel is one of the German officials that struggled to help Opel step aside GM's ownerships and supported Magna's point of view with every single occasion. Furthermore, Merkel insisted that Magna's proposal was by far more advantageous for Opel and said she could intervene in the talks to back the Canadian - Austrian partsmaker.

Merkel confirmed in a recent statement that General Motors paid the last of its 1.5 billion euro loan to Germany and revealed that she's waiting for a thank you letter from the US-based manufacturer.

"I can tell you that the last funds for Opel have been paid back by General Motors," Merkel said. "I expect at least a thank you letter from General Motors in a few years. German taxpayers have not lost a single cent on the entire Opel operation."

Earlier this month, Merkel urged General Motors to submit its restructuring plans for Opel and pay back the loan it has received in June by the end of the month.

"The Chancellor made clear that the German government would urge General Motors to present a new plan as quickly as possible and to repay bridge financing by the end of November," a German government spokesman said in a statement, quoted by Autonews.

General Motors is currently negotiating with governments and workers the terms of the restructuring plan, with a first glimpse to be given to union on Wednesday. Company representatives will also meet EU officials by the end of the week, while EU members will meet on December 4 to discuss possible aid for Opel.
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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