"My position is very clear: it is now up to General Motors to shed light on how it will meet its company responsibilities," he told Bild am Sonntag newspaper. "The word from Detroit is GM doesn't need state financing for Opel. I just say: so much the better!" he added. "With Opel, GM has a big responsibility for employees, for the regions concerned and for the whole country."
The Opel restructuring plan will be released, however, in mid-December, as there are still a number of issues to be resolved before finalizing it.
"I have been on this job for only 10 days, but I am keenly aware that we cannot let this situation linger. Time is not on our side. I cannot make excuses for things done in the past, but we can move forward. I intend to present by mid-December a sustainable plan that is in the best interest of Opel and Vauxhall; one with clearly defined, achievable result," Nick Reilly, currently the Opel/Vauxhall CEO, said in a statement.
GM is believed to remove around 10,000 jobs across Europe as it intends to reduce capacity across the Old Continent by somewhere between 20 and 25 percent.