Contrary to their counterparts in Sweden, German government officials from various states are interested in helping their homeland hero, Opel -- one of GM's major European divisions -- through these tough financial times. Like its parent company, Opel has suffered dearly in vehicle sales and overall profit numbers. Recent news emanating from government and GM meetings has indicated none of the brand's four German plants will get closed, and if need be, the states of North Rhine-Westphalia and Thuringia will consider offering financial support, per their terms in a vast restructuring plan.
North Rhine-Westphalia leaders stated in an interview with Reuters that aid will only go Opel's way if the company adheres to its stipulations -- much the same way Congress is doing with GM as we speak. An example of some terms include the automaker keeping four plants (as aforementioned) as well as all patents and branding rights, should it be turned independent. Thuringia state officials are prepared to take a direct stake in Opel, should the opportunity arise. Financial aid in addition to or in place of a piece of Opel is also being considered. The eastern region is home to one of the brand's manufacturing facilities and wants to help the automaker out as much as possible.There's even a restructuring plan for no government intervention that's being drummed up too by German state economists.Whatever the case maybe, GM's Vauxhall, Opel and Saab divisions wouldn't see a profit until 2011 at the soonest, the automaker claims. And that's if they're still under the GM umbrella with substantial cost cuts in place.
