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Germany to ask for Opel bailout (GM owned - even more of your tax dollars at work...)
Fin24 ^
| 2/22/09
Posted on 02/22/2009 1:38:20 PM PST by Libloather
Germany to ask for Opel bailout
Feb 22 2009 14:30
Berlin - Germany's new economy minister Karl-Theodor zu Guttenberg said in remarks published on Sunday he would lobby for Washington to rescue struggling GM's European unit Opel during a US visit in March.
Zu Guttenberg told Bild am Sonntag newspaper he had established an informal US-German working group with American Treasury Secretary Timothy Geithner and he would use his March visit to hold more meetings with key officials.
"It is indispensable that General Motors and Opel consider rapidly... how they want to keep jobs in an economically healthy way," he said of the two car makers.
Zu Guttenberg's remarks follow those of Foreign Minister Frank-Walter Steinmeier who appealed for international help for Opel, which employs 26 000 workers in Germany.
News reports claim the German car manufacturer needs more than $4.2bn in public loan guarantees - nearly double the figure previously expected - and that it may go bankrupt if public assistance is not forthcoming.
TOPICS: Extended News; Foreign Affairs; Government; News/Current Events
KEYWORDS: automakers; bailout; cars; germany; opel
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We can bail out the world!
To: Libloather
They still make the Opel??????????
2
posted on
02/22/2009 1:39:06 PM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
To: Libloather
They can recognize a gang of fools when they see them.
3
posted on
02/22/2009 1:42:30 PM PST
by
Mad_Tom_Rackham
(The inmates are now officially running the asylum.)
To: Libloather
TIME TO PRINT SOME MONEY!!
4
posted on
02/22/2009 1:42:48 PM PST
by
FlingWingFlyer
(The media lied, America died !)
To: Texas Eagle
They still make the Opel?????????? I wonder if it's too late to bail out "Bedrock Motors":
5
posted on
02/22/2009 1:53:37 PM PST
by
Mad_Tom_Rackham
(The inmates are now officially running the asylum.)
To: Mad_Tom_Rackham
Man, don’t go giving them ideas.
6
posted on
02/22/2009 1:54:28 PM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
To: Texas Eagle
Exactly,
I haven’t even seen one in decades.
7
posted on
02/22/2009 1:58:30 PM PST
by
Joe Boucher
(An enemy of Islam)
To: Libloather
We should ask Germany to bail out Chrysler.
8
posted on
02/22/2009 2:04:34 PM PST
by
Tribune7
(Obama wants to put the same crowd that ran Fannie Mae in charge of health care)
To: Texas Eagle
http://www.autospectator.com/cars/opelvauxhall-0021216-opel-goes-roadster-new-opel-gt
The Opel GT
Shades of the Saturn Sky.
9
posted on
02/22/2009 2:05:51 PM PST
by
realpatriot
(Some spelling errers entionally included!)
To: Texas Eagle
Yep. we call them saturns.
To: realpatriot
Sayyyyy....that’s not a bad looking car.
11
posted on
02/22/2009 2:08:05 PM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
To: Texas Eagle
And the Redline version is SWEET!! 0-60 in 5.5 seconds.
12
posted on
02/22/2009 2:11:15 PM PST
by
realpatriot
(Some spelling errers entionally included!)
To: realpatriot
13
posted on
02/22/2009 2:14:08 PM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
To: mamelukesabre
“Yep. we call them saturns.”
or if you watch the Sopranos, “Satrins”.
14
posted on
02/22/2009 3:21:52 PM PST
by
headstamp 2
(Been here before)
To: Texas Eagle
....thats not a bad looking car. Both U.S. versions, the Pontiac Solstice and Saturn Sky, will be gone soon. Perhaps GM will still import a few under the Opel badge, like they did in the '60s.
BTW, the Saturn Aura, Pontiac G6 and Chevy Malibu are all variants of the Opel Vectra. Looks like the Malibu (the plainest-looking one of the bunch) will be the only one to be sold here, come 2011.
15
posted on
02/22/2009 3:35:38 PM PST
by
Charles Martel
("Endeavor to persevere...")
To: Charles Martel
They’re made in the US. Pretty sure even the opels are made here. I don’t know what the opel plant in germany does to employ so many people. There must be some opels that are totally different from saturns.
To: mamelukesabre
Here are some "German Opels"
The Insignia
The Astra
The Corsa
The Senator
and of course the good old Opel Manta :o) GM really screwed Opel...as they did with swedisch car manufacturer SAAB. I hope Opel will be saved by some of the other german carmakers like BMW or Volkswagen, would be a shame to see Opel die for the faults of GM.
To: Kampfschwimmer
One looks like a chevy aveo, which is actually built and designed by daewoo. ONe looks like the old oldsmobile alero.
I really doubt if any of the others are true opels either. except for the last one.
To: mamelukesabre
I dont know what the opel plant in germany does to employ so many people. There must be some opels that are totally different from saturns.
Mainly compact to mid-size models are made in Germany. The GT is imported from the US, the smallest one, the Agila is based on a Suzuki design and manufactured in Eastern Europe. The following models (among others) are made in Germany:
Opel Corsa - subcompact
Opel Astra - compact
Opel Zafira - compact MPV
Opel Insignia - mid-size
19
posted on
02/23/2009 4:26:04 PM PST
by
wolf78
(Cranky Libertarian - equal opportunity offender)
To: mamelukesabre
“One looks like a chevy aveo, which is actually built and designed by daewoo.”
The Corsa and all other Opel are designed in the Opel Design Center in Rüsselheim/Germany, Chevrolet adopted the origin design, adjusted it for the US market and called the car Aveo.
“I really doubt if any of the others are true opels either. except for the last one.”
What you mean with “true opels”? Dont you see the “Opelblitz” signs on the cars?
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