Financial Regulatory Forum

GM negotiator meets with Opel task force in Berlin

August 25, 2009

An Opel car stops in front of the Federal Ministry for Economy and Technology in Berlin August 25, 2009. German Foreign Minister Frank-Walter Steinmeier said General Motors Co's top negotiator for a deal on the sale of its European unit Opel would meet the government's Opel Taskforce on Tuesday in Berlin.  REUTERS/Pawel Kopczynski   (GERMANY TRANSPORT) By Gernot Heller and Maria Sheahan
BERLIN/FRANKFURT, Aug 25 (Reuters) – German government officials met with General Motors’ top negotiator on Tuesday, hoping to get answers on why the U.S. carmaker has so far failed to choose a buyer for its European unit, Opel.

U.S. government to leave Opel choice to GM – U.S. official

August 24, 2009

opel-rtr26yw0_comp WASHINGTON, Aug 24 (Reuters) – The Obama administration will not use the U.S. majority-ownership stake in General Motors Corp. to influence the automaker’s choice of a buyer for its Opel operations in Europe, an administration official said on Monday. The official, asked whether the U.S. Treasury’s autos task force would weigh in on the issue or leave it up to GM’s management and board, said the administration was available to consult with the German government on the Opel issue, but would not get involved in GM’s decision.