• Most Popular
  • Most Shared

EU ministers to discuss Opel plan Dec. 4 - Flemish premier

Mon Nov 23, 2009 10:18am EST

BRUSSELS, Nov 23 (Reuters) - General Motors GM.UL is expected to present a restructuring plan for its Opel and Vauxhall units to European Union ministers by the end of the week, the head of the Belgian region of Flanders said on Monday.

Stocks  |  Mergers & Acquisitions

Kris Peeters, the premier of Flanders, said EU ministers would discuss the GM Europe plan at a meeting on Dec. 4.

Nick Reilly, the interim chief executive of GM Europe, said earlier that Opel needed around 3.3 billion euros ($4.94 billion) of refinancing.

((Reporting by Phil Blenkinsop, Brussels newsroom, +32 2 287 6830; email: brussels.newsroom@thomsonreuters.com))

($1=.6679 Euro)
Stocks
Mergers & Acquisitions


More from Reuters

Photo

Honda expands airbag recall as more Toyotas probed

TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis. | Video

» More Top News
A worker walks on steel frames at a construction site in central Beijing January 27, 2010. REUTERS/Loic Hofstedt
Analysis:

China's boom may lead to bust

The housing market is becoming the investment of choice for the Chinese, which is making policymakers very nervous.  Full Article 

China
A Greek flag at the Bank of Greece is seen near a statue of ancient philosopher Socrates in Athens February 5, 2010. REUTERS/Yiorgos Karahalis

Avoiding "another Greece"

Don't count on the euro zone growing anytime soon. Getting into the single-currency club will be tougher than ever.  Full Article 

Global Markets