Bloomberg Anywhere Bloomberg Professional About Bloomberg
help


Sponsored links

 
Germany May Give Loan Guarantees to Opel if GM Files Bankruptcy

By Tony Czuczka

May 11 (Bloomberg) -- Germany may consider government loan guarantees for General Motors Corp.’s Adam Opel GmbH unit if GM files for bankruptcy and a deal with an investor to take over the German unit is “close at hand,” said Felix Probst, a spokesman for the Economy Ministry in Berlin.

Under the possible scenario envisaged by Economy Minister Karl-Theodor zu Guttenberg, a private trust would take over Opel from GM, Probst said today in a telephone interview. “In such a fiduciary solution, one might offer government guarantees,” Probst said.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

Last Updated: May 11, 2009 02:46 EDT