Opel will be helped by Spain

Posted on Tuesday, 8 June 2010 , 14:06:08 byEmil

Filed under Opel

Opel will be helped by Spain

General Motors still wants to keep Opel in its portofolio, but it needs money to do that.

SPain offered to help Opel with 300 million Euros, to keep Opel on the floating line.

The money will be offered to the mainly Opel's Figuruels plant in Spain.

Opel asked several EU countries to help the manufacturing plants in their territory and the brand is making costs cut by reducing its capacity in Europe by 20%.

Opel asked a loan of 1 billion Euros from Germanyy but still got no answer, so it seems that the brands future is uncertain at this moment.