Under its viability plan, Opel/Vauxhall estimated that it needs 3.3 billion Euro. Though at first General Motors said it will only contribute with 600 million Euro, the Geneva Auto Show brings us some good news: GM will contribute with a substantial 1.9 billion Euro funding package.
This means that the requested total of loan guarantees from European governments will decline from 2.7 billion Euros to under 2 billion Euros. The announcement removes any potential liquidity risks during the rest… (read more)