General Motors has paid 650 million euro German subsidiary Opel
U.S. car group General Motors (GM) announced Monday in a release issued by the supervisory authority of the U.S. stock exchanges, SEC, he paid 650 million euro European subsidiary Opel's current restructuring, temporary financial support for it, reports L ' Echo.
"On January 4, 2010, GM has granted an additional 650 million euro aid group Opel and its subsidiaries to help finance activities until finding a permanent financing sources," explained General Motors.
This amount represents the early repayment of contracts in the GM group, initially to be honored in April and July 2010, GM said.
General Motors, which initially had Ford has dropped the plan in November and decided to restructure its European activities on their own.
The group has 3.3 billion euros needed to fund the restructuring and hopes to gain public support for 2.7 billion euros.
The plan that General Motors president, Nick Reilly, expected to conclude until the end of January, provides for dismissal in Europe about 8300, a total of almost 50,000 employees.
The group has already paid 600 million euros in November Opel subsidiary, to repay a loan granted by the German Government, in order to maintain Opel operations in the period in which GM seek a possible buyer.
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