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Spain answers Opel's plea

2010-06-08 06:59
Spain's central government and the Aragon regional government will provide General Motors' European unit Opel with 300 million euros in aid, the Aragon government said on Monday.

"Between the central government and the autonomous region of Aragon, we have put a limit (on aid) of about 300 million euros," the government of northeastern region Aragon said on its website.

GM has asked for aid from European governments to help fund a costly turnaround plan at Opel that would shrink production capacity by about 20%.

Should GM have found other ways to finance its Opel turnaround plan? Share your thoughts here
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