http://redheadrat.livejournal.com/ (
redheadrat.livejournal.com) wrote in
talkpolitics2009-11-05 10:37 am
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Government Motors decides not to sell Opel
So after months of preparations, billions of loans from European governments, promises to US taxpayers to sell parts of GM to payback its debts, GM decides that economy is good enough to keep Opel.
So now GM is left with Opel and Vauxhall, roughly 10,000 Brits, Germans and other EU workers get pink slips and German government wants it's money back before the end of the month since they financed Opel in its preparation for sale.
I don't know the details of the deal, but normally there would be a charge to be paid by the party breaking the deal in addition to the loss of trust between parties.
I am curious what other promises the government is going to negate in the future in industries that it took over or is planning to take over.
http://www.huffingtonpost.com/steve-parker/gm-cancels-opel-sale-what_b_346479.html
So now GM is left with Opel and Vauxhall, roughly 10,000 Brits, Germans and other EU workers get pink slips and German government wants it's money back before the end of the month since they financed Opel in its preparation for sale.
I don't know the details of the deal, but normally there would be a charge to be paid by the party breaking the deal in addition to the loss of trust between parties.
I am curious what other promises the government is going to negate in the future in industries that it took over or is planning to take over.
http://www.huffingtonpost.com/steve-parker/gm-cancels-opel-sale-what_b_346479.html