German Government Seeks Close Involvement in GM's Opel Talks
February 15 2017 - 08:08AM
Dow Jones News
By Zeke Turner
BERLIN--Germany's government said on Wednesday that it will be
involved "as closely as possible" in talks about General Motors
Co.'s (GM) sale of its German subsidiary Opel AG.
"Of course it's a business decision that I'm not evaluating
here...but the government will form its own opinion," said a
spokesman for German Chancellor Angela Merkel in a press conference
on Wednesday afternoon following the government's cabinet
meeting.
"Opel is an innovative company with a long history in Germany,"
said Steffen Seibert, Ms. Merkel's spokesman. Considering "the
consequences for jobs at many locations in Germany, it's clear that
we, the government of the Federal Republic, will be involved."
Ms. Merkel's office has not yet received a request for a meeting
from Carlos Tavares, chief executive of Peugeot owner PSA Group,
Mr. Seibert said.
General Motors Co. said Tuesday it has been considering a sale
of its of its beleaguered Opel AG unit to French car maker Peugeot.
Opel employs 34,500 people in Europe, with more than 16,500 in
Germany.
Write to Zeke Turner at zeke.turner@wsj.com
(END) Dow Jones Newswires
February 15, 2017 07:53 ET (12:53 GMT)
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