Opel on Agenda of German, French Economy Ministers' Meeting
February 20 2017 - 7:50AM
Dow Jones News
By Andrea Thomas
BERLIN--Peugeot's (UG.FR) plan to buy General Motors Co.'s (GM)
German unit Opel will play a "major role" in a meeting of German
Economy Minister Brigitte Zypries with her French counterpart in
Paris on Thursday, according to the German government.
"This visit has been planned for a very long time," said Economy
Ministry spokesman Andreas Audretsch. "But of course it's quite
clear Opel will also play a major role at this meeting."
Germany is pushing the French car maker to safeguard German jobs
and factories. The takeover of GM's Opel and Vauxhall units would
create Europe's second-largest auto maker by sales.
The priority for the German government is to "keep jobs, sites
and development centers in Germany" and to ensure that agreements
between company management and employees will be respected, Mr.
Audretsch said.
German Chancellor Angela Merkel is kept updated on the issue,
her spokesman Steffen Seibert said.
Mr. Audretsch also said that the government is in talks with the
U.K. over GM's plans.
Write to Andrea Thomas at andrea.thomas@wsj.com
(END) Dow Jones Newswires
February 20, 2017 07:35 ET (12:35 GMT)
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