GM seeks 6.1 billion dollars to save Opel

If an American car manufacturer General Motors still decided to retain in its European division of Opel, it may take from the group to 6.1 billion dollars additional expenses.

This is stated in the document prepared for the Board of Directors of GM consulting firm KPMG, Reuters reports citing a copy of its report.

recall that back in June this year General Motors estimated the cost of maintaining Opel in its structure to 4.65 billion dollars, but KPMG calls this a rating of superficial optimism.

two-day meeting of the Board of Directors of General Motors held on 8-9 September, it started last night, Moscow time. The main topic of discussion - the fate of European Business GM. However,according to insiders, the board of Directors of GM has focused on two alternatives - selling control of the Belgian Opel investment fund RHJ International and preservation automaker in its composition. Prospects for the third option, associated with the application Russo-Canadian consortium Magna-Sberbank, are becoming increasingly vague.

recall that General Motors had a few months can not determine the choice of the investor for its European division Opel. In May of this year, on the eve of its bankruptcy GM signed a memorandum of understanding with the Canadian Magna, acting in partnership with Sberbank. Application Magna from the very beginning supported the Federal Government of Germany and the Länder, where factories are located Opel. But then GM has to delay the negotiations and began to lean toward the alternative application filed by the Belgian investment fund RHJ. Reinforce the view that General Motors did not want to transfer technologies to Opel in Russia - and not without the influence of the American administration, which owns 60% stake in GM.

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