government of Great Britain and Spain are opposed to a restructuring plan, Opel /Vauxhall, the European division of American automaker General Motors, proposed by a consortium of investors led by Canadian concern Magna. Madrid need to revise the plan, and London threatened to refuse to grant state guarantees on loans.

writes Financial Times, Spain intends to boycott scheduled for today in the Berlin meeting of representatives of the countries in which the company posted Opel /Vauxhall. Instead, the industry minister Miguel Sebasian intends to meet with Vice-President Siegfried Wolf, Magna, to persuade him to revise the business plan that would transfer at a later date, the date of final agreement on the sale of European subsidiaries GM. According to a source publication in the Government of Spain, Madrid is not ready to fund the plan, which involves the destruction of the car brand Opel in Spain and Europe.

In turn, The Times wrote that British business minister Peter Mandelson, who must also meet today with representatives of Magna, intends to deny a Canadian-led consortium of concern in the provision of state guarantees on loans of 400 million pounds out of concern that reductions in the UK enterprises will be higher than in Europe. The original plan Magna of 10, 5 thousand jobs to be cut at GM plants in Europe, 30% are British companies. The Government drew consultancy PricewaterhouseCoopers to assess the business plan for the factory Vauxhall.

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