Opel "weeks away" from collapse

[wildcat]

Opel urgently needs money to prevent a cash crisis that could result in the total failure of its operations. The time frame is weeks. The cash-starved General Motors brand has appealed to governments in European nations where it has operations to supply emergency funding to bridge a €3.3 billion liquidity shortage. German Economy Minister Karl-Theodor zu Guttenberg said today he will not be pressured into making a quick decision on granting state aid to struggling Opel.

http://www.worldcarfans.com/9090302.005/op...y-from-collapse

[Intrepidation]

If you have a source you should post the link, please.

[Oracle of Delphi]

Pssst, its all a big lie so GM can get lots of Toyota owner's tax dollars, US and Euro ....

[longtooth]

If you have a source you should post the link, please.

I Gooooogled it.

http://www.worldcarfans.com/9090302.005/op...y-from-collapse

[Intrepidation]

Cool, thanks. I added the link to the initial post.

[longtooth]

You're welcome.

This type of morbid announcement is getting more commonplace.

The various Governments and Corporations are into some heavy-duty brinkmanship-playing.

[evok]

Yea - It is a big lie that GME's revenue was down 40% and production was down 50% in the last quarter.

Must be a big lie that GME lost a cool $1 billion dollars.

[ZL-1]

German Economy Minister Karl-Theodor zu Guttenberg

Now there's a proper name for a Minister. Aristocratic, it imposes respect and reverence!

[Oracle of Delphi]

Now there's a proper name for a Minister. Aristocratic, it imposes respect and reverence!

I prefer good ol' Börger ...

[ocnblu]

Nah, too reminiscent of a sandwich.

[FUTURE_OF_GM]

Yea - It is a big lie that GME's revenue was down 40% and production was down 50% in the last quarter.

Must be a big lie that GME lost a cool $1 billion dollars.

[FloydHendershot]

I prefer good ol' Börger ...

Good ol' der Booger is more like it.

Nah, too reminiscent of a sandwich.

What kind of roll?

Edited March 3, 2009 by FloydHendershot

[FloydHendershot]

O and tremendous loss to the automotive community. Dont know where we all would be without an opel.

[Oracle of Delphi]

Good ol' der Booger is more like it.

What kind of roll?

A Kaiser of course ... :AH-HA_wink: :AH-HA_wink: