Casino Attitude of General Motors prevents Solution in Negotiations – further financial Support required
The negotiations between representatives of the German Government, US Treasury, General Motors and the investors were stopped last night because General Motors unexpectedly made a new demand for financial support amounting to 350 Mio. $.
Among others Enrico Digirolamo, GME Vice President and CFO, who is also a member of the Opel Supervisory Board, is responsible for this disaster.
The German Government is very right not to give way to the blackmailing of General Motors. Therefore they called for GM management to either raise this amount on their own or to provide safeguarding: General Motors has to learn that Europe is not a gambling casino.
We were quite confident to have a solution for a successful future after the decision of consolidating all European plants, National Sales Companies and values under Adam Opel GmbH yesterday. Our hopes have now suffered a severe setback and everybody involved is deeply concerned.
General Motors management is the only one to blame because they misuse the European workforces in their own struggle against bankruptcy.
We will do everything possible at all levels to continue our way into a sustainable future and trust that the government will continue to provide support as much as possible. The negotiations will be continued tomorrow.
We will keep you informed at short notice.
