General Motors tried to sell Opel. No deal. So now GM is asking for almost $5 billion dollars, less than 4 billion Euros, to restructure Opel and the rest of its European operations. Will the EU put up the cash?
I blogged recently about GM using its Volt tech to put some electric spark into other GM brands, including stodgy Opel. The Volt, a GM plug-in, is due to launch in the U.S. in about one year.