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Germany's Merkel presses GM for Opel restructuring plan, says company should pay the cost
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BERLIN - German Chancellor Angela Merkel is pressing General Motors Co. to come up with a "reliable concept" for the future of its subsidiary Opel.
GM last week called off the planned sale of Germany-based Opel to car parts maker Magna and Russian lender Sberbank. Merkel had favored that deal to save jobs.
Merkel told parliament Tuesday she regrets GM's decision but that Opel "employees need more than our regret."
She wants GM to present a plan "that gives Opel Europe and the German sites the chance of a good future."
Merkel says GM is the one who needs to pay for restructuring. She pressed GM to pay back bridge financing it got from Germany earlier this year.
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