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News - Adam Opel

2009-02-24 11:47:47

Germany is considering a move to establish a line of credit for automaker Opel in spite of European Union concerns over protectionist economic policies. Opel is expecting $3.3 billion from the German federal government and about $900 million from four German states where the company has a presence, the EU Observer reported Tuesday. Without the aid, the carmaker could go bankrupt by May or June, German newspaper reports have said.

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