Germany: Merkel Told Obama Germany Wants GM Plan Soon
BERLIN (DowJones)--German Chancellor Angela Merkel told U.S. President Barack
Obama in a telephone call that her government wants General Motors Co. to
present its plan to restructure Opel "as soon as possible."
Obama told Merkel in the Wednesday evening call that he wasn't involved in the
GM board's decision to keep German-based Adam Opel GmbH rather than sell it to
Magna International Inc. (MGA).
Merkel also told Obama that she wants GM to repay funds it holds from a EUR1.5
billion bridge financing offer by the end of November, according to a statement
released Thursday by her spokesman.
Spokesman Ulrich Wilhelm said in the statement that Merkel and Obama agreed to
continue discussing GM's plans for Opel in the future.
-By Patrick McGroarty, Dow Jones Newswires; +49-30-288-8410; patrickmcgroarty@
dowjones.com
(END) Dow Jones Newswires
11-05-090855ET
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