Summary
With massive over-capacity in the automobile sector, European governments would be well advised to let the market decide the fate of sticken US car giant General Motors' European subsidiaries.
But German politicians are unlikely to be able to keep their hands off in a general election year, despite pressure from rival German manufacturers not to aid Opel. The GM unit employs 25,000 workers directly in Germany. Add to that suppliers, dealersand garages, and unions say 400,000 jobs could be hit.See the full content of this document
Extract
Opel Fighting for Survival ; Automotive
Some argue that Opel is "systemically important", like a giant bank. With four other German carmakers in the fi...
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