Aug 31, 2009

The White House will not influence decision GM on sale Opel

Barack Obama

The white house is not intended to interfere with process of decision-making by a management of American autoconcern General Motors about sale of European branch Adam Opel GmbH, reports Reuters.

Board of directors General Motors once again could not choose on August, 22nd the buyer from the Canadian manufacturer of autoaccessories Magna, the consortium with which includes the Russian Savings Bank, and Belgian investment company RHJ International. According to the assistant to the press-secretary of the White house Bill Burton, the government of the USA not begins to influence choice process in spite of the fact that 60% of actives GM own somehow.

"According to the president, decisions on current operations should be accepted by workers General Motors. He (the US president Barack Obama) never wished to be engaged in this business, and the president is happy, that they make the decision and again rise on feet", — Burton at a briefing in the State of Massachusetts where spends holiday the US president has told.

In turn press-secretary German chancellor Angela Merkel on Monday has confirmed, that the German government still wants, that concern Magna became buyer Opel, and undertakes necessary measures to promote. According to the press-secretary of the chancellor, the next session of management General Motors of a choice of the buyer will take place on September, 8th or 9.

Board of directors GM gives only "recommendation" about the buyer. The definitive decision accepts appointed after the beginning of procedure of bankruptcy Opel "tutorial structure" in which enter on two representatives from GM and the federal government, and also a "neutral" member — the president of the Chamber of commerce of the USA into Germany Fred Irwin.

READ MORE - The White House will not influence decision GM on sale Opel

Aug 14, 2009

Obama allocates $2.4 billion for electromobiles

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READ MORE - Obama allocates $2.4 billion for electromobiles

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