Ad
Car manufacturers all across Europe are asking for state aid (Photo: European Commission)

Germany considering major car industry bailout

The German government is considering a bailout of car maker Opel, adding to similar moves by the French, Spanish and Italian capitals despite concerns from the EU commission over protectionism and illegal state aid.

Berlin is ready to give Opel the option of a credit line but has ruled out a takeover of the car manufacturer's assets, Financial Times Deutschland has learned from unnamed government sources.

The funding is estimated to be worth €3.3 billion, with Opel hoping to get €...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Car manufacturers all across Europe are asking for state aid (Photo: European Commission)

Tags

Ad
Ad
Ad