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Industry commissioner Guenter Verheugen says current plans for Opel are likely to benefit Russia’s Sberbank the most (Photo: European Commission)

New Opel must be competitive, says Brussels

The European Commission wants to go over buyout plans for struggling carmaker Opel with a fine-toothed comb, says industry commissioner Guenter Verheugen, who insists the company must be competitive in the future.

Any plan must: "truly offer assurances that the business will survive and will be competitive for a length of time," Mr Verheugen says in an article in German newspapaer Die Welt on Monday (15 June).

"The European Commission cannot allow such a plan to pass automaticall...

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Industry commissioner Guenter Verheugen says current plans for Opel are likely to benefit Russia’s Sberbank the most (Photo: European Commission)

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