Treuhand Solution for GM’s German Daughter
Thursday, May 14th, 2009Now that all indications are that General Motors is heading for its own bankruptcy at the end of this month, in whatever specific form, this raises the question of what is to become of that firm’s several European subsidiaries, basically Opel in Germany, Saab in Sweden, and Vauxhall in the UK. As you would expect, there is widespread coverage of this issue in the German press. Particularly interesting treatments about the latest developments in the search for a solution are from Handelsblatt (GM pressures for nationalization of Opel) and Die Zeit (USA pressures Germany towards Opel nationalization). (more…)
