F&I Management & Training

General Motors is planning to seek third party investors for Vauxhall/Opel and is compiling a prospectus, which will be sent to 'possible interested parties'. GM Europe chief Carl-Peter Forster said: "Through our discussions with German officials, we have determined that finding an outside investor that has the majority of its investment backed by the Government is the most promising and innovative path to take. "This would mean the taxpayer has no immediate contribution to the restructuring - the Government would only provide guarantees for the majority of the investment made by a third party." This, he said, "would keep Government from having to take an equity stake in the company, a political precedent that many have been cautious about setting". National and regional governments are seen as the likeliest candidates to take stakes in exchange for the €3.3 billion the carmaker is seeking in state aid from European governments.

DATED: 17.03.09

FEED: AW