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 FRANKFURT (AP) - General Motors Co.'s Opel unit asked European governments for billions of euros (dollars) in aid on Tuesday as it formally presented a restructuring plan that will result in some 8,300 job cuts.
Opel is seeking loans and loan guarantees to the tune of some euro2.7 billion ($3.7 billion) as part of a program under which it plans to invest euro11 billion ($15 billion) through 2014. It aims to break even by 2011.
Chef Executive Nick Reilly declined to say how much was being sought from individual countries, but said: "We don't anticipate we will be turned down."
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