The German government will meet later on today (Wednesday 27th May) to decide which of the four bidders for General Motors Europe it will back with loan guarantees.
Owner General Motors will have the final say, but the German government’s backing is crucial, as GM would struggle to find a buyer without it.
Berlin’s choice will have implications for Opel and Vauxhall workers.
The future of GM in the US is also in doubt as bondholders have yet to reach agreement over a debt-for-equity swap. Full story…