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Opel to get aid

Published:Sunday | June 13, 2010 | 12:00 AM


German Chancellor Angela Merkel was meeting on Thursday with regional leaders to come up with ways to help GM's Opel unit, after her economy minister rejected giving the automaker loan guarantees from a federal bailout fund.

Merkel is meeting with the governors of four states that host Opel plants, which employ some 24,000 people, to discuss the possibility of other financial assistance for the automaker.

The meeting comes a day after Economy Minister Rainer Bruederle, from Merkel's coalition's junior party, denied GM more than euro1.1 billion (US$1.2 billion) in loan guarantees from a fund for companies hit by the economic crisis.