Three German states where the automaker Opel has plants are set to grant requested financial guarantees, while Opel's parent group GM waits for word on similar aid from Berlin, press reports said yesterday.
The government in Thuringia, central Germany, will approve loan guarantees worth €27.9 million for Opel, the Sueddeutsche Zeitung newspaper reported.
In North Rhine-Westphalia, western Germany, officials are set to grant €100 million in guarantees and a similar decision is expected in Rhineland-Palatinate, Handelsblatt added.
In Hesse, western Germany, where Opel's headquarters are located, authorities are more reserved, Handelsblatt said.
Opel unveiled on Friday an agreement with workers on a restructuring plan and said the carmaker had also found banks willing to lend it money if reimbursement were guaranteed by the government.