Opel – whole company worth less than a single car

Opel – whole company worth less than a single car

Opel concept

General Motors wants out of Opel badly, and according to new reports, it’s willing to let the German automaker go without taking any money for it. The only requirement is that the new owner must inject €500 million into Opel for operations. While GM boss man Fritz Henderson has said there are six serious investors in discussions for Opel, and that a deal should be done by early May, the fact that GM has said “if you pay the bills she’s all yours” shows that GM is ready to work with anyone who’s willing to sign up.

Making a deal would not only free GM of Opel’s current and future debts, but also the obligations it would have if Opel shuts down under its watch. Another source is reporting that Opel sold a range of technologies to GM in 2005 for which it’s still owed hundreds of millions of euros. If GM was to return the patents (currently held by the U.S. government), then GM could lower its debt load and Opel would get an asset with which it could secure alternative financing.

Opel concept

General Motors wants out of Opel badly, and according to new reports, it’s willing to let the German automaker go without taking any money for it. The only requirement is that the new owner must inject €500 million into Opel for operations. While GM boss man Fritz Henderson has said there are six serious investors in discussions for Opel, and that a deal should be done by early May, the fact that GM has said “if you pay the bills she’s all yours” shows that GM is ready to work with anyone who’s willing to sign up.

Making a deal would not only free GM of Opel’s current and future debts, but also the obligations it would have if Opel shuts down under its watch. Another source is reporting that Opel sold a range of technologies to GM in 2005 for which it’s still owed hundreds of millions of euros. If GM was to return the patents (currently held by the U.S. government), then GM could lower its debt load and Opel would get an asset with which it could secure alternative financing.

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