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GM's Opel Wants German Loan Guarantees

by Brett Neely, NPR
November 18, 2008

Executives from General Motor's European unit, Opel, met Monday with German Chancellor Angela Merkel. They want more than $1 billion in loan guarantees from the German government. Opel is seeking the guarantees because the company expects difficult credit conditions on the open market due to the world financial crisis.

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  • Morning Edition, November 18, 2008
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