Reuters | No definitive decision on German aid for carmaker Opel
should be expected  Tuesday, economy minister Rainer Bruederle said,
leaving open the fate of thousands of jobs at the General Motors unit.

The steering committee of Germany’s rescue fund is to meet  Tuesday to
recommend whether taxpayers should backstop loans to Opel worth about
$1.6 billion that would finance 8,300 upcoming job cuts.

Loss-making Opel is seeking state aid to help it shape up in an
increasingly competitive car market, but a turnaround at GM from
bankruptcy to profitability in just 12 months is undermining its
efforts.

Last year GM  abandoned months of Berlin-brokered negotiations to sell
Opel, opting to keep the unit instead. Opel was founded in 1863 and
bought by GM in 1929.