Five Card Opel Hold’em

“The German government has detailed financial support only for Magna, the more complex, controversial and higher-risk offer.”

I see that and raise you my middle finger.

“That has left GM suspecting that Germany is pandering to labor unions and seeking to curry favor with Moscow in preferring Magna.”

“The problem for Berlin could be that it has painted itself into a corner: damned if it pushes the high-risk Magna deal through, and damned if it doesn’t.”

Hmmm. Looks like the next big (German) government rescue plan might already be on its way.

“No wonder GM has revived ‘Plan B’ and may attempt to raise the $4.3 billion Opel needs to survive from other sources.”

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2 responses

  1. Pingback: So this is what you wanted? « Observing Hermann

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