- Apr 23, 2009
GM ready to let Opel go for free?
Making a deal would not only free GM of Opel's current burdens, but the obligations it would have if Opel shuts down under its watch. Another outlet is reporting that Opel sold a range of technologies to GM in 2005 for which it's still owed hundreds of millions of dollars. If GM returned 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 alternate financing.
[Source: The Local]