Not everyone is thrilled with Opel's new lifetime guarantee. Germany's federal committee against unfair commercial practices recently spoke out against the automaker's new warranty by calling it "misleading." The company just recently announced that it will cover all of the mechanical bits on a vehicle for 160,000 kilometers, or about 99,500 miles – not exactly a lifetime, no, but still one heck of a promise. That mileage restriction is enough to put the German feds into a tizzy. Even so,
General Motors is hard at work restructuring its brands here in the U.S., but we mustn't forget about overseas divisions, like Opel, that still require some financial aid to get things up and running at full capacity again. As we reported last month, GM came to an agreement with Opel's German workers – labor heads have agreed to do without €1.26 billion in earnings over the next four years (approximately $1.59 billion), saying that the money is best saved for the development of Opel p
General Motors isn't finished with Opel, but the German government would apparently like to be finished with General Motors. Michael Fuchs, a senior member in Angela Merkel's ruling CDU party, has reportedly declared "The discussion ... about financial aid for Opel must be ended once and for all."
While General Motors was going through its 42 day bankruptcy period, one of the stories that didn't receive much play was the sale of GM's Opel brand. The major players in the Opel sale appear to be the German government, Canadian supplier Magna and Belgian private investor RHJ International.
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