The struggling US auto giant General Motors says it will not sack workers or close factories at its German subsidiary, Opel.
The president of GM Europe, Carl-Peter Forster, told the Welt am Sonntag newspaper that Opel sought loan guarantees from the German government, but was not bankrupt. Opel's directors have said that the company plans to cut output next year and is considering a 30-hour working week. The automaker, which has some 26,000 employees in Germany, has been hit by a slump in sales and financial problems at its parent company. GM has said it will run out of cash as early as January if it does not get help from the US government.
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