China Financial Daily

EU efforts to prevent the insolvency risk of GM Europe
U.S. auto giant General Motors Corp. the brink of bankruptcy, the Atlantic (15.05, -0.05, -0.33%) across Europe holds a Khan secretly. GM bankruptcy in order to avoid leaving patients in Europe, the EU member states are seeking to strengthen internal coordination, the establishment of a “joint line of defense.”

The European Commission announced on the 28th, the EU’s 27 member states of economic or industry minister on the 29th will be held an emergency meeting in Brussels to discuss how to coordinate the response to GM bankruptcy, a concerted effort to save GM Opel Motor Company and other affiliated companies in Europe. European Commission Vice-President and member of Enterprise and Industry Gunter Verheugen’s spokesman said that the meeting was aimed at each other informed and to seek to enhance coordination.

GM makes the brink of bankruptcy the company’s fate of European companies increasingly worrying, especially the plight of the already bogged down in the Opel car company. At present, the GM in Europe, a total of three brands, namely in Germany, Belgium, Poland and Spain are equipped with the factory Opel Motor Company, based in the United Kingdom vauxhall car companies and based in Sweden’s Saab Automobile Company The total number of employees is estimated at about 55,000.