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Update at 1330 hrs (IST)


Global News / Markets
Opel, German govt to hold crisis talks

WASHINGTON: German Chancellor, Ms Angela Merkel said on Sunday that she would convene an emergency meeting with the management of Opel next week to work out a plan for aiding the troubled carmaker.

“I have invited the head of (Opel) Germany, the head of Europe and the union representative so we can discuss on Monday the situation at Opel,” Ms Merkel said ahead of an emergency meeting of major economies here to deal with the global financial crisis.

“The government, the economy minister and the finance minister are going to take control of this matter,” she said of the talks with Opel, a subsidiary of faltering US auto giant General Motors.

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