General Motors alone will assume the restructuring of its subsidiary Opel

This will ultimately alone as General Motors, the American auto giant, will assume the restructuring of its German subsidiary Opel. The German manufacturer has indeed withdrawn all applications for public aid claimed to European countries where it operates.

General Motors has "decided to resolve funding issues internally," the group said in a statement after the plea of inadmissibility raised by Berlin to its requests for government guarantees.

"The process is much more complex and much longer than expected," justified the manufacturer, which hopes to "implement quickly (his) plan."

In fact, the German manufacturer is found almost in the situation in November 2008, just before it calls the first time the German government to help paydayloans."General Motors is making a profit and has the capacity" to restructure its subsidiary, has reaffirmed the German Minister of Economy, Rainer Brüderl, who feels "comforted in (its) decision" not to help Opel.

Opel employs approximately 25,000 employees in Germany and it is expected 3,900 job cuts.

So far, Opel refused to consider funding 100% of restructuring by its parent, noting that it had recovered by the U.S. taxpayers' money, she could spend outside the U.S. USA.

"General Motors has demonstrated clear and put an end to speculation and uncertainty for employees," said the chairman of Opel's works council, Klaus Franz, said in a statement.

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