Opel dealers seek 10 to 15 per-cent stake in carmaker
EU Car Industry - Opel dealers in Europe are offering to help the ailing German carmaker by investing 500 million euros (679 million dollars) in return for a 10 to 15 per-cent stake, the dealer group said Friday in Vienna. Meanwhile, there was opposition from the administration in the United States against Germany's plan to put Opel under temporary trusteeship of the state until an investor is found, according to media reports.All 25 national members of the Euroda association - except for Finland - had approved the dealers' offer at a meeting in Austria's capital, the group's chairman Jaap Timmer told reporters.'In return, we demand a fair equity share in the new company, representation in the supervisory board, and obviously, a fair financial return on our investment,' said Timmer, whose association also represents Vauxhall dealers.
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