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General Motors Co. will pursue other sources of financing in Germany after Economy Minister Rainer Brüderle turned down the U.S. automaker's request for federal loan guarantees for its Adam Opel GmbH carmaker.

"GM is very disappointed, as is Opel, with this decision," said Nick Reilly, president of GM Europe and chief executive of Opel.

But he said GM would seek loan guarantees from German states with Opel plants or from other federal funding programs.




 


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General Motors Scrambles After Germany Refuses To Bail Out Opel

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