Frankfurter Allgemeine Zeitung - Germany | Thursday, February 19, 2009
GM bankruptcy as a new start for Opel
"Bankruptcy for General Motors would also be the best solution for its subsidiary Opel", writes the Frankfurter Allgemeine Zeitung. "Only then could one attempt to select the pieces of GM from the rubble and put them back together to make Opel once more an independent, mid-sized manufacturer of middle class cars. ... Insolvency is the sole way of drawing the line and putting paid to the endless demands from other carmakers or other sectors. Even if the opposite may seem to be the case to politicians after the diverse bank rescue plans, they will not be able to rescue the entire global economy. It will have to rely as much as it can on its own powers of self-healing, which are not insignificant."
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