(AP) -- BERLIN (AP) - German Economy Minister Rainer Bruederle said Wednesday he told General Motors Co. officials at a meeting in Berlin that their company has to be responsible for paying for the restructuring of subsidiary Opel. GM last week called off the planned sale of Germany-based Opel to car parts maker Magna and Russian lender Sberbank. Chancellor Angela Merkel favored that deal to save jobs. Merkel now says she wants GM to present a restructuring plan that gives Opel Europe and the German sites the chance of a good future.
Following meetings with new Opel and Vauxhall head Nick Reilly and GM official John Smith, Bruederle said he reiterated Merkel's message that GM needs to pay for the bulk of the restructuring. Bruederle said the restructuring is expected to cost some $4.96 billion.
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