Obama admin not involved in Opel decision-Treasury
WASHINGTON, Nov 3 (Reuters) - The Obama administration did not get involved with General Motors Co's decision to keep and restructure its Opel carmaking operations in Europe, a U.S. Treasury spokeswoman said on Tuesday.
"The administration was not involved with this decision, which was made by GM's Board of Directors," spokeswoman Meg Reilly said in an emailed statement.
The U.S. Treasury is GM's [GM.UL] majority shareholder following the automaker's bankruptcy, with about a 60 percent stake as a result of providing more than $50 billion in loans and other aid to GM. (Reporting by David Lawder)
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GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
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