- The Washington Times - Sunday, March 15, 2009

BERLIN (AP) - Germany’s economy minister is on his way to the United States for talks aimed at securing the future of General Motors Corp.’s German-based Opel unit.

Karl-Theodor zu Guttenberg left Sunday for New York, where he will meet with banking leaders.

He then heads to Washington for talks with Treasury Secretary Timothy Geithner and GM Chief Executive Rick Wagoner on Opel.

German leaders are worried that the crisis for American carmakers could bring down Adam Opel GmbH, GM’s beleaguered subsidiary.

Opel says it needs euro3.3 billion (US$4.2 billion) to get through the economic crisis. It has sought help from the German government, but officials in Berlin insist that U.S. parent GM first come forth with a proposal for the future.

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