Opel is still waiting on a decision by the German government for aid there. Opel is asking for a loan guarantee of €1 billion ($1.2 billion) from Germany to fund its European operations which are based there.
GM wants to hold onto its Opel division but it still needs funding for the German brand's European operations.
Now, the Spanish central government, along with the regional government of Aragon, have stepped in to offer €300 million ($358.2 million) in aid to keep Opel afloat in the country. The money will like be earmarked mainly for Opel's Figuruelas plant there.
Meanwhile, the Spanish public conducts protests to the government's austerity package which includes a 5 percent pay cut for public sector workers.
Opel is asking for funding from several European governments in the places where it has manufacturing plants. The automaker's plans are to cut costs by reducing its capacity in Europe by 20 percent. It is still waiting on a final decision by the German government for aid in its home market. Opel has asked for a loan guarantee of €1 billion ($1.2 billion) from the German federal government.