GM wants governments to help pay for Opel restructuring

on Monday asked European governments to help pay most of the €3.3 billion ($4.9 billion) it needs to restructure its struggling European operations.

refused to give details of the plan to cut some 20 to 25 percent of the company's car making capacity — that will likely shed thousands of jobs. He said he first wanted to talk to workers' representatives.

Germany appears reluctant to offer GM the €4.5 billion loan it had promised Magna — and has yet to pledge the company any more money.

Click on the following to read where other governments stand on the bailout:  Business Journal | GM wants governments to help pay for Opel restructuring