LONDON (AP) -- General Motors Corp. on Thursday dismissed reports that it had decided on how much assistance it would seek from the British government or that it had already made its aid appeal.
Reports in The Times that GM was seeking 500 million pounds or the Daily Mail's report of a 750 million pounds bid were "speculation," said Denis Chick, communications director for GM in the United Kingdom and Ireland.
Chick said GM would not be putting a proposal until it completes negotiations with the German government on the company's proposed rescue plan, which calls on governments to put up euro3.3 billion. Germany was approached first because that's the location of most of GM's European operations, Chick said.
Britain's Department of Business, Enterprise and Regulatory Reform said it had not received any proposal from GM.
However, the department plans to hold a seminar next week to inform automakers on how they might participate in Britain's Automotive Assistance Program, which offers loans and loan guarantees of up to 1.3 billion pounds.
