FRANKFURT (AP) -- The head of the employee council at General Motors Co.'s European unit Opel says progress is being made with restructuring of the division.
Klaus Franz was cited Tuesday by the DAPD news agency as saying that agreement has been reached on roughly half of the questions still open and that he's pushing for more independence for the brand.
Franz said the possibility of an Opel bankruptcy is unlikely since GM recently said it would more than triple restructuring moneys for the unit to euro1.9 billion ($2.6 billion).
Last week, the British government said it could provide Opel with euro300 million in aid, though it's still unclear whether Germany will offer help.
GM abandoned plans to sell Opel to investors last year and kept it instead.
