Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • Bitcoin USD

    62,942.85
    -1,281.65 (-2.00%)
     
  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • Dow

    38,239.66
    +153.86 (+0.40%)
     
  • Nasdaq

    15,927.90
    +316.14 (+2.03%)
     
  • Gold

    2,349.60
    +7.10 (+0.30%)
     
  • Crude Oil

    83.66
    +0.09 (+0.11%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Opel jobs have not been guaranteed, says German deputy economy minister

FILE PHOTO - The logo of Opel is seen at a dealership of the brand in Strasbourg, France, February 14, 2017. REUTERS/Vincent Kessler/File Photo

FRANKFURT (Reuters) - Peugeot and General Motors have not given binding guarantees to preserve German jobs and factories at Opel, Germany's Deputy Economy Minister Matthias Machnig said on Monday.

Initial talks between the government and the management of Peugeot and General Motors have led to some encouraging signals that German jobs will be preserved, but these assurances have not been translated into binding contracts, Machnig said.

"This is why speculation is premature at this point," Machnig, told German television ARD on Monday.

A combination with Peugeot could form the basis for a better future for Opel, Machnig said.

(Reporting by Edward Taylor; editing by Jason Neely)