Abu Dhabi Considering Opel Investment

The wealthy emirate of Abu Dhabi is reportedly in discussions with German labour unions over the potential purchase of a stake in GM's struggling Opel brand.

According to Rainer Einenkel, head of the works council at Opel’s Bochum, Germany, plant, Abu Dhabi have raised the possibility of providing the company with a generous cash injection in exchange for Opel shares.The German newspaper Westdeutschen Allgemeinen Zeitung also reports that Juergen Ruettgers, prime minister of the North Rhine-Westfalia’s region (where Opel's Bochum manufacturing facility is located), recently met with a member of the emirate’s royal family.

Information on what was discussed at their meeting is not known, but with GM-owned Opel struggling to stay afloat - let alone attract new investors - odds are an Opel buy-in was definitely on the agenda.