CBS Investment

When you retire, usually you’ll end up by having less money than your working day. It’s because you have no source of income anymore, and you’re forced to use your retirement investment for your daily expenses. The investment, at some point might be the best choice for you. However, when the products price rise up, you won’t be able to handle your expenses because it will increase too, while your retirement’s fund stay in the same spot. In no time, you will not only withdraw the interest of your retirement’s fund, but also the initial investment that you put in there too. How long do you think you could pay for your daily expenses then?

The American auto giant asks his German «daughter» not for money, but for the agreement on investment. As reports Financial Times, referring to informed sources, GM can give the majority of stake of Opel and British Vauxhall, as well as of the Swedish brand Saab to an investor who will promise to invest at least 0.5 billion euros of his capital in the new European association. Opel and Saab can then join the group of companies, which will be located in Germany.

As the leadership of GM announced, Opel needs the assistance of European governments in the amount of about 3.3 billion euros, as well as a new investor for its survival. German automakers want to become an independent European joint stock company in which GM’s shares will be minimal. German Chancellor Angela Merkel has pledged to provide guarantees for the new investor. According to the head of GM Fritz Henderson, business GM Europe, 80% consisting of Opel, thanks to the introduction of eko premium is doing better than expected. Liquidation of GM in the European unit is likely to last until the end of the year.