General Motors has announced a new restructuring plan for its Opel subsidiary, which involves more than 8300 job losses and 2.7 billion euros in state aid.
Four thousand of the job cuts will be in Germany, where at least half of GM's European staff are based.
To boost its performance, GM is also planning to invest 11 billion euros over the next five years, to develop new cars, new forms of propulsion and enters new markets.
GM says the investment is part of a plan to break even within two years.
GM is seeking a total of 2.7 billion euros in loans from European governments, with 60% to come from the German government.
