The chairman of the Opel Trust, Fred Irwin, Tuesday said that General Motors Co's administrative board will meet soon to discuss the future of Opel, suggesting that a decision on the subject is drawing closer.

"They will meet today (Tuesday) or tomorrow (Wednesday)," he said in an interview with German radio station Deutschlandfunk.

Opel only has liquidity until mid-January 2010. For this reason, a final decision must be made as soon as possible, he said.

In view of the time pressure it is not in the interest of the trust to repeat the bidding process, Irwin said.

European Competition Commissioner Neelie Kroes has expressed criticism of Germany's aid for Opel. Kroes has said there are "significant indications" that the planned aid for Opel doesn't comply with European Union competition rules.

Radio Web site: www.dradio.de

-By Nico Schmidt, Dow Jones Newswires; +49 69 29725 500; djnews.frankfurt@dowjones.com