It would withdraw its requests for $2.2 billion in aid to restructure its European operations, Automotive giant General Motors Co. said on Wednesday.

The Detroit Free Press has reported that Britain and Spain were willing to support GM, but Germany turned down the company's request for $1.2 billion in loan guarantees last week.

Finance Minister Rainer Bruederle, at the time, said, "I am convinced that GM has sufficient funds."

GM would pay for restructuring its European brands. Opel, primarily made in Germany, requires an additional $1.7 billion on top of the $2.3 billion the company has already committed to salvaging the brand after a prolonged industry-wide downturn, said Nick Reilly, president of GM Europe on Wednesday.

Reilly said in a statement, "The decision of the German government last week was disappointing and means that the conclusion of these guarantees is again likely to be months away."

He further said, "We were led to believe that loan guarantees made available to other European companies under the EU program to help offset the impact of the global economic crisis, would be equally available to Opel/Vauxhall." (With inputs from Agencies)