GM to pump 4 billion Euros into Opel for new line-up by 2016
Through 2016, Opel will introduce 23 new models and 13 new powertrains.
Rüsselsheim, Germany—The General Motors (GM) Board of Directors has approved a comprehensive four-billion euro investment program in Germany and Europe through 2016.
“As a global automotive company GM needs a strong presence in Europe—in terms of design and development as well as manufacturing and sales,” said Dan Akerson, chairman and CEO of GM, at a press briefing at Adam Opel Haus. “Opel is a key to our success and enjoys its parent company’s full support.”
In addition to Akerson, Opel CEO Dr. Karl-Thomas Neumann, Supervisory Board Chairman Steve Girsky and Works Council Chairman Dr. Wolfgang Schäfer-Klug also spoke at the press conference in Rüsselsheim, which hosted Minister President of Hesse Volker Bouffier, U.S. Ambassador Phil Murphy and Rüsselsheim Mayor Patrick Burghardt.
A large part of the investments are going into a blitz of new models from Opel. Through 2016, Opel will introduce 23 new models and 13 new powertrains.
“The Board of Directors is here to underline its solidarity and support. Opel has been part of GM since 1929 and is today more than ever a decisive element for the entire company’s innovative power. This partnership is stronger than it has ever been,” said Opel Supervisory Board Chairman Steve Girsky.