General Motors plans to invest Eu4bn (£3.4bn) in its European brands, Opel and Vauxhall, through 2016 as it adds models to increase market share and restore profit in the region.
Spending will focus on developing 23 vehicles and 13 engines to reach a goal of breaking even in Europe by mid-decade, Chief Executive Officer Dan Akerson said at a press conference today. The announcement following a meeting of the US company’s board at the Opel division’s headquarters in Ruesselsheim, Germany. “We’re more convinced than ever…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
