GM has announced a massive investment program for its ailing European subsidiary Opel over the next four years, worth €4 billion ($5.23 billion). The GM Board of Directors announced the decision today at a meeting in Rüsselsheim, Germany, the home of Opel.
A large part of the announced investments will go into new Opel/Vauxhall models, as GM’s European arm wants to introduce 23 new models including the upcoming Cascada cabriolet and 13 new powertrains through 2016.
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