GM Reaffirms Commitment to Opel, will Invest €4 Billion, Present 23 New Cars Through 2016
Cars

GM Reaffirms Commitment to Opel, will Invest €4 Billion, Present 23 New Cars Through 2016



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.

Read more »




- Buick May Bring Second-generation Opel Adam To The Us
The Europeanization of Buick’s lineup is something we can count on for the future, as more Opel/Vauxhall models will make it stateside. Buick currently sells the Encore (Opel Mokka), Verano (Opel Astra sedan) and Regal (Opel Insignia), and next...

- Audi Announces Investments Of €22 Billion Through 2018, Confirms All-new Tt For 2014
Audi has announced an extensive investment program for the next five years, with the VW-owned luxury carmaker planning to invest around €22 billion ($30.3 billion) between 2014 and 2018 in new models, innovations and the expansion of its global...

- Opel Looking To Reduce Co2 Emissions By 27 Percent By 2020
Opel, GM’s main European branch, has announced that it plans to reduce its carbon emissions footprint by 27 percent with the introduction of a multitude of new powertrains, which will help them comply with the increasingly-stringent EU laws. ...

- Gm: Nick Reilly To Temporarily Head Opel And Vauxhall After Carl-peter Forster's Resignation
As many anticipated, General Motors announced today that the company's executive vice president and head of international operations, Nick Reilly, will take over responsibilities for the operations of Opel and Vauxhall Europe. Reilly, 59, will replace...

- Report: Abu Dhabi Royal Family Interested In Gm's Opel Unit
German newspaper Westdeutsche Allgemeine Zeitung as well as Reuters are reporting that Rainer Einenkel, head of the works council at General Motors' Opel plant in Bochum, Germany, confirmed talks between a high-ranking member of the Abu Dhabi royal...



Cars








.