Photo: Opel
Just two weeks after announcing plans to invest €4 billion ($5.19 billion) in its Opel subsidiary over the next four years, General Motors has revealed that it will infuse another €230 million ($298.7 million) in the German-based automaker.
The US automotive corporation revealed today that it will invest €230 million for new testing facilities at the Opel headquarters in Ruesselsheim, Germany, over the next three to four years. The new investment will reportedly serve to update older factory equipment and improve the Dudenhofen-based proving grounds, among other operational enhancements.
“This significant investment will last for decades and it will secure the future of the European Product Development Centre,” said Opel CEO and President of GM Europe Dr. Karl-Thomas Neumann. “The development done at Ruesselsheim will be on engines and transmissions for Europe and the rest of the world. This move will give us global responsibility in engine development,” added Dr. Neumann.
Opel claims the new investment is still subjected to the approval of the company’s Supervisory Board, but we highly doubt the automaker will reject GM’s proposal.
“This significant investment will last for decades and it will secure the future of the European Product Development Centre,” said Opel CEO and President of GM Europe Dr. Karl-Thomas Neumann. “The development done at Ruesselsheim will be on engines and transmissions for Europe and the rest of the world. This move will give us global responsibility in engine development,” added Dr. Neumann.
Opel claims the new investment is still subjected to the approval of the company’s Supervisory Board, but we highly doubt the automaker will reject GM’s proposal.
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