GM reaffirms support for Opel

January 28, 2014 12:12 am

Mary Barra, the CEO of General Motors (GM) has said the US carmaker is sticking to plans for its Opel unit to build an all-new vehicle at the brand’s main plant in Germany, as part of an effort to restore earnings in Europe, Bloomberg has reported. Opel is investing €4bn ($5.5bn) in the four years through 2016 to develop new vehicles and engines, as GM’s European division, which also includes the Vauxhall marque in the UK, targets a return to profit by mid-decade. Opel is “clearly a vital part of the company,” Barra told journalists at the division’s headquarters in Frankfurt. “I thought it was very important to reinforce in person my commitment, and GM’s commitment, to Opel.”