GM announces new investments in Opel/Vauxhall

20-Nov-2014

GM CEO, Mary Barra, poses with Opel Group CEO, Dr Neumann

During her second visit to Germany this year, Mary Barra, chief executive officer of General Motors, announced multiple new investments.

 

Barra confirmed that, by the end of the decade, a new model will be produced at Opel’s traditional headquarters in Rüsselsheim. “This SUV will be the second flagship alongside the Insignia,” Barra said. As announced in March 2014, 245 million euro will be invested in the Rüsselsheim plant to meet future requirements.

 

Barra also declared additional investments of more than half a billion euro in the engine and transmission plants in Rüsselsheim, Kaiserslautern and Tychy (Poland). This will provide the impetus for Opel/Vauxhall to move to the next stage of its powertrain offensive with fuel-efficient engines and transmissions.

 

“Opel/Vauxhall is of high strategic importance for GM,” said Barra. “The product offensive, with 27 new models and 17 new engines, has enjoyed a very successful start. These additional investments will help the brands shine again and further strengthen our position in Europe. They are a clear sign of GM’s commitment to Opel/Vauxhall, to Germany and to Europe.”

 

Opel Group CEO, Dr Karl-Thomas Neumann, was delighted by the message. He said: “General Motors and Opel/Vauxhall are closer than ever before. Opel/Vauxhall has General Motors’ full support and these additional investments are further proof of the excellent cooperation.”

 

Both Mary Barra and Dr Neumann pointed out that all decisions were taken after a constructive dialogue with employee representatives. They recognized the cooperation with European employee representatives and Opel/Vauxhall’s general works council.

 

Dr Neumann also announced that a third shift will be established at the plant in Eisenach from mid-2015. “This is good news for Eisenach, as we are enjoying strong demand for the ADAM and the new Corsa.”

 

Mary Barra expressed her delight with the new Corsa, adding that, with 45,000 pre-launch orders already confirmed, the fifth-generation Corsa is well on its way to becoming a bestseller.

 

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