US auto giant General Motors will invest four billion euros ($5 billion) in its German subsidiary Opel and its British sister brand Vauxhall in 2013-2016, its chief announced Wednesday.
“As a global automotive company, GM needs a strong presence in Europe, in terms of design and development as well as manufacturing and sales,” GM chairman and chief executive Dan Akerson said at Opel headquarters in western Germany.
GM says to invest 4 bn euros in Opel/Vauxhall by 2016
