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GM Pledges €4 Billion In Opel Product Development, 23 New Models Coming

General Motors has announced plans to invest €4 Billion (AU$4.95 billion) in its European operations, in a bid to return the Opel and Vauxhall brands to profitability. It won't be easy; there's been a lot of red ink on GM&#39


General Motors has announced plans to invest €4 Billion (AU$4.95 billion) in its European operations, in a bid to return the Opel and Vauxhall brands to profitability.

It won't be easy; there's been a lot of red ink on GM's European ledgers over the past ten years.

The project will focus on introducing 23 new/refreshed models and 13 new engines by 2016, including the upcoming Cascada and new models planned with partner PSA Peugeot Citroen.

GM CEO Dan Akerson announced the investment following a board meeting at Opel's Rüsselheim, Germany headquarters this week.

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