GM announces SUV, Opel investments
General Motors Co. said Thursday it will produce a new SUV at Opel in Rüsselsheim, Germany, by the end of the decade and will invest more than 500 million euros (more than $627 million in U.S. dollars) in three engine and transmission plants in Europe.
GM CEO Mary Barra made the announcements during her second trip to Germany this year.
“This SUV will be the brand’s second flagship alongside the Insignia,” she said in a statement.
GM offered no additional details on the SUV, but confirmed it will make investments at engine and transmission plants in Rüsselsheim and Kaiserslautern, Germany, and Tychy in Poland.
“Opel is of high strategic importance for GM. The product offensive with 27 new models and 17 new engines has enjoyed a very successful start,” Barra said in a statement. “These additional investments will help the brand shine again and further strengthen our position in Europe. They are a clear sign of GM’s commitment to Opel, to Germany and to Europe.”
Opel also will add a third shift at its Eisenach, Germany, plant in mid 2015, as the brand has strong demand for the Adam and new Corsa vehicles.
Opel Group CEO Karl-Thomas Neumann said Opel has GM’s full support and additional investments are “further proof of the excellent cooperation.”
In March, GM announced it would invest 245 million euro (about $337 million U.S. dollars) in Opel’s Rüsselsheim plant to support building a new vehicle at the plant.