FRANKFURT, Germany (AP) – General Motors CEO Mary Barra says the automaker will invest more than half a billion euros (over $630 million) in its plants in Europe and build a new SUV at the home base for its Opel division there.
Barra said in a statement Thursday that the steps were a “clear sign” of GM’s commitment to its European subsidiary.
The company will put new money into engine and transmission production at plants in Ruesselsheim and Kaiserslautern in Germany and at Tychy in Poland. A third shift will be added at the company’s plant in Eisenach. On a visit to Germany, Barra said the company plans by the end of the decade to build a new SUV model at Ruesselsheim that would serve as the Opel brand’s “second flagship” along with its Insignia model.