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GM commits to Opel long-term with $4.95 billion investment

April 11, 2013 12:15 AM
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General Motors has underscored its long-term commitment to Opel with the announcement of a four billion euro ($4.95 billion) investment into the European division over the next four years.

The massive financial injection forms the first part of Opel’s new ‘DRIVE!2022′ strategy – a 10-year plan through which GM plans to return Opel to profitability by the middle of the decade, as well as introduce 23 new models and 13 new powertrains by the end of 2016.

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