Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Investing

GM’S BARRA: NEW INVESTMENT, SUV FOR OPEL

Published by Gbaf News

Posted on November 21, 2014

Featured image for article about Investing

FRANKFURT, Germany (AP) — General Motors CEO Mary Barra says the automaker will invest half a billion euros ($630 million) in European plants 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.

Barra said it plans to build a new SUV model at Ruesselsheim that would serve as the Opel brand’s “second flagship” along with its Insignia model. SUVs have been one growth segment in Europe’s depressed auto market.