General Motors unit Opel on Friday announced it will invest 245 million euros in Ruesselsheim, Germany to build new Buick vehicles for the United States.
The automaker declined to give further details about the new vehicle – but the Supervisory Board gave the green light for the future production of an additional variant of the Insignia.
At this moment Opel build four Insignia models, which share the same underpinnings as the Buick Regal.
“With the investment in a new, additional model for Ruesselsheim, we will take another important step in our multi-billion dollar model offensive with which we will pave the way for Opel’s profitable growth,” said GM President and Opel Supervisory Board Chairman Dan Ammann.
“And the Buick production in Ruesselsheim will further improve our capacity utilization,” added Opel CEO Dr. Karl-Thomas Neumann.
On the same time the German automaker announced that from January 2015 the company will stop selling Opel vehicles in China. General Motors will continue to sell Buick vehicles in China.
According to the official press release, last year only 4,365 Opel cars were sold in China, compared to 810,000 Buick models.
Opel begun sales in China in 1993, accounted for less than 1 percent of GM’s total sales in the country last year.
by Mircea Serafim
) - Friday, March 28th, 2014 - filed under Industry
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Discuss: Opel invests 245 Million Euros in Ruesselsheim; Will build Buick vehicles for the US