General Motors unit Opel announced that it will invest more than €130 million, or more than $175.55 million in U.S. dollars, into a plant in Kaiserslautern, Germany, reports The Detroit News.
The investment will be used for engine manufacturing plus for building body components and front seat structures to help produce the next-generation Opel Astra and for axles and components for the next-generation Opel Insignia.
“Kaiserslautern delivers high-tech products to our automobile production plants which are of the highest quality,” Karl-Thomas Neumann, chairman of Opel and president of GM Europe, said in a statement.
“In this way, the plant makes a significant contribution to the success of our automobiles and to our product offensive, which will secure the launch of 23 new models and 13 new power units over the course of the coming years.”
Source: The Detroit News
