GM's Akerson reaffirms commitment to Opel

Associated Press
GM's Akerson reaffirms commitment to Opel

From left: Karl-Thomas Neumann chairman of Adam Opel AG, Dan Akerson, chairman and CEO of General Motors (GM), and Steve Girsky, chairman of the Opel AG supervisory board attend a meeting Ruesselsheim, Germany, Wednesday April 10, 2013. General Motors' top executives have reaffirmed their commitment to Opel, the U.S. auto group's lossmaking European subsidiary, promising to invest another 4 billion euros (US $5.2 billion) in the company. GM Chairman and CEO Dan Akerson said at a news conference held at the company's German headquarters Wednesday that GM was "fully supportive of the Opel turnaround plan" and that the Detroit-based group "must have a strong presence in Europe and especially here in Germany." Akerson added that GM had approved the investment of 4 billion euros in Europe by 2016 but did not announce any new plant closures or other specific measures to improve earnings. (AP Photo/dpa, Arne Dedert)

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