General Motors announced that it will invest $449 million to upgrade manufacturing processes in its preparation for the next generation of electric vehicles and battery technologies.
GM announced today that it will invest 230 Million Euros for new testing facilities into its European Product Development Centre at the Opel headquarters in Ruesselsheim and at the proving ground in Dudenhofen. The investment will be executed in the next three to four years. It only comes two weeks after GMâ€™s Board of Directors visit of the European Opel/Vauxhall operations and a commitment to invest 4 billion Euros for future product between 2013 and 2016.
The General Motors Board of Directors used its meeting in RÃ¼sselsheim to approve a comprehensive investment program: GM will invest 4 billion euros in Germany and Europe through 2016.