Opel and its UK
twin Vauxhall are to receive a massive €4 billion (about R46.5 billion) cash injection
from parent General Motors over the
next four years in order to help the struggling European brands crawl out of
their current bad situation.
The money will be used, among others, to develop and
eventually deliver about 23 new models to the market by 2016. Even in the Mzansi market, the once-respected Opel brand has taken a serious dip in sales, despite
really good products like the Astra
and Meriva ranges. It has been left
far behind by its chief rivals from Ford, Toyota and Volkswagen, and to a
certain extent, its own cousins at Chevrolet.
1 comment:
damit it's about time. I love Opel man and I wanna see it take on VW head-on
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