On Air Now

Listen

Listen Live Now » 95.5 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
67° Feels Like: 67°
Wind: WNW 12 mph Past 24 hrs - Precip: 0.02”
Current Radar for Zip

Tonight

Scattered Thunderstorms 65°

Tomorrow

Partly Cloudy 84°

Sat Night

Thunderstorms Late 61°

Alerts

General Motors CEO says Opel is vital part of automaker

A sign depicting the Opel logo is pictured in front of the Opel Adam AG headquarters in Ruesselheim April 10, 2013. REUTERS/Lisi Niesner
A sign depicting the Opel logo is pictured in front of the Opel Adam AG headquarters in Ruesselheim April 10, 2013. REUTERS/Lisi Niesner

RUESSELSHEIM, Germany (Reuters) - General Motors Co's new chief executive, Mary Barra, on Monday said lossmaking European unit Opel was a vital part of the automaker.

"It is no accident that I chose to come to Germany. I thought it was very important to reinforce my commitment to Opel, Opel is clearly a vital part of our company," said Barra, who took the top job earlier this month.

In April 2013, General Motors said it would invest 4 billion euros ($5.5 billion) to fund 23 new models and 13 new engines by 2016 to overhaul Opel's ageing product range.

(Reporting by Edward Taylor; Editing by Victoria Bryan)

Comments