MoneyWatch

GM's Barra promises investment for lossmaking Opel

/ AP

RUESSELSHEIM, Germany - New General Motors (GM) chief Mary Barra is stressing the company's support for its struggling Opel subsidiary in Europe.

Barra said it was "no accident" that her first overseas trip was to Adam Opel AG in Ruesselsheim, Germany.

She said "it was very important to reinforce in person my commitment and GM's commitment to Opel."

Barra said Opel's Ruesselsheim assembly plant would be the site for an all-new vehicle that for competitive reasons she couldn't name. Opel lost money last year but managed small growth in its EU market share to 6.8 percent from 6.7 percent.

First published on January 27, 2014 / 7:54 AM EST

© 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.