GM to invest US$5.2b in loss-making Europe unit Opel

General Motors has pledged to invest 4 billion euros (HK$40.6 billion) in loss-making Opel by the end of 2016 to support new model launches, renewing a commitment to its ailing European brand.

GM is aiming for a slight improvement in its European business this year, but not anywhere near enough to avoid a 14th straight annual loss as car sales on the continent plunge to their lowest in almost two decades.

via Business feed http://www.scmp.com/business/companies/article/1212093/gm-invest-us52b-loss-making-europe-unit-opel