's supervisory board has approved changes in the company it hopes revitalizes the brand. The most important element is "massive" investments in new products over a four year period. The division also plans to increase exports and cut materials and development costs. The Opel board said it expects to also see savings from GM's partnership with Peugeot-Cetroen.
The board's press release was short on details about how the plan would work or how it would be implemented.
Stephen Girsky, Vice-Chairman, General Motors and Chairman, Opel Supervisory Board, said in the statement, "The plan we approved today paves the way for Opel's strong future.
Autoblog , Opel board approves new turnaround plan, Opel board approves new turnaround plan
