NEW HUNGARY ENGINE PLANT TO FUEL GM GROWTH IN SOUTH-EAST EUROPE
May 1st, 2011
BY ZLATKO ?ONKA?
GENERAL Motors (GM) Europe unit Opel/Vauxhall is constructing a new engine plant in the western Hungarian city of Szentgotthárd, aiming to boost the company's growing share of the south-east Europe market. Opel managers have said they want this Euro EUR500 million investment (US dollar USD713.780 million) to help the company grow its 5.5% market share (in 2010 - 35,456 cars) of the regional market, making it the sixth most popular marque (up from eighth in 2009). "With this new project we strive to become the best engine plant in the ...
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