General Motors’ European subsidiary Opel has announced that it will invest 60 million Euros ($77.4 million USD) in its Szentgotthárd engine plant in Hungary to boost production. The investment, initially announced roughly a week ago, will increase GM’s total investment in Hungary to 700 million Euros ($925 million USD), and follows a 130 million Euro ($172 million USD) investment announced earlier in 2013.
The €60 million will be used to increase production to 650,000 engines per year by 2015, accomplished by adding new production lines in the existing facility. Roughly 100 new workers will join the existing 900 to accommodate the production boost.
The plant currently manufactures most of GM’s Ecotec engines for various vehicles for European and global consumption. It most recently began producing GM-Opel’s new range of 1.6 liter gasoline and diesel four-cylinder engines.