General Motors wants to rebuild FSO in Poland
As Poland returns to the group of leaders in car manufacturing in the region. General Motors wants to make Poland a European center of Chevrolet manufacturing.
In order to turn the FSO factory in Warsaw into a European centre producing around 400,000 Chevrolets, General Motors is even ready to return the €138 million ($191 million) that the Polish state invested into rescuing FSO after the Korean Daewoo car manufacturer went bankrupt, reports Rzeczpospolita.
General Motors, ten days ago, announced that they paid $254,5 million for 40% of FSO shares. “It is not about a five-year cooperation here, but about being involved for 25 years or even more”, explains Peter Forster, CEO for General Motors Europe. (thenews.pl)
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