"New Opel" to invest 170 mln eur in Russia - Magna

Newswire

FRANKFURT, Sept 14 (Reuters) - The "new Opel" formed when Canadian automotive group Magna and its Russian partners take over the carmaker plans to invest 170 million euros ($247.5 million) in operations in Russia, Magna co-Chief Executive Siegfried Wolf said on Monday.

He was responding to remarks attributed to an Opel trustee that more than 600 million euros was earmarked to modernise Russia's ...

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