General Motors SA will inject a R300 million capital investment into its operations in 2004, further boosting confidence in the local market.

General Motors SA will inject a R300 million capital investment into its operations in 2004, further boosting confidence in the local market.

The investment will primarily be earmarked for facility and equipment upgrades to eventually increase volumes and heighten its competitiveness while becoming more integrated in the global company.

Vehicle assembly operations director Michael Pearton said: “Our integration with GM will produce synergies in several areas of our business which will enable us to be more competitive in the global automotive industry.”

GMSA assembles a wide range of Opel and Isuzu vehicles for which certain components are secured from various sources within GM’s business units and from its affiliates such as Isuzu Motor Corporation.

“Our complete integration with GM will accelerate the exchange of knowledge, thereby increasing the expertise of our employees particularly in technology and related areas,” said Pearton.

Original article from Car