The automobile manufacturer General Motors (GM) is expected to invest 210 million euros in its plant in Figueruelas, Zaragoza in 2014, in order to produce its latest models.
With this new investment, 300,000 vehicles bearing the "Made in Spain" insignia will leave the Figueruelas Plant, most of which will be sold on international markets.
In 2013, the Zaragoza factory received 170 million euros, meaning that GM's total investment in the Spanish plant will have reached 380 million euros over two years.
The plant, which currently manufactures Corsas and Merivas, will this year start producing the new Mokka SUV, due to the high demand for the vehicle across Europe.
As the Managing Director of General Motors Spain, Antonio Cobo, announced, the Figueruelas factory has received investment from GM totalling 4.3 billion euros since it opened in 1982.
Zaragoza is the largest General Motors plant in Europe.
The European Investment Bank (EIB) has granted a EUR 200 million loan to Banco Popular for financing the investment projects of small and medium-sized businesses, mainly in the industry and service sectors. Read more