We knew that the new GM global small car platform was important to the embattled carmaker, but now we know just how valuable GM thinks it is. The new Gamma is apparently worth quite a bit to the future of GM -- $3.2 billion to be exact. That's how much GM has pledged to invest in GM Daewoo Auto & Technology Co. over the next two years. The money will primarily go towards "product and powertrain," according to GM CFO Fritz Henderson. He made the announcement at a press conference last week in
Even though GM is one of the biggest players in the global market, it hasn't had much luck in worldwide platform sharing. And it wants to see that change. Soon. Sources are saying that GM is working on a new small car platform known internally as Gamma. This platform could be the basis for the next Opel Corsa and Chevrolet Aveo, and could ultimately support models with an annual volume of 1.4 million cars starting in 2009. Although unconfirmed, Gammas could be built in Korea, China, Thailand, In
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