F&I Management & Training

General Motors has injected 650 million euros into Vauxhall/Opel while it negotiates a 4.3 billion euros financing package from European governments for its struggling European division.

The carmaker said that the support included acceleration of payments owed to Vauxhall/Opel for engineering services. The payments would normally have been made in April and July.

GM said: "The payment accelerations serve as a temporary funding source for the Vauxhall/Opel group's operations until more permanent financing can be arranged."