Yesterday, GM’s European chief Carl Peter Forster confirmed that €9 billion ($14 billion) would be invested in Opel between now and 2012 to help regain lost market share and of this €6.5 has been earmarked for the development of new models and powertrains. According to German media, this investment will spur the development of up to 20 new models for Opel including new hybrids and all-electric vehicles.

The list of new models includes the recently revealed Insignia sedan (pictured), the Meriva MPV (early 2009), next-generation Astra (Q3 2009), Zafira (2010) and Corsa (2011), and all variations of these.

According to Automotive News Europe, the Insignia will spawn a new coupe, a wagon and a crossover. The Astra, meanwhile, will appear as a coupe as well, while the Tigra will be discontinued from next year onwards. The car will be replaced later by a new coupe-convertible based on the compact Corsa. Furthermore, we’ll see the Antara SUV and a new crossover also based on the Corsa.

As for the hybrid and electric vehicles, Opel will develop its own vehicle based on GM’s new E-Flex powertrain from the upcoming Chevrolet Volt.

Opel Insignia Coupe and Estate renderings

2009 Opel Insignia sedan