Headlines for Thursday, February 28, 2013

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ThyssenKrupp offices raided in German auto steel suppliers probe

ThyssenKrupp AG, Germany's biggest steelmaker, said an antitrust watchdog in the country raided its offices in the western city of Duisburg today. Read More »

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GM guarantees Opel jobs after unions agree to factory closure, pay freeze

Opel labor leaders agreed with management to the closure of the Bochum car plant in Germany at the end of 2016 in exchange for job guarantees for 20,000 German workers. Read More »

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Mazda bets on CX-5 to lead growth in Europe

Mazda plans to grow in Europe as it bets on the success of the CX-5 compact crossover and the new Mazda6 mid-sized sedan and wagon to help it defy a stagnant market where most other volume brands are being hit by declining sales. Read More »

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Daimler nominates Avon's Jung for supervisory board

Daimler has nominated the former CEO of U.S. cosmetics giant Avon to the supervisory board in an effort to increase female representation. "Andrea Jung has excellent management and market knowledge," particularly of North and South America and Russia, Daimler said. Read More »

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