Headlines for Wednesday, April 17, 2013

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Opel names new human resources boss

Opel has named Ulrich Schumacher its new human resources and labor relations boss. The 55-year-old German, who has worked at Ford and Magna International, also will serve as vice president of human resources for General Motors Europe. Read More »

Europe car sales drop 10% as Germany plunges

European car sales dropped 10 percent in March as declines at PSA, Ford and VW and a plunge in Germany put the industry on pace for the fewest annual deliveries in 20 years. Read More »

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2013 SHANGHAI AUTO SHOW:

MG previews brand's first production SUV

MG Motor said its MG CS concept previews a potential compact SUV/crossover that would target young, fashion-conscious people. The MG CS is similar in size to the Nissan Qashqai. Read More »

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Opel confirms Bochum plant to close in late 2014

GM's Opel unit solidified plans to close its car plant in Bochum, Germany, at the end of 2014 after workers rejected a wage freeze, the first shutdown of an auto factory in the country since World War II. Read More »

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Heuliez, VW in partnership talks

French contract manufacturer Heuliez is in partnership talks with Volkswagen. Heuliez said VW may supply parts to the company in exchange for manufacturing services. Read More »

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Opel board meets to seal fate of Bochum plant

Opel's supervisory board is meeting today to approve the first closure of a German auto plant in the country since World War II. The carmaker is shutting the Bochum plant, which builds the Zafira minivan, as part of a wider restructuring plan in Europe. Read More »

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BMW's China JV will build EV under Zinoro brand

BMW's Chinese joint venture with Brilliance Automotive will build an electric car to be marketed under the newly created Zinoro brand. The car will go on sale in the first quarter of 2014. Read More »

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Daimler exits EADS with $2.9 billion stake sale to focus on cars

Daimler has sold its remaining stake in European Aeronautic, Defence & Space Co. for 2.2 billion euros ($2.9 billion) to focus on its auto business. Read More »

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