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.
Maserati has named Chrysler executive Robert Graczyk CEO of the company's North America division, effective immediately. Graczyk, former director of sales at Chrysler Group's Asia-Pacific region, replaces Mark McNabb, who left the company to become COO of Volkswagen of America.
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.
Mercedes-Benz is poised to take aim at the growing compact crossover segment with the five-door GLA -- a vehicle company executives say will be packed with premium features but carry a competitive price tag.
ArcelorMittal USA, part of the world's biggest steelmaker, sued units of OAO Severstal, Russia's second-largest steelmaker, and Nisshin Steel Holdings for allegedly infringing a patent for metal used in auto parts.
Ford Motor Co. has raised its stake in China's Jiangling Motors to 31.5 percent from 30 percent and is looking to increase it to as much as 32 percent over the next year, both companies said on Wednesday.
There's a stubbornly held belief around some dealerships that salespeople can get away with "payment packing" -- traditionally defined as adding extras to a monthly payment quote without divulging them -- as long as the F&I manager eventually discloses to the customer what went into the payment.
One store displays a jar of screws and nails to show consumers the everyday threats to tires. F&I managers at another use computer chips to illustrate how an innocent-looking little chip can generate a big repair bill if it fails.
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.
Striking the right balance between margins and volume is tough for auto lenders. But fierce competition in the subprime segment, especially from new players, could be making the challenge more difficult for longtime subprime companies.
Toyota, the world’s biggest maker of hybrid vehicles, boosted first-quarter sales of dual-powered autos as a jump in overseas demand outweighed a drop in Japan, where government subsidies expired last year.