VW may rehire Opel CEO to head Audi: source

Frankfurt

CARMAKER Volkswagen is looking at rehiring the chief executive of General Motors' Opel, possibly to lead its Audi brand, a source familiar with the matter said on Sunday, following a media report that the executive was quitting Opel.

Opel boss Karl-Thomas Neumann plans to resign as General Motors prepares to sell the business to France's PSA Group, German newspaper Frankfurter Allgemeine Sonntagszeitung (FAS) reported over the weekend.