Oxford Automotive Inc., Troy, Mich., hired Bank of New York Asset...

Oxford Automotive Inc., Troy, Mich., hired Bank of New York Asset Management to handle $11 million in active small-cap domestic equity. The $50 million plan made the move as part of its consolidation of 11 plans. More changes may be made soon, said Thomas Kerns, treasurer. Funding will come from a variety of managers and asset classes.