(1). Ford and Volkswagen said that they were talking about a “strategic alliance” which could see them develop commercial vehicles together. Ford also unveiled plans to create a hub for electric and autonomous cars, technologies where it has lagged behind its rivals.
(2). Rupert Stadler, the chief executive of Audi, Volkswagen’s luxury brand, was sent to jail in Germany while a judge looked into allegations that he might try to interfere with an investigation into VW’s emissions cheating. He is the most senior executive at the VW group to have been arrested over the scandal.
(3). 1:General Electric was booted out of the Dow Jones Industrial Average. 2:The company had been on the index of 30 share prices continuously since 1907 and was one of its original components in 1896. 3:It is replaced by Walgreens Boots, a pharmacy chain. 4:GE was the most valuable American company in 2000, but its share price has halved over the past year owing to a difficult restructuring process.