Volkswagen Seeks to Halve Model Lineup and Shrink Capacity to Cut Costs
It said it will concentrate on the most attractive segments, and adjust production capacity to the current market reality, as it grapples with high costs and intensifying competition in and from China.
easyJet Agrees in Principle on $7.6 Billion Takeover Deal From Apollo
The airline said it agreed in principle on a rival takeover deal with asset-management firm Apollo and was withdrawing its recommendation for the proposal by Castlelake.
OpenAI's No. 2 Executive to Step Down in Latest Leadership Shake-Up
