3 storied General Electric to split into public companies

The storied US company General Electric will split itself into three public companies focused on aviation, healthcare and energy. Founded in 1892, the company has reshaped itself in recent years from the huge conglomerate created by Jack Welch in the 1980s to a much smaller and focused entity. It was badly damaged by the financial … Read more

What’s driving the latest Volkswagen power struggle?

Volkswagen CEO Herbert Diess’s tenuous relationship with German labor representatives hit a new low this week with disagreements over how revolutionary the overhaul at Europe’s top carmaker should be in its quest for electric vehicle dominance. While both sides tried to demonstrate unity at a staff meeting on Thursday, for the first time in nearly … Read more