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Lithium makers for EV batteries get a dedicated hedge fund

Will Smith, a former partner at Michael Hintze's investment firm CQS UK, is starting a hedge fund that will bet on companies that could gain from the expected boom in electric cars.

UPDATED: 1/17/18 10:05 am ET - adds GM press release

VW brand will invest $3.3 billion in quest for U.S. relevance

VW will invest more than $3.3 billion in North America to give a boost to its core brand as the automaker seeks to build the marque's U.S. market share in the wake of its emissions-cheating scandal.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.