UPDATED: 5/10/18 4:15 pm ET - adds stock close

Ford CEO: We're 'reinventing' the car, not trying to kill it

CEO Jim Hackett says the company doesn't intend to lose customers with decision to ax sedans in favor of SUVs and pickups; Bill Ford says he remains frustrated by lagging stock price

UPDATED: 5/10/18 4:15 pm ET - adds stock close

VW weighs spinoffs of noncore assets

VW is pondering spinoffs of noncore assets such as motorcycle maker Ducati and transmissions maker Renk, as the automaker seeks to boost its efficiency and become more nimble.

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