VW-Porsche

With Wendelin Wiedeking’s ousting from Porsche, VW now sits in the driving seat ahead of a merger of the two carmakers

Car industry in crisis

Global carmakers – from the Detroit Three to Europe and Asia’s biggest marques – are struggling to emerge from the worst downturn in decades

View from the Top

Michael Spencer of Icap on the regulation of over-the-counter derivatives market

• BofA to repay $45bn in Tarp funds
• Peugeot and Mitsubishi eye capital tie-up
• American Airlines steps up efforts to woo JAL