Bloomberg When President Donald Trump visits the Detroit area this week, he’ll come bearing a gift: a first step toward relaxing rules that could cost automakers about $33 billion. Trump will announce as part of a visit to Ypsilanti, Michigan, on Wednesday that his administration will begin re-examining fuel-economy standards set by the Obama administration, according to two people …

  Bloomberg Volkswagen AG sought to draw a line under the diesel scandal that has locked it in crisis mode for more than a year, with sweeping restructu- ring efforts starting to take hold and profitability improving at the namesake brand. Still, Chief Executive Officer Matthias Mueller acknowledged lawsuits on emissions case will continue to preoccupy the carmaker for “many …

  Bloomberg TAG Heuer, a Swiss watch brand that has bucked the industry’s slump, expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces. Chief Executive Officer Jean-Claude Biver said on Tuesday his “cautious” forecast is for TAG Heuer’s sales to rise 8 …