Bloomberg Mitsubishi Heavy Industries Ltd. is considering spinning off its shipbuilding business and planning local partnerships as weak demand for vessels prompts companies in the industry to reorganize their operations. A decision on a new structure for the shipbuilding operation may be announced in July, Eiji Matsubara, a spokesman for Mitsubishi Heavy, said by telephone from Tokyo Tuesday. Nikkei …

  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 …