Dow Jones Top Company Headlines at 3 AM ET: Volkswagen Seeks to Halve Model Lineup and Shrink Capacity to Cut Costs | easyJet ...

A Dow Jones early-morning roundup highlighted major corporate moves across autos, airlines, AI, telecoms, biotech, and transportation regulation. Volkswagen said it plans to halve its model lineup and shrink production capacity to match current market conditions as it faces high costs and stronger competition, especially from China. In airlines, easyJet agreed in principle to a $7.6 billion takeover with Apollo, withdrawing its recommendation for a competing proposal by Castlelake. In technology, OpenAI’s No. 2 executive Fidji Simo will step down after not returning from medical leave, ahead of the company’s move toward going public. Other items included MiniMax’s $2 billion fundraising plan, Vodafone becoming a key shareholder through a $5.9 billion stake purchase, and Boeing’s smallest 737 MAX nearing an FAA certification milestone expected later this month.