NEW YORK — Volkswagen and Ford are teaming up on a massive $7 billion project to attack the new frontier in the global auto market: electric and self-driving vehicles, the companies announced Friday.The German and US auto giants Volkswagen announced they were expanding their alliance accelerating cooperation among otherwise competing global auto giants as they face enormous costs in developing new technologies."It just makes sense for us. It makes both companies stronger," VW chief executive Herbert Diess told reporters. "It makes a lot of sense to combine forces."Volkswagen will invest $2.6 billion in capital and assets in Ford's self-driving unit...

NEW DELHI — The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatization push in more than two decades.Last week, Finance Minister Nirmala Sitharaman in her budget announced that the government would look to reduce direct controlling stakes in some state-run firms on a case-by-case basis.The plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue...