Volkswagen AG is considering forming an alliance with Ford Motor Co. to share costs for development and production of vans and pickup trucks, according to people familiar with the matter.

Volkswagen AG will pay a $1.2 billion fine ($1 billion euro) imposed by German prosecutors for cheating to get around diesel-emissions regulations, closing one chapter in a three-year-old crisis even as new developments arise.

MAN SE will take steps to become more profitable as owner Volkswagen AG prepares to split the 260- year-old German industrial conglomerate and potentially sell a stake in its commercial vehicles division to outside investors.

Herbert Diess, CEO of Volkswagen AG, pledged to step up integrity and compliance efforts as part of the German manufacturer’s deepest overhaul since the diesel-emissions scandal came to light in 2015.

Robert Bosch GmbH said its engineers have developed a new diesel-exhaust system that cuts emissions far below legal limits taking effect in 2020 and can help automakers avoid potential driving bans in Europe that threaten to doom the engine technology.

Volkswagen AG is speeding up preparations for its heavy commercial-vehicle division to sell stock or debt on its own as the unit expands to compete with global leaders Daimler AG and Volvo AB.

Volkswagen AG’s heavy-vehicle division is open to a takeover of U.S. affiliate Navistar International Corp. as the German company seeks scale to compete with global leaders Daimler AG and Volvo AB.

Volkswagen AG picked a new leader in a management shakeup to ready the world’s largest automaker for a wave of technological change upending the industry’s traditional business models.

Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter.

Volkswagen AG’s Moia division unveiled a six-seater, battery-powered minibus to enter the market of app-based ride hailing and car-pooling, taking on the likes of Uber Technologies Inc.