Ford and Volkswagen Pick Up Speed

Ford turns a surprising profit and Volkswagen moves closer to owning Porsche, in this video edition of The Business Week

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Ford (F) has managed to avoid bankruptcy, unlike the other two large U.S. carmakers, General Motors and Chrysler. Now it has even turned a profit, sort of. BusinessWeek Detroit Correspondent David Kiley reports on Ford's successes. Plus, Porsche (PSHG_p.DE) CEO Wendelin Wiedeking has resigned, leaving Volkswagen (VOWG.DE) in position to run the sports-car manufacturer. Frankfurt Correspondent Jack Ewing assesses the potential power of the combined company.

Also, we explain how Apple (AAPL) continues to report strong results and why European youths have such a high rate of unemployment. Then we look at the economic week ahead.

To see our feature on the high unemployment of Europeans under the age of 25, click here.

For our look at the economic week ahead, click here.

For a look at the week's top business stories, go to BusinessWeek.com's Executive Summary.

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