auction house sotheby's shows the ferrari sold for seven point five million dollars almost twice the asking price schumacher suffered a severe head injury in a skiing accident four years ago. you're watching the news still to come going green a tesla unveils its new own electric truck more on that in our business a show coming up but monica jones. you're watching the news coming to you live from but and remember you can always check out our website does d.w. dot com but i do stay with the news and for monica is. united against climate change. big challenges for the twenty third u.n. climate conference in bonn. our nations working to meet their paris agreement

targets cop twenty three this week on e.w. news. it's all about the moments that right before. it's all about the still lives inside. it's all about joy chance to discover the world from different perspectives. join us and be inspired by distinctive instagram or others at g.w. stories new topics each week on instagram. at. it can run on battery for eight hundred kilometers but it doesn't have a price tag yet tesla c o e long mask on they'll his company's first electric truck and he throws in

a surprise you sports car. also coming up with thousands of jobs set to go and greasy men's employee least take to the streets in germany. well not once but twice tesla c.e.o. ilan muscat postponed to the presentation of his electric big truck but last night was finally the night he unveiled to the long awaited vehicle in california designed to challenge the climate damaging gas guzzlers on the highways and he threw in a surprise sports car as well take a look. it was a big show for a big truck. tesla basilan musk joked that this would be the most useful eighteen wheeler ever tweeting it could transform into a robot fight aliens and even brew coffee and he said it's built for the long haul but. now one of the biggest questions we've been asked about. electric trucks is

well how far can they go because well it's perhaps a five hundred mile range. that's about eight hundred kilometers the driver sits in the middle no need for different models with steering wheels on the right or left musk promised his electrode truck would be cheaper to maintain than today's diesels it's set to hit the road in just two years but musk was coy about the price which logistics firms had been hoping to find out. tesla's car business has so far served a small niche small fast and expensive luxury cars that's where musk had another surprise up his sleeve the second generation of the tesla roadster the car the company was founded on the new castle road there. we were fastest car production car ever made period. even though the crowd here reacted so euphorically many experts in the field are skeptical tesla has

a myriad of pressing problems above all the model three intended to take over the mass market instead of the fifteen hundred vehicles that expected to build tesla was only able to make two hundred sixty last quarter experts say some of them were badly assembled tesla has been in the red for years last quarter it lost millions of euro's and just recently hundreds of workers were let go now more than ever the question remains can test a gene its goals or just a series of funny tweets and product present. ations already there. and with a lot quick last question i would like to pick up know and cross over to jack evans he is the news and to all of the car dealer magazine in gosport england good to have you with us i believe you and suddenly your paper is quite taken by this new tesla truck what do you find convincing about it

i mean the speed the speed figures are very very exciting you're saying they'll be able to do sixty seconds sixty mile an hour in just five seconds which is unheard of in the kind of class and also sixty mile an hour in twenty seconds when it's fully loaded which is just incredible but i mean do you buy it there off critics and critical voices from the industry industry insiders who certainly point towards the five hundred miles or eight hundred kilometers battery range and they say under today's conditions today's standards that is just not doable. i mean the proof really will be in the testing obviously the foreign evolve range is going to stand out for most people but it's really until we get these trucks out on the road they will be able to see if that range is realistic so who is going to buy it if you say we have to wait until they're out on the road when they say they want to go into production by twenty nineteen that is about a year from now it only makes sense if somebody actually buys them we don't have

the price talk we don't know if we can trust the range how do you think this is going to work well i mean conventional trucks we around one hundred twenty thousand dollars us dollars given that we think the total truck would be around two hundred fifty thousand u.s. dollars but after all is just an estimate for nurse are we really going to see for more figures as they are released if you were to run a logistics company would you go and splash out that amount of money not really knowing what you're getting. i mean it is a gamble but. the chances are that it will be able to bring down roaming costs simply by the way replacing diesel for the trip all depends on whether that range is realistic and do for the on a day to day basis as well ok so it takes a bit of idealism probably on the sides of the logistics companies jack evans their news editor of the car dealer magazine in gosport england thank you so much for

joining us. we're talking of idealists in the swedish city of gotham book european leaders meeting today for an e.u. social summit they're promoting a set of twenty social rights and work lol guidelines designed to make social provision more even across the block the heads of the european parliament e.u. council and commission are expected to sign the guidelines the new paper forms what president the president of the european commission has called a pillar of social rights. now that is quite an impressive title of course let's find out what's behind all this this is in gotham but for us following this so what do we make of this pillar of social rights what is it about. the pillar really and shrines monica twenty a principle in social rights from the labor market from the welfare states many

things that already exist throughout the twenty eight european member states about the idea really here is to make recommendations to set a standard that those countries that are alleging behind on social rights can work towards and i mean does it have any bite if you say that most of those standards are already exist. although the this pillar really what it will bring the question here is what member states will will make out of it if it is something that will trigger legislative processes if it is something that role as head of the european commission put it start a race to the top of a social standards that will be very good news for millions of european citizens and it will probably also be good news for large parts of the economy something that is not mutually exclusive but because after all if you look at for instance

the more flexible working arrangements better childcare facilities that is something that could bring more women to the labor force if you look at the right to education it could bring more skilled labor to the workforce but that is all something that is now up to member states to really put this pillar into action to breathe some life into those social rights get matches in gotham back in sweden for us thank you so much. now as you can imagine there's been an angry reaction here in germany to the announcement of job cuts and plant closures at the engineering giant siemens the company is highly profitable but it says its turbine division can't keep up and it makes parts for fossil fuel power plants siemens says it's been hit by the switch to cleaner energy sources. zimmerman's workers took to the streets as the job cuts were announced. the industrial giant said it would

slash two percent of its workforce despite billions in profits a decision that will shock. i can't understand it at all i just thought they're playing around or it's incorrect information until now you can't close down a factory working at full capacity and especially not here in germany's east. the company blamed the shift to green sources of energy like solar power for the move. forward member lisa davis said the power generation industry is experiencing disruption of unprecedented scope and speed renewables are pushing other forms of power generation under increasing pressure today's action follows a nearly three year effort to rightsize the business for this changing marketplace . zeman says its power and gas division is worst hit by the switch to renewables demand for gas turbines has tumbled dress to create depressing prices and profits

and that means six thousand nine hundred jobs around the world must go almost half are in germany with the country's east hardest hit two plants there in the cities of light position gurlitz will shut down completely and a third hangs in the balance the two plants to be shuttered are in a state of saxony which depends on them for jobs and tax income. it's like this for ok we're now in for a fight because we can't just accept this decision the supervisory board has a responsibility to take a critical look at the state government unions and works councils reached out their hands seaman's needs to accept this and find solutions that benefit the affected regions and employees shift. zeman says it will try to avoid forced redundancies and will move workers to other if they can seize within the company but that's little comfort for the communities they will leave behind. as the financial views

and as to my loan is standing by at the frankfurt stock exchange should know how to invest us feel about siemens drastic measures. well a full day after this news broke the share price is looking very flat indeed and that tells us two things one investors aren't really surprised by these job cuts rumors had been circulating for weeks and the board itself said yesterday that this decision was years in the making and they're also familiar with chief executive joe kayser is longstanding crusade to streamline the company on the other hand they're clearly not thrilled just the scale of this restructure and the amount of opposition already forming to the plans means that siemens could be stuck in a holding pattern for a few years at least the trade unions of course have a lot of power in germany because they sit on the supervisory boards that wave three major strategic decisions and they're clearly not going to make this easy ok and i do my loan in frankfurt thank you so much. that's your business update.

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