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tv   Business - News  Deutsche Welle  December 7, 2017 12:02am-12:16am CET

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stories and thousands more flooded social media under the me to hash tag as part of a global outcry. at the. jail time for a big wig out for it's a bargain the top head of the w.'s environmental department in the u.s. is sentenced to prison and others could follow. also on the program legal cannabis in an increasing number of countries means increasing amounts of money for merchants we'll show you the booming business. and beat the battery beetle if the carmakers don't produce the cars you want create them yourself this mexican man just turned his old car electric. sign for business on the w. i'm high you know to get us welcome to the program diesel gate has cost five millions in fines and recalls but so far the executives of the company have not
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been punished now in the u.s. where the scandal was first uncovered v.w. manager all of a schmitt has been sentenced to seven years in prison and a fine a four hundred thousand dollars most executive spaced and germany haven't even lost their jobs. oliver schmidt will be the first german v.w. manager to be imprisoned for his role in the emissions scandal he admitted that he knew about the software manipulation and lied about it to u.s. authorities he characterized himself as a scapegoat acting on behalf of management that didn't help him much in court but as part of his guilty plea prosecutors agreed to drop most of the counts for the time being one of the schmidt will be the final u.s. conviction in the v.w. emissions scandal the company manipulated the emissions values on their diesel vehicles for years the german carmakers already paid out over twenty five billion euros in compensation and fines in the u.s. despite the scandal folks wagon this once again making record profits. all right
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it's a big topic and we want to discuss said with our correspondent in new york caught the high end good to see you there now we know it now it's seven years in prison a fine of four hundred thousand dollars but i think we can say at this point it could have been worse it could have been worse but it also could have been better the attorney of all of us from it argued that he should not get more than forty months in prison because all of us made was not the mastermind he was not responsible for implementing the cheating software but then again he also didn't share information he had with u.s. authorities and then there was this ridiculous thread of one hundred sixty nine years in prison but that was a technical threat so that to force all of us from it to plead guilty ok this is the first case that we're seeing in the u.s. so far this set a precedent for other v.w.
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executives for example. that's what the u.s. prosecutors probably tried to achieve we see that quite often that prosecutors. they're lowering to try to gather information and then work their way up to higher management but most of the other executives they're managers in wolf to live in germany and not in the united states so it will be really tough to go after them and then for sure we also have to see what's happening with other german car makers where we see similar legation. but it will be really tough to go after those managers who live in germany but i'm quite sure a lot of those will certainly not spend their next of education in florida that's for sure thank you very much it's caught covering this story for us at the new york stock exchange but we stay on the subject because in spite of the diesel scandal the car industry here has really accelerated this past year germany's
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global market share moving again now every fifth car built around the world was made by a german company german cars are everywhere the automakers here have managed to increase their global market share by continuing to build more vehicles abroad production outside of germany as accelerated by seven percent to almost eleven million vehicles a year production inside germany has also increased. for the especially good news is development on the employment side the german car makers and distributors employ eight hundred eighteen thousand workers here at home. that's the highest level in twenty six years eleven thousand jobs have been added to the workforce in the past year. altogether german car makers have produced a grand total of sixteen and a half million vehicles since this time last year increasing their global market
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share by four percent but the chinese have churned out even more at twenty four and a half million and increasing their market share by a respectable two percent over the year but the u.s. is headed in the other direction carmakers they're losing two percent of their market share manufacturing less than seventeen million vehicles around the world. despite the optimistic german figures the association of the automotive industry expects the upward trend to cool down in the coming year with new car registrations expected to fall by two percent in twenty eighteen. and a key element for every carmaker is the development of electric cars that are the future of mobility but just like any new technology they're expensive well not if you're talented at enjoy a bit of tinkering take in mexico city for example he decided to upgrade his old beetle and turn it into a state of the art electric vehicle. with fourteen batteries under the hood hector
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ruiz drives into mexico city's rush hour traffic an electric beetle with zero c o two emissions a rarity in the mega metropolis with five million cars jockeying for position smog blankets the city people choke on exhaust fumes. yes there's ways that i want this here is my contribution it shows that we can all do something for the environment we have the same air in china india germany and europe everywhere. really spend four thousand five hundred euros for his electric motor the batteries were customized for his needs how many kilometers can he actually drive per day how fast can he drive. and i. know in this city he has a car that costs sixty thousand or ninety thousand euros and can go faster than one hundred fifty kilometers per hour. in a city we can drive faster than twenty or thirty kilometers per hour.
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built the motor himself replacing combustion engines with batteries that's what the fifty eight year old does all day in his workshop sustainability means that you don't always have to get a new car. it's a big advantage that we have when we use it's already been built transform it into something which can still be used but without a negative effect. most of the population can't afford to buy a new electric car but since it's mostly those residents who are causing the air pollution it might be the smartest idea for the government to subsidize the modifications only three thousand euros for an electric car. distance performance charging the batteries from home pos can customize it all. is that. people always wait for someone else to find the solution. but it doesn't have to be
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that way you think it will be done by people like you and me. we can see ourselves as part of the solution and then solve the problem. of. bigger faster and father but why hector always is serious when he says he's thinking about his children's future retrofitting cars his affection to an economical why wait any longer. they were talking about electric cars in the eighties we've been waiting for decades and then the car industry only offers really expensive ones i don't want to wait any longer i don't i'd rather have one built for me. well in case that car is too little for you hybrid plans are now in the project of lamborghini that wants to build super cars in the near future the italian luxury car manufacturer says the first off the line will be its new sports utility vehicle the number genies chief executive bills it asked the world's
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first super as u.v. the hybrid will reach a breathtaking top speed of three hundred five kilometers an hour. announcement comes as governments are trying to reduce carbon emissions and carmakers rushed to add electric vehicles to their product lines. now as cannabis becomes a legalized drug in many countries some people are hoping to make big bucks out of it and expectations are well high the niche market is now worth an estimated eight billion euros and it will probably only go up coffee and marijuana those are the ingredients in this snack it's a picker upper with a different kind of punch. in the past intoxicating space cakes are something enjoyed in secret today you can buy them openly like from this chocolate maker.
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but some customers are still getting used to the new normal. cannabis is still one of those taboos. and you know having that conversation my mom who is not only asian but also very catholic and grew up in a generation where cannabis was considered just as bad as you know any other drug she actually was really open to the idea and she actually the product on a regular basis. an elderly catholic lady may learn to accept the idea of hash chocolates but perhaps not some of the other goods on offer here the store owner proudly displays his wares in just a few months he's managed to raise ten million dollars in venture capital a windfall he says that will help as the marijuana market expands worldwide. this fall likely be the only time in my life that i see such a large scale market move from the black market into the legal market consumers are
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already consuming canvas there's this incredible moment where all around the world the cannabis revolution will happen within the next ten years. many in the u.s. want to see marijuana legalized fifty four percent of americans said they supported legalization and the smoking of it in public spaces and they're doing their part to pave the way for the popular recreational drug to become big business. that was you know thanks for watching.
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the top stories followed across social media share your comments and content welcome to. their black living in germany. she is reminded what that means on a daily basis presenter like this not being a good tool. and all this. taking a holiday group and being you know different than the way. she travelled across germany to meet other black people and to hear their stories. it seems as.
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i grew up in a white family in a white neighborhood it was definitely a challenge. she decided to put me up for adoption. out of. the main thing was to keep your head down and your mouth shut of course of the phrase like this i could never completely disappear if you see all these stereotypes about africa it's good to see you. do something for your country but you're still the black guy. afro germany starting december tenth to w.

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