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tv   Business - News  Deutsche Welle  February 27, 2018 6:15pm-6:31pm CET

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so the city's condom heavily polluting the diesel lucking vehicles. business want to control it will take a look at the likely impact of the ruling in germany how whole car industry i'm. going to go along in just a moment i'll talk with you at the top of the hour and of course there's always some of the website that steve w. dot com good to. learn german with. any time any place.
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with or with jo jo and her friends. colleagues is going to be able to do not believe let me see if it's easier for joe look older or with friends all over the world. go online and interactive. german to go. and learn german for free w. . going to. a lot of rules that a german cities can now ban the diesel engines for the downtown area that had a bid to bring down excessive levels of pollution the ruining a could have huge consequences for germany's also industry which has been pushing diesel engines for years also coming up at j.f.k. . like them that fidel castro smoked them now
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a chinese official now those cherished them cuban cigars back in business. welcome to d.w. business i want to get jones in berlin good to have you with us and we are starting with the biggest news of the day banning diesel cars from in the cities is legal that's the verdict handed down today by germany's top administrative court a move that activists say is long overdue the ruling comes amid attempts to cut down on pollution levels dozens of german cities have emission levels that exceed the limits and germany is under pressure to bring them into compliance with e.c. law diesel bans could prove problematic for german carmakers as market shares of diesel cars have grown rapidly in recent years up until almost fifty percent in twenty six to. today's court ruling here in germany and evening cities to ban diesel cars didn't go down well with investors cautious have taken
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a hit daniel cope is joining me now in frankfurt daniel how are shares fairing towards the end of the trading day. monica when the news was actually breaking car shares really went down some even at a level of about two percent now by the end of the trading day they have actually recovered diameter shares are actually slightly volkswagen shares down at the moment with about one percent walks like a company that has been producing a lot of diesel cars but when you put this into perspective this is not as much as some investors were actually expecting a buyer to we also have to remember how many billions of dollars and euros were already lost in the equity market because of all this these gains gandel now this was the investor reaction what about the reactions from the car industry. yeah very interesting we have not received any kind of statements so far from the
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big car makers here in germany i was also looking at their social media feed there is simply ignoring the topic at the moment trying to avoid to talk about it but yes we're getting lots of negative comments from the german industry as this month former traffic minister now number one a lobbyist of the auto industry is saying that it will be very important to have the same rules for all germany and that it's very important that also small businesses won't be too much affected by this because we have to remember that also lots of small businesses now maybe have to rethink i was reading a statement earlier from a german a bakery outside of stuttgart just last year they were buying five new diesel cars now they have to think you know what you do if they will have to invest lots of more money also negative comments from the also see asian of the german craft industry calling all of this a massive intervention of the ownership so besides the people who might be able to
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breeze from now on or from next year better air lots of people are also very war it and concerned all right a lot to digest there for in frankfurt thank you so much. and joining me now for more on the ramifications of this verdict form my colleagues and then to my loud joins me here in the studio and horse and automotive analyst who joins us in london good to have both of you here with us on this topic and i would like to start with jenelle just briefly what exactly did the court decide while the broad strokes of the verdict confirm the legality of driving bans to be in to be imposed by melissa pallet is in order for them to enforce their plans to fight air pollution now this could be a decision that affects up to seventy cities that in germany if applied widely but you know as you know the devil be in the details so i guess we'll see ok so this ruling leaves room for interpretation. how much bite does it have.
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well i think it will have quite a lot of bite because the environmental agencies and law groups will now start suing not the cities to challenge their emission levels so the industry together will have to come up with a solution where these are retrofits costs or extend buyback programs for really polluting cars needs to be seen it's going to pay for it needs to be c. so it has a very wide consequence and also the question comes up with a more european cities fairy story brands as well ok we'll of course we have already some european cities who announced that they would introduce a decent bands but much much later in twenty twenty twenty twenty five of the years that i discussed that would give also the german car industry janelle perhaps enough time to to change their game plan right now this must be quite a blow well it is but at this stage they should have expected it i think the public discourse on air quality and human health has reached
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a particular turning point which they should have noticed and part of what they have to do now can be blamed on relative under reaction the past they could have really done more to avoid being in this position and as our inside they will probably have to respond to renewed calls support hardware fixes you know that they didn't want to do with us for the longest time because of the cost that that would entail anywhere would it be the solution because this is also a controversial solution that's been discussed it could be part of a range of solutions there is no there is no one size fits all solution for the scale of this problem so anything like very costly hardware fixes or a scrappage scheme that would allow a diesel owners to trade in older vehicles or probably also have to offer more models that bridge the gap from where we are now to mass electric vehicle adoption because we're just not there yet so maybe things like more hybrids ok so it leaves certainly room for development aid it demands that i know that you haven't been a fan of the diesel engine anyway do you think if this is now the the kiss of death
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for the technology which by the way here in germany is very very popular. well i can't say i'm not a fan of a diesel engine if you saw myself right and we need to be very clear that these are legends were what the european regulator want what the german regulator want to look at texas and want to every one of these rules and here we are and we designed it is a test cycle that is just far away from reality that's the fact now i'm not a big fan of the future of diesel because i just really believe diesels has become too expensive to manufacture there really i mean technology for european consumers they don't sell anywhere else in the world so it's becoming too expensive and the money's not being ok didn't to electrify poetry's into a hybrid miles of fuel hybrids plug in hybrids and evey's these are global technologies and i think it's a good development that we're moving in that direction ok then i have one more question for both of you a short answer if you would so you say i'm thinking of driving
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a diesel yourself if you will here in germany there are a lot of confused confused diesel drivers out there what's the court ruling mean for them what it means for them if they have a euro five diesel they will probably be offered a hans where fakes if they want to drive into cities if they drive an older diesel they will probably have to look to replace their car in the coming years if they are your sixty's will find the right channel while i would say it would mean a future of restricted use and dropping resale values i'm surprised not more of them are more angry sure and certainly keep your eyes on the news on the developments there as i have them aloud from a business end in haast from london thank you so much both to you. now sometimes as a guys only a cigar but for cuba it's also a key export to say it's are on the up despite new u.s. sanctions placed on the island but the u.s. isn't the only customer of course cuban cigars are high in demand and many parts of
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the world and most recently also especially in china. an icon of cuba know not fidel castro his cigar something the communist dictator having common with us president john f. kennedy who ordered twelve hundred cuban studies before blockading the island during the cold war ties aren't quite so bad nowadays but the economic boycott is still in place so cuba has to look elsewhere for exports that's good news for aficionados in countries like canada for them anything but a cuban is close but no cigar as far as the passion. it's really crafted in cuba which is different from any place. the place to be is heaven as annual cigar festival which draws visitors from fifty countries to place orders and sample latest offerings and more and more of those sales are headed for china. the government sells its a car through a panos it's a joint venture with britain's imperial tobacco and this year it hit
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a milestone. in terms of worldwide sales by no scruple reached the historic figure of five hundred million dollars for the first time with twelve percent growth compared to twenty sixteen at a constant exchange rate it's a spectacular result. so cuba's cigar sales are on a roll even if its neighbor to the north isn't buying. and a surprise move u.s. cable giant comcast has thrown down the gauntlet to tycoon rupert murdoch it says it's outbidding him offering more than twenty five billion euros to buy european pay t.v. group sky cat already agreed to buy the sixty one percent of sky he doesn't already own and british regulators fia's his company twenty first century fox could become too powerful comcast says fox would be a perfect fit and it's now reportedly team top with disney which has its eye on
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some fox assets this capsule need two months off the disney said it aims to buy fox by itself. and more news from disney disney chief executive obit usually has announced a two billion euro investment to expand to the company's french new attractions and life and detainment experience. the expansion plan reportedly is one of the most ambitious development projects at disneyland paris since it opened in one thousand nine hundred two. to business update here on g.w. thanks for keeping this company.
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