shakes things up in its management of this scandal ridden company considers a new c.e.o. to leave diesel gate behind. also on the show is donald trump tariff strategy working for u.s. presidents protectionist threads have his chinese counterpart making all sorts of promises. and they call it a king's city and it's supposed to become the future of urban living in saudi arabia but it will two million people want to live there. and some for business on the w m how you don't get us welcome to the program for exploring wants to begin a new chapter in its corporate history and it plans on doing it without c.e.o. . according to reports d.c. will take over the top job at germany's biggest carmaker he's been in the company for years and is currently in charge of the fox martin brand this could just be the beginning of a more comprehensive restructuring of the company's management it's the most

important job in the german car industry as miller took over the helm of fox dog back in twenty fifteen his mission driving the company as if the diesel got a crisis and by some measures at least he succeeded last year v.w. sold more cars than ever before this is the kind who slips first in considering the journey so far which has felt like a roller coaster at times it's not a given that we can say today fox wagner the company is in very good shape. is. for. miller has been praised for managing to communication fecht of lee with both trade unions and politicians and for restructuring the company but it's up to the man who could succeed him to announce the most dear cost reductions hit. brown chief is not a favorite with the unions bussy appears to be popular with the board of directors will meet on friday potentially to decide on a replacement for. now d.w.

business editor stephen beardsley has been following the developments at fox live for us and is here joining me in the studio good to see you again stephen now so far the diesel gate scandal hasn't actually led to any major changes at fox a top executive members so do you think this is different now is this finally a reaction to the deal gate scandal most likely not keep in mind that miller was brought in to guide volkswagen through the aftermath of the diesel revelations so what makes this fascinating is that there really have been no twists or turns lately no scandals no new scandals that would suggest that this was coming so we don't know of course the internal politics of the company what's going on in the board room for example and we have heard that there are other moves on the way but if we take a look at the bigger picture here keep in mind that for more than two years now has more than two years ago we should say miller was tapped from his job as head of porsche where he was quite happy to leave volkswagen the world's largest car maker

at its most difficult moment so he had to deal with a lot of difficult issues including he had to see his colleagues and former board members be his colleagues be arrested prosecuted he had to watch as volkswagen. had to help guide volkswagen as it settled with consumers in the u.s. it's worth mentioning that in europe they have made no settlements with car owners there and that's a big issue and of course he's been with folks who are going to as diesel has become a synonym for dirty and not clean meanwhile he's also had to oversee continued efforts to electrifying volkswagens models and to expanding its position in china so these are major task for someone for anyone and especially with someone who might not even be happy to be in that position. now however did say when the scandal came out that they wanted a change in their corporate culture and we know that there is a potentially new named habit d.s.

who is in the company does he represent that kind of corporate culture change so as the piece that we just saw d.c. of course has a reputation as a cost car and that means that the unions probably aren't going to like him that much is he a change in culture for volkswagen probably not look at his age for example he's roughly the same age as miller look at where they both come from they both have long histories in the german auto industry and of course decent arrived to volkswagen two months before the diesel scandal broke so he's really no cleaner you could say in this affair than mueller was so if they were really going for an outsider someone who wasn't touched by the diesel affair then it wouldn't be him and furthermore he's going to deal with the same issues that miller was dealing with in terms of increasing a lot for cation of the models and improving the access to china for example and it's going to be a very difficult task we'll see this friday if he actually becomes the new c.e.o. thank you very much stephen beardsley for the analysis from arguably business desk

. but we stay on the subject because we want to analyze the other side of the atlantic at least with our financial correspondent at the new york stock exchange yes we know that has had a rough time in the u.s. how is it looking right now and what challenges could be on the way for the new boss. spin recovered quite a bit in the past couple of months after the diesel scandal here in the united states if you look at the months of march for example if it was able to increase sales here in the united states by almost eighteen percent and was that they did much better than their competitors here on the u.s. markets are looking ahead to tries to achieve a market share of roughly five percent in the next couple of years here in the united states but that's not going to be easy to achieve the goal if you look at the u.s. car market and. only has

a market share of roughly two percent here in the united states so they're not such a big player over here and the last time that we had a market share of around five percent here in the u.s. was actually in the early seventy's so it's not going to be easy to achieve this goal it would certainly take a lot of time thank you very much and caught in new york for the analysis. from cars to planes now american aircraft maker boeing had a very good first quarter and delivered one hundred eighty four aircraft in the three month period that's a nine percent uptick from last year boeing has pointed to greater demand for its seven thirty seven short to medium haul aircraft which made up the majority of the sales european rival airbus delivered forty five aircraft in the same period one for every four points engine issues have slowed down the deliveries. and the trade dispute between china and the u.s. has kept global markets on edge but now china is calling everyone down chinese president xi jinping vowed to open the economy and actually cut tariffs this

tuesday but few think he'll turn words into action. cars are a major sticking point in the trade conflict between the world's two biggest economies the u.s. pays a twenty five percent tariff on cars it brings to china while china only pays two point five percent in judy's on cars it exports to the u.s. that's not the complete picture the u.s. sells six times more cars in china than the other way around but appeasing washington was the thrust of chinese president xi jinping speech to an audience of international business leaders at the forum of young. she charge we will lower the import tariffs for cars. john b. at the same time we will lower the import tariffs of some other products the only legal there are cards to respect the people's demands for special superior product imports. she also pledged improved access to the financial sector

and stronger intellectual property rights although the u.s. was not specifically mentioned she speech seemed aimed at addressing the sources of the trade conflict his words were welcomed by markets the world over but china has made similar commitments before with little implementation this time around however the stakes are higher insufficient action could pave the way for further escalation . today all you see is sand tomorrow saudi arabia once it's desert to become the city of the future i'm in trouble as of two million people built in just fifteen years and it will be privately financed making it the biggest project of its kind. welcome to the future this is king abdullah economic city perhaps not the catchiest name for what's being billed as the future of urban living in saudi arabia located on the coast of the red sea planners in vision some two million people living here

one day so far there are only six and a half thousand residents the apartment blocks are separated according to the income levels of future inhabitants it's an area. that feels like a ghost town. this one is designed for the rich but even here over half of the apartment blocks remain empty. a seaview for the wealthy with the swimming pool out back among those living here already is the project's corporate communications manager it's the fact that mike and my daughters can go out and walk the dog along the promenade there's no cars there's no traffic because it's all pedestrian ised it's easy for me to get around the city it's very convenient but it is a new city i don't have a shopping mall on the on the on the doorstep. inside two hundred fifty square metres of luxury three bedrooms about kony and the terrorists for eight hundred thousand euros the target markets young ambitious executives from saudi arabia and

beyond but the success of the city will depend on the rise and fall of the companies it attracts finds that mars tama and total have already arrived for now they've limited themselves to small scale production for the saudi market but there's plenty of room for growth city planners are especially proud of the harbor it's already the second largest in the country like the rest of the city it was built by a private investor so and demonstrates the maximum participation of the private sector this is purely private sector economy and it is none or all dependent and it is proving the quality of life but this may not be everybody's idea of a good quality of life project managers have organized jazz concerts in an attempt to inject life into the city a few hundred people turned up but that can't disguise the fact that king abdullah economic city is missing something perhaps

a soul. that one can only come with time thanks for watching you start to care about. such claim cut. cut cut cut cut cut cut cut cut cut cut cut cut cut. cut cut cut cut. cut.

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