lead into that match and we will of course bring you the results from both games as they come in. you're watching d.w. news still to come new volkswagen c.e.o. have a decent face is shareholders for the first time the company's annual meeting and for lent he's promising more openness. plus wine from china's gobi desert those stories and more coming up with dad in this. w.'s program guide on the internet the highlights. the whole. dot com highlights. a blessing. and a curse. force of nature and in this scheme.

monsoon. the tropical jungle first that she's going to need. there's a song on this of continental. the source of life. and tons of destruction. long soon starting may twenty third one gene w. . burns bridges to the past few w.'s new c.e.o. but ds faces angry shareholders announcing sweeping changes in the comic as colbert structure you also want a true culture change towards a more open and honest fault. and this turns lowballs the long mosque losing it also announcing

a billion dollars in first quarter losses their units shareholders by. their questions not cool. and their winemakers sense are to produce a world class vintage in china's gobi desert. this is e w business live from berlin and offers you a v.w. boss have a d.s. has had his first face to face with shareholders at the comic annual meeting in berlin today despite first quarter revenues in the billions and record sales in january some stockholders seem to turn into their dissatisfaction many are still angry about the diesel emissions and subsequent damage to the company's image not to mention costs it's caused meanwhile folks bargain says it's committed to change in the next four years the world's biggest carmaker plans to invest thirty four billion euros in developing e-cards and on new mobility. mycology punishing bell

is at the venue where folks just held its annual meeting to ponder what does this take on diesel day then does he has one does he have one or was it one of those let's look to the future speeches. well of course it was her but de says opportunity to make a really good first impression to shareholders today and he some might say he actually succeeded at that of course because he used the word. diesel crisis to refer to that these are missiles scandal quite a few times a lot more times than i could count myself and that's something that he actually succeeded to doing and he called for people to have confidence in the management of the company that they would handle this crisis as he referred to it adequately by investing more in the end ovation and a lot of other things that he actually did talk about which will obviously. might get into today as well. what are his plans did do you see and did

shareholders see a coherent vision a clear and plan for the future. yes i mean he has very concrete plans and he is known to be a very decisive person and has done that before in his career at b.m.w. into doing a he talked about changing the structure of b.m.w. and dividing the company into seven different units and one of them would include some of these cars behind me which are some of the to use luxury cars and that would also be a unit on its own and then there's of course regular brands like skoda which would be in another unit and he talked about having someone you had all of those seven units he would be chief or she would be the chief operating officer and that's the person that does seven units would be reporting to you so that is actually a slimmer structure than the company had before and that's something he really talked about making things faster by slimming down the structure of the company. to

put those who believe that for us thank you very much. electro comic a tesla lost another one billion dollars during the first quarter of this year the company has have trouble reaching its. production target for its mass market model three still burning through more conscious than its earnings but despite that c.e.o. elon musk's did little to ease investors' fears instead during a conference call he refused to answer and list questions calling them so dry and not school meanwhile customers interest doesn't appear to be waning there are no more than four hundred fifty thousand people on waiting lists for tesla. now let's bring in our financial correspondent in frankfurt but really is tesla in danger of going out of business. i think if you ask that directly that is because as you said it's burning cash at record amounts and the bill just keeps adding up

but the stock still at a comparatively high level for such a small company which has never made a profit it's still worth about what ford is worth in the stock market and that shows how to say yes to investors are they reaction to these numbers for this quarter they are negative the stock is dropping but you know as long as there's still such a valuable stock if iran last contests like gets into any trouble financially they can always sell a few shares and raise a few billion so it's going to take a while but you know when i talk to people who observe the car industry as analysts say they shake their heads and say how does he do it how do investors have that much confidence in this company which obviously can't make money with the products it's producing you know most definitely not helping when saying that he's finding investors and analysts questions not cool and he's serious just this remark cost has now over two billion in market capitalization is

a must losing his grip on reality then how important is he as a person for tesla anyway. i think he's all important as a person he's like steve jobs at apple was people buy into his story and they believe him when he says that he can make a car that's at a reasonable price still for people who have a lot of money but at a lower price than previous cars that goes electrically and he says that is better than the competitions but you know what when he criticized when he cuts off analysts and says that's a childish that's a that's a stupid question that's sounds childish it's unprofessional and if he were a c.e.o. with a salary at another company he'd be out the door and a second with a remark like that that's damaging to business speaking about see you know as being the door how about german come a case of a kitchen up with a programs but if you can. i think they are catching up but technologically there are a one and presumably the german car makers are not losing as much on these vehicles

as tesla is perhaps or even making money but the customer demand is not there the germans have great plans for electrifying their fleets but so far because of the day to day operation problems where do you charge how long it takes what's the range people still prefer a conventionally engine to cars fully bonded function thank you. it's just eight years old but chinese company shalmi is already the world's fourth biggest smartphone producer and now it's planning its next milestone an initial public offering on the hong kong stock exchange this year according to reports the company hopes to raise ten billion dollars from the offering that would make this the biggest i.p.o. since chinese economist giant ali baba lost on the new york stock exchange in the first quarter of this year show me sold twenty eight million smartphones worldwide that's an eight point four percent share of the global market. now

china is well on the way to becoming the second biggest nation of wine drinkers in the world the community of wine lovers is growing by double digits every year so far there's been good news for wineries from the napa valley in the u.s. to bordeaux in france because chinese wines had a reputation as being undrinkable for a long time but a new generation of wine makers has set out to prove china can do anything even grow world class wine. a vineyard on the edge of the gobi desert in the spring time the great finds are cleared off after spending that cold dry winter covered in protective soil it takes several weeks to resurrect a vineyard which is artificially irrigated but no one funky isn't at all put off by the challenges. ok even though it's expensive and complicated we said let's do this

we want to be able to make our own high quality chinese wine. since setting up the canon winery in the new province seven years ago one fung has been granted a number of accolades she discovered her love of wine in germany where she lived for a decade the ventnor and her staff are always experimenting to get tastes just right she doesn't have a professional qualification but you don't necessarily need one to be able to identify the perfect flavor so what's her secret my wine palate. i love wine. drinking it is my hobby and you see. if you really love wine and you need to be able to rely on your palate need to be able to say no that's not right. something still missing. one funks father has a winery of his own right across the way one fang you was the first person to

cultivate grapes in the region that was fifteen years ago despite the less than ideal climate he was confident that the soil was suitable the retired agricultural engineer and a colleague thanks to the authorities to lease them a piece of land. back then they said nothing would come of this old folks wanting to grow wine here. but one thing you stuck to his guns and these days investing in wine has become fashionable even the regional government has and on the game it's invested some eight hundred million euros in the sector today authorities are inspecting a prospective wine growing site investing here means joining a state cooperative. for the fun of one day a premium brand of chinese wines will be produced here. so far small wine growers are the only ones to have really found success here one fund produces eighty thousand bottles a year she's introduced her reasoning to leave

a grape from germany she often gets visits from abroad her wines cost between twenty and one hundred fifty euros a bottle. it's a higher price than what you would pay for a similar quality in other countries that have a history of wine growing people but i think it'll settle and it's certainly high quality. they're hoping that one day they can go be deserts will be familiar to wine lovers the world over. looks very tempting that's it for me on the business team here and about lynn i'll have an update for you of course in the next hour in the meantime check out all twitter facebook sites for you go here's a real time check on global markets at this hour i suppose i've.

cut. cut. cut. cut. cut. cut cut cut cut. cut. what unites. what divides. the public and try to force. what binds the content to get. that answers and stories aplenty the. spotlight on people.

on c.w. . injury conflict zone should sleep on this new conflict zone it is indeed a sprawling new capital to meet joel shipley you who sits in the u. kian fall among four cameras governing feeders fall to. any prime minister because the whole bunch was reelected using rhetoric described as intimidating and signal for bed. in sixty minutes. he has called such presidents reds uptight about john ford and jimmy press. for celebration world press freedom day on t w.

talking from the white house. around this shaking about the top of your favorite team. making the clock counting to bring the next target in your column to the entire country champion st louis. sixty. one minds. alone a very warm welcome indeed to focus on europe with me peter craven and europe is booming people from around the world a flocking to the old co-incident which is good for the tourist industry but it's a huge challenge for especially popular destinations like one of my favorites that

. not least because of the monster cruise ships twelve stories high and thirty.