plus wine from china isn't gobi desert you see ben behind me he'll have those stories for you coming right up on business. of blessing. and a curse. the force of nature and in this scandal free. monsoons the tropical job force chief among whom you. hear the song the song come to live. for sinners of light. colors of enormous destruction.

monsoon starting may twenty third one. look. at the. new c.e.o. who says sustainable economic success is only possible with a healthy company culture a breath of fresh air have at least tries blowing away the clouds of the comic is a mission scandal insisting b.w. become more ethical. the high price of a the canadian shareholders tesla basilan must panelists calling their questions not cool guess how much it costs the u.s. comedy. and these chinese. making desert winds there producing

a desert wind is it possible to create a world class been teaching the gobi desert. and been physical and let's do business more honest more open more truthful more ethical you wouldn't think you'd have to tell your stuff that these are all key to a healthy company culture but it's the plea by v.w. boss habit deets at his first general assembly meeting the automaker is obviously still trying to clear the air of the fumes from the emissions cheating scandal. cleaning up is volkswagens main task right now at the company's a.g.m. in berlin it was clear the emissions scandal has no place in future now the comic is all about looking forward and who better to do that the new c.e.o. have at d.c. disses been on the v.w. board for three years but it's not tarnished him and thursday's meeting helped him off to a promising start business is good diesel great no no diesel gate was

a remark our brands have developed well across the board even the key volkswagen brand has made clear steps towards greater profitability and sustainability we're heading the right way to ensure performance capacity in the future. and a half years ago no one would have believed we could have done that not even us first. few. sips. is the emissions scandal done and dusted then not as far as german diesel owners are concerned unlike us customers their demands are being ignored. we're still missing clear acknowledgment from v.w. that customers will be reimbursed they're still trying to deal with the situation with software updates that's not enough. as far as the latest sales figures are concerned it does appear to be enough even german customers seem to bend no

resentment apparently many have already forgiven a car maker that cheated them for so many years let's get the take on this from. frankfurt how do you change a company's culture especially a giant like. huge task it's almost impossible especially as all the surrounding environment is still the same the chairman of the supervisory board was the chief financial guy before the trade unions have a huge say there is political influence in the force for ph families but have a decent means business and that's probably the best way to do it mean business say you mean business and then implement sanctions when you see them he says that his together for integrity program a new program is supposed to ease whistleblowers actions and then that's to be without compromise sanctioned when there's something discovered ok that sounds good

but it sounds like he's taking on quite a lot has he has he bitten off more than he can chew. probably but it's worth a try and he doesn't have a choice involves wagon doesn't doesn't have a choice he has experience in the company yet he's relatively new but you're right he also has the commercial question ahead of him how to improve margins he has e-cards and self driving cars it's a huge task probably one of the most if not the most difficult in german industry at the moment you had a family but in frank. now here's a conference call that backfired big time electric comic a tesla continues to burn through more cash than its earning c.e.o. even musk has done little to ease investors fear is instead during a conference call he refused to answer analysts questions calling them so dry and so not cool tesla's share price plunged the company losing over two billion dollars

of market capitalization in just a phone call if so it shouldn't put a dent in sales there are over four hundred fifty thousand people on waiting lists for tesla. and they throw. in the work business school have you ever experienced anything like this before no i haven't but i don't think that it was actually just three the call that led to the drop of share price he was more that there is a persistent problem in the production site that you know quarter after quarter the news is that they don't meet the targets and that starting to worry analysts investors. what this company needs is they already have a big personality but they also need someone to make it more profitable musk has managed to achieve a lot but not profitability no he

has and then i'm not sure if it's sort of you know down to an individual it's more to do you need to create an entire system that makes much production of cars possible or it turns out to be much more difficult than anticipated and a possible way forward could be that they find a partner that they go to a tier one supplier these are the sort of global manufacturers who don't have their own brands but create car for established play as and work closely with one of the nice ones because they know how to do mass production but would not watered down the brand i mean i couldn't imagine musk wanting to pull in a partner to help him along i mean not the sort of guy who needs someone to hold his head. no that's true you know he's not a personality and he doesn't like the i don't see would be a problem is the brand as i said established common in fact careers have cars being produced by the supply a c b m w audi all of that for some of their cars produced by diesel supply is

rather than themselves but there's also a trick in the sense that you need to learn how to work with partners of that kind and debts again something that elon musk hasn't hasn't done in the end he would need to sort that out if he goes that way ok. in the work business school thank you very much for joining us. well 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 and 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 e-commerce giant alibaba launched on the new york stock exchange in twenty fourteen in the first quarter of this year show me sold twenty eight million smartphones worldwide eight point four percent of the market. now anyone who paid

attention in geography class the gobi desert is huge dry and freezing cold it's also considered the most fertile part of mongolia with china's community of wine lovers going by double digits every year why don't make wine there. 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 the vineyard which is artificially irrigated but even if 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 con and 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 vintner 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. if you really love wine 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 thing 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 as in 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 group that the fun of one day of premium brand of chinese wines will be produced here so for small wine growers are the only ones to have really found success here one fun produces eighty thousand bottles a year she's introduced to reasoning who have a great from germany she often gets visits from abroad or 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 and other countries that have a history of wine growing people but i think it'll settle it certainly high quality . they're hoping that one day they go be desert it will be familiar to wine lovers the world over. if you like long funk there. drinking she should put on the same be the nice doing business with it.

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sherman. why not live. in simple online on your own wild and free. to suffer. w z learning course. maybe easy. welcome back to your the bavarians have two reasons to celebrate this year let's find out why and today so. to.