the afterwords. it's the end of an era di miller is long time c.e.o. deeded sacha steps aside so what kind of car company does he leave behind to take a look. also on the show the u.s. bicycle industry braces for more chinese tariffs and calls on the president to hit the brakes. and hungary's wrong workers from around europe with higher wages but is that enough to meet demand. welcome to the business of souvenirs in berlin thanks for joining us. he's known for his mustache is easy going to minor and for his role in a series of popular t.v. ads now dialer c.e.o. do you need such or is handing over control of the german luxury car bread 1st he had one last appearance at the company shareholder meeting take

a look. he's the man with the risk the stock just 10000 years detection dictated the fate of global com a could time a nearly became a brand himself in the process for many shareholders it's a fond farewell really good it's a shame i liked him a lot he was always good you could talk with a he was excellent. it was 2006 when timeless 1st turned to needing a new start in person and to the failed merger with american car maker chrysler. the compact back on track. and became dr said to the american market even a pairing in t.v. ads. this type languages especially is only one example that smalling for better performance at handling cool it was under such as leadership that was sadie's over to county m.p. m w to become the world's largest luxury car maker but it was also one to his watch

that time low recalls hundreds of thousands of diesel cars 2 to emissions manipulation and it's unclear if section will go down in time in history as a star more saturn is not his last few years as c.e.o. when to start selling us the fast profit in shares fell dima was forced to cut costs in space on the impact we cannot and will not remain satisfied with the current level of profitability i can assure you the dimer team has even more motivation to work with full energy towards our annual targets but. there's still plenty to do in the area of electric my polity his successor. will have his work cut out for him he wants to make dynamo morton greener and digital. colonias has already announced he wants to be company in 20 is. so how respected was that across the auto industry well done there is fierce rival b.m.w. offered this humorous tribute on social media. as such

a double bids farewell to the company as well as his colleagues and then what does he do with his new found freedom well take a look he finally drives that b.m.w. hidden in his garage so as dialers response that the boss would rather ride a real horse into the sunset rather than horsepower from a competitor. clever social media departments they're so on the u.s. manufacturers and retailers are worried there is a trade dispute with china has already raised the price of products and components everything from rubber gaskets to clothing now with president donald trump threatening yet another round of tariffs on $300000000000.00 in imports more companies are bracing for impact or looking for a way out such as american bike retailers. it's no surprise there on average u.s. bike sellers get 90 percent of their imports from china. make gin cervantes small

fines to close shop in milwaukee he estimates the additional tariff will cost his company every 200000 dollars next year. i mean if we're a small company of 12 people and we're considering scaling back i can imagine companies with thousands of people i mean they're having the same conversations and it's significant other businesses have already stocked up on additional merchandise in anticipation of the increased tariffs. when that stock runs low we'll have to see where prices are at so that me may make a difference as far as what models we continue with or decide to change some bigger change to taking more decisive action back in february in response to trump's initial set of targets u.s. bike maker can't deny it was moving production at sight of china citing $20000000.00 in increased annual costs as the reason but it didn't move those jobs to america instead its bikes and not being made in cambodia. and let's bring in our

financial correspondent in new york jose luis to haro so jose where does this proposed new round of tariffs currently stand. well according to a stephen when you see in the u.s. secretary of treasury they can happen in about $30.00 to $45.00 days and stephen that when it comes to imposing new charges there is a whole process that needs to happen before the administration can do so 1st that the u.s. trade representative all visa needs to publish the list of products that will be affected by those targets something that happened already early last week next the step is a public hearing where companies and organizations will expose their opinions on. these public hearing is initially is scheduled for june 17th and will include over $3800.00 products. be subject to charges of up to 25 percent 7 days later after d.s. happens final reviewed all call means that will do you and given the green light to

go ahead with that it's worth noting that dog that the current ground has a much shorter public comment period than previous previous ones stephen. so we know that some companies are asking for exemptions from these tariffs are they getting them briefly if you can. it is it not easy to to have total estimates of stephen if we take a look to data from the u.s. trade representative all these we can say that by the end of last year to trumpet granted nearly $1000.00 exemptions to chinese goods that said those exceptions are generally valid for for one year and the usa government also updates the least it keeps the screening different requests so the us secretary of treasury said on wednesday that has a taco ready to wal-mart on all the top retailers about the possibility of exceptions if the next round of duties gets finally implemented was

a louise doro there for us in new york thank you staying in the u.s. the shares in qualcomm fell sharply after u.s. federal judge ruled that the chip maker suppress competition in the market for smartphone chips the district judge in california said qualcomm did so by threatening to cut off supplies and demanding excessive licensing fees the decision could force the company to renegotiate fees charged the phone makers like apple the company said it would appeal the ruling. british steel has fallen into insolvency after emergency talks broke down $5000.00 jobs are at risk and an additional $20000.00 positions spread across the company supply chain may also be affected so is british steel a casualty of bragg's it or of the overall difficulties facing western still suppliers. is this the end for british steel. as orders plummet and the government rules out alone the outlook certainly appears to be bleak. outside the company's

men steel works in the city of scunthorpe workers reacted with dismay to the news. the family's. well known if you don't get paid for. should dish out in really good working with the best and still don't know what often. british owners grable capital wanted the u.k. government to give them a $95000000.00 bailout u.k. prime minister to resign me said that any rescue loan from the government would break e.u. rules and stated last ditch efforts to find a buyer are taking place. and it is clear that it would be unlawful to provide a guarantee or loan on the terms requested by the company we will be working with the company and others and the official receiver in the days and weeks ahead to ensure that we can pursue every step to secure the future of the operations the company says oversee orders have dropped steeply ju-ju uncertainty over brags that

the u.k. steel industry has been in decline for decades but the latest news may well be the death knell. europeans are heading to the polls this week and we're taking a look at the economic health of member states right now hungary its economy grew by a robust 5 percent last year but hunger is suffering from a massive skills shortage so companies are looking for help everywhere including abroad in serbia daniel kuzma will be earning just $250.00 euros a month that's why he decided to come to hungry companies here at desperate for work because like him which meant he could choose who to work for. he opted for car parts supply of b.o.'s and now fits rich components for audi. something that i'm sure i could easily find another job if i wanted and there's a lot of work in hungary not only here but across the e.u. as well as the. country's labor shortage is

a problem across all sexes b.o.'s feels particularly acutely that product construction is complicated and that dependent on workers from abroad to fill the skills gap that's no longer a cheap option either. we had to increase wages by 30 percent and 2017 and by double figures this year if you don't match your wages with the competition you'll soon find yourself without any workers and. the company employs more than 2000 people in hungary around $400.00 of them a temporary workers from hungary and abroad despite the generous pay rises only around a 3rd of workers actually stay with the companies guerin's in particular say wages are too low many of them would like to head to austria but when saying so on camera daniel kuzma now owns around $700.00 carries a month his plan is to stay put and he hopes he'll be able to move up within the company. and that's it for me and the business of

course learn more about these and other business stories on our website www dot com slash business can also find us on facebook and twitter the last look at the markets i'm stephen birds of the lead as always thanks for joining us.

it was a little self up i don't know it's not easy to go to another country you know nothing about the wife of i don't do this because we can't stay on venezuela i'm not disappointed that you closely global news that matters d.w. made for mines what do you think what do you get for $0.50. for fish that you. know a lot of visitors did not get rich today just curious stinking coffee almost all the lobster did you know it cost $0.50 to feed one hungry child for one full day. it would be one day.

david. the 1st had all. the shared a meal sharing the children with just $0.50 and a tap on your smartphone smartphone users outnumbered sure but would. imagine the impact you and your friends could have together weekend and global hunger please download the app. live in. germany for us off to the end of the 2nd world war balanced between devastation and new beginnings and of course facing some dramatic changes and. good value being added. to the issues on. good

and bad.