birth. home. is of species. a home worth saving. given those are big changes and most start with small steps but little indias tell stories of create interest people and innovative projects around the world. news that can turn the goodness to strange submissions and resource to action. interactive content teaching good next generation of doesn't want to cut

should. use inflated channels available to inspire people to tend to the show and more determined to do something here for the next generation gloomily as the environment series of global 3000 on d w and online. b.m.w. opens its 1st plant in mexico but the timing couldn't be worse it can find itself caught in the middle of a us next to go trade fat. and in more car news fear chrysler pulls the brakes on a virgin or with renault ending a deal that could have reshaped the global auto industry. also donald trump a threatens china with even more tariffs beijing says oh fight c.b.s. . fizzes v.w.

business i'm going on in berlin welcome b.m.w. has opened its 1st factory in mexico a 1000000000 dollar project meant to produce up to 175000 vehicles on really but thursday's inauguration of the son luis puts the plant couldn't have come at a worse time washington's threat of tariffs on banks can export still hangs in the air but b.m.w. says its full speed ahead for its expansion plans in the country. b.m.w. has embraced his plans to turn out 175000 cars annually from its new mexican plant beginning in 2020 at least that was the intention before us president donald trump threatened mexico with punitive tariffs despite the celebrations his threat loomed over the sun luis potosi factories inauguration the terrorist would hit mexico's automobile sector worst of all there are fears they could lead to a sharp decline in car sales last year b.m.w.

was able to increase its sales by 18 percent but this year the german car maker expects sales growth to come in at a more modest 5 percent so we will keep our plans and we will see how far. this is that before our production is flexible but at this point in time who would not see any reason to change our current plans the new facility will be b.m.w.'s most modern and most flexible it will make the 7th generation of the 3 series it will create 2 and a half 1000 jobs here and hundreds of other companies are expected to be drawn into the region as things develop the entire region stands to profit from the investment . well you got a thing too when the entire automotive supply industry moves in here will all stand to gain in cent always put to sea we have an export volume of $15000000000.00 a year and we want to increase by one and a half to $2000000000.00 a year with b.m.w.

that are going to. see those many young as it already is wages in the region are generally lower than those paid by nissan invokes wagon business information network bloomberg says the starting rate for an assembly line worker here is a dollar and $0.10 an hour that's roughly what other mexican manufacturers pay but it's also only 110th of what their colleagues in the united states earn the wage rates were agreed with workers unions as long ago as 2014. when you signed a collective bargaining agreement which mainly serves employers interests with little attention paid to workers needs these are the rates you get and when production gets going they have no chance of demanding anything more than those that are within is the needle in a window so that if those kind of agreements are illegal in countries like germany and the us in mexico they've meant that working conditions and wages remain at low levels. it's off before they could even get their engine started italian american

group for yet chrysler wanted to build one of the world's biggest car makers by merging with france's were no but feared abruptly pulled out blaming the french government for the talks collapsing it was meant to be a match made in heaven with multiple synergies together fi it cries there and run a would shake up the world car market both firms are set to benefit hugely from the landmark deal now it's dead in the water run as most successful markets are in europe and emerging markets but it hasn't sold in the world's 2nd biggest market the u.s. for decades that's where few cries their strengths lie. if you crys it was also hoping to profit from meadows expertise in developing autonomous and electric vehicles the newly merged entity would have been well positioned to compete with the world's biggest players. the world number one votes like and sold over $10800000.00 cars last year followed by toyota with template $5000000.00 autos emerge fear cries and rent would have come in 3rd place with 8700000 cars

without a merger crys or as an 8th place with $4800000.00 cars and rent it was in 9th place . chrysler's decision to withdraw its proposal came as a surprise the rental board said it needed more time to consult on the merger but feed chrysler feels the french government which owns 50 percent of red no interfered in the process cries are said to monsoon powerless including guarantees that already jobs in france would be preserved led to the deals collapse. joining us now is our financial correspondent on wall street yes quite the high end now if guaranteeing jobs in france would have helped the deal move forward why didn't fear chrysler do just that when companies to merge usually they're looking for a synergies to meaning cost cuts and that often does go along with job cuts but

that might not be the only reason why fear chrysler called the merger talks i'm all for it if you look at 3 no it's a pretty complicated construct this on the french government are involved in there also had been some reports that the french government for instance to vote on all flip flopped on some of the issues so those also might have been some reasons why this merger is not happening at this point ok so streamlining being key but what's been the response of the called off merger talks where you are. well the big question is from the us pretty perspective what will happen to chrysler now it is a rather complicated environment on one side sailed some in the us are stagnating and on the other side costs are increasing because of investments into immobility or. for driverless vehicles so we will wait and see if either of chrysler might be

looking for a new partner to expand globally overall the stock of chrysler has been under quite some pressure for a while since early 22018 the stock almost got caught in the hof but then on the other side if you look at trends atlantica mergers in the u.s. go or in the car industry overall this has not always been a success story just think back what happened to the merger off a diner and cries there are so who knows maybe all those sort of better off alone than together. carter there on a major merger that didn't happen thank you very much. u.s. president donald trump has said that he'll decide after the g 20 summit whether to slap tariffs on another $300000000000.00 worth of chinese goods that's later this month it sets the stage for

a showdown with chinese leader xi jinping when it takes place china has signaled readiness to fight wherever donald trump makes an appearance there's always one key question what is the likely outcome of his trade wars especially with china on thursday the president threatens to more than double u.s. import tariffs on chinese products. our talks with john are a lot of interesting things to have but they were quite happy in the meantime we're getting 25 percent or $250000000000.00 that i could go up another at least 3 $100000000000.00 and i'll do that at the right. but i think john i want to make you feel badly the chinese response wasn't long in coming. to the united states continues to willfully escalate tensions we will fight to the end for me though the. beijing says it's commerce ministry is poised to take retaliatory measures if the united states decides to escalate the conflict tensions between the

world's 2 largest economies have mounted since the last round of trade negotiations collapsed at the beginning of may and neither of the 2 appears willing to result the conflict quickly. ford says it's not about the few seem to believe it the car manufacturer is closing its massive engine plant and bridges and wales next year 1700 jobs are to be affected but it's not just employees who are worried or jenns that local economy is closely tied to the plant and its workers meaning ill take a hit to. fear not it kingdoms exit from the european union is set to have a major impact on britain's economy in the southern welsh town of bridge and halfway between cardiff and swanzy the effects of bricks that have begun to impact the residence the parliament employees know from all the people so the whole week i think i think the whole economy which understands. this is with a lot of independent businesses in this tonight who rely on their own see you are

the owner of. the trees the birds the drones the plant opened its doors in 1980 and has provided more than $3000000000.00 to the welsh economy over the last decade a contribution that locals and the welsh government are sure to miss. with james it is not in the tone it. down the pike badly he has got a responsibility back up again and this is in the 272 despite the possibility of a no deal bracks looming on the horizon ford is blaming the plant's closure on changes in customer demand and cost concerns. fans are national monetary fund has upped its u.s. growth forecast for the current year to 2.6 percent up from the previous estimate of 2.3 percent is the financial market conditions provided the boost but i.m.f. managing director christine lagarde warned again of growing risks to the global economy like the us china trade dispute rising debt levels and worsening inequality

the i.m.f. also said u.s. growth would slow again to just 2 percent and 2026 year. the european central bank has taken surprise action to bolster the 19 nation euro zone e.c.v. chief barrio druggy says the bank will extend the earliest date for an interest rate increase from the end of the year to half way through next year bench made good benchmark rates are at record lows the e.c.b. follows other central banks and responding to fears about trade tension and going to 90. and that's it for me and. business team in berlin thank you very much for watching.

enjoy the conflicts on the funding the powerful. my guests as we've been speaking 7 to 10 feet. from me mind you a few such good suspects nothing and mostly mrs maynard's he speaks with the conservative party's ratings currently plummeting through the floor of the coffee even desire to survive conflicts the 1st in 60 minutes. the 1st.

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