no goodbye no story. with exclusive. must see concerning parts closer to your. place to be curious minds. do it yourself networkers. so subscribing don't miss out. on w opens its 1st plant in mexico but the timing couldn't be worse it could find itself caught in the middle of a u.s. mexico trade battle. and more car news chrysler pulls the brakes on alert with renault ending a deal about could have reshaped the global auto industry. also donald trump threatens china with even more tariffs beijing says oh fight to the end.

this is the the way of business i'm 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 and 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 a 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 see. that before our production is flexible but this point in time who would not see any reason to change our current trends 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 to the region as things develop the entire region stands to profit from the investment . when the entire automotive supply industry moves in here will all stand to gain in san luis potosi we have an export volume of $15000000000.00 a year and we wanted to increase by one and a half to $2000000000.00 a year with b.m.w.

that agreement that it once and for 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 10 cents 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 sign the 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 is the pay they don't know when they're going to have 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 yet chrysler wanted to build one of the world's biggest car makers by merging with france's renault but fear it 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 feet crys 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 he cries it was also hoping to profit from leno's 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 cars last year followed by toyota with 10500000 autos emerged cries

and red 0 would have come in 3rd place with 8700000 cars without a merger crys there is an 8th place with 4800000 cars and red i 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 renato interfered in the process the cries are said to monsoon paris including guarantees that already know plants and 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 he a chrysler do just that when companies 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 fewer chrysler called the merger talks i'm all for if you look at renault it's a pretty complicated construct miss on the french government are involved in there also had been some reports that the french governments 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 u.s. predator perspective what will happen to a fear of chrysler now it is a rather complicated environment and on one side sailed some in the u.s. are a stick canadian 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 the 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 had not always been a success story just think back what happened to the merger off a diamond and crys there are so who knows maybe all those car makers sort of better off alone then together against carter they're 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. for ever donald trump makes an appearance there's always one key question what is the likely outcome of this trade wars especially with china on thursday the president threatens to more than double u.s. import tariffs on chinese products. our talks with china 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 too long in coming. from 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 drugs it 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 jens that local economy is closely tied to the plant and its workers meaning it will 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 residents the permanent employees know from other people so the whole way i think i think the whole economy which understands that and all that this is with a lot of independent businesses in this town are who rely on their own see it would

have to swerve into the trees the birds the pounds 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. but james it is not going to make them sound and quite bad for the key is that there is such there is a back up again and this is not the 272 despite the possibility of a no deal bricks looming on the horizon ford is blaming the plants closure on changes in customer demand and cost concerns. the international 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

in the i.m.f. also said u.s. growth would slow again to just 2 percent and 2020. 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 make 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 from the end. there's a theme in berlin thank you very much for watching.

plug. their super sharp. cards themselves away. secrets. the fingerlings corn soup her. definitely around $20000000.00 more or less. how do germany's wealthiest people live why do they keep such a low profile to have a snoop around to catch a glimpse. of a low budget hawk

a little more of the disc of the super bowl which starts june 10th w n. describe as simple as it seeks. to understand the world. we need to take a closer. knowledge . of a client t.w. . look closely. illicit carefully. don't listen to this to decode. the. lead discover the world.

play. subscribe to documentary on youtube. hello welcome to the world of art sun culture british singer died i was back with a new album and is going on tour again for the 1st time in 15 years also coming up a new documentary about a boat that rescues refugees in the mediterranean against the all star. and a photographer who visits museums to match up visitors with the pictures. is what dreams are made of 20 years ago dido releases her 1st album which sells

a few 1000 copies then rapper eminem his song thank you. eminem sampled it and used it as an intentional part of his huge worldwide hit staff naturally that changed dido's life 20 years after it was released 1st album remains the most successful debut ever by a british woman it sold over 20000000 copies. now after a long break to bring up a family died is back with a brand new album and touring again. a little miss you know. back in time after a break up that's the theme of give you up the 1st single from dido is new on.