v w, which has been posting, lacked lots of profit margin seems to be in particular focus, according to local media. no job cuts are planned. in 3 fourths of more analysis. let's bring in christmas dollar professor strategic management at war a business school. welcome back to the program christian. apparently fox wagon wants to focus on the production process. um, what could an efficiency program look like there? well, no, i guess the will cut some of the activities that don't work quite too well focusing on the right areas. and making sure that it seems run most mostly in the factory. the driving factor to do this is dark. this is when they look across to toyota. that's where you know, you see that kind of march instead, the whole thing is 6.6 percent doesn't get isn't toyota or according to reports. faults vag wants to raise its profits by at least 3000000000 euros

a year. that would be an increase of more than 18 percent to last year. as total earnings can such a program deliver this increase in profit is it's running a business i would say, and maybe it's a slight the wrong question as well. it's a good headline, but really what the company needs to think about is how it will make moves into areas that are particularly critical for the future of the companies. one is the biggest market being china. you'll see clearly some created car trouble in engaging when you think about mike white, is it ok i can get you? is we still west and in china? that's a big question and how it is handled. the 2nd big question is obviously alex duplication . and the goal is to mobility solutions. on the one hand, we can argue that volkswagen has done comparatively well. but nonetheless, there is tests will still act is also b y d in china,

which is stronger than folks login today, at least in some regards. but if we look at china sales, they're fox, i can sales there are fell in the, in the 1st quarter. how do you see uh, fox, i can position there in its most important market. is still position. yeah. so we need to keep in mind that these, these are of often, most of the quote would still relevant in this particular market to the trouble with supply chain access to some of the components is a continuous issue. our font is already mentioned, it's competitors to start to become stronger in product key. again, i get electrification from the why d kristen? this efficiency program is supposed to work with out job costs. so that's according to management, which says, job costs would not be the focus. is that plausible? or i'm,

i find it hard to actually get an answer to this. uh, always, you know, duplication would be that productivity increases substantially. if the supply chain issues can be solved, that will boost this. yeah. as we know, a lot of the slow down on the production side was because components, but not available. it's just going to be safe sufficient. well, you know, as i said, i cannot predict 1st, installer of or i could business cool speaking there not to some of the other goals with business stories, making news, nintendo as announced that it's the legend of zelda tiers of kingdom game has sold over 10000000 copies and its 1st 3 days of release. analysts believe revenues for the action adventure game could be around $700000000.00. opening sales place it among the biggest paid for games ever to hit the market. montana has become the 1st us day to band tick tock. governor greg gen 4 k, signed a bill prohibiting app stores from offering the chinese video sharing app by next

year. he said the band with protect people from surveillance by china as communist party take talk. is expected to challenge the legislation legislation, conflicts, china is set to resume in ports almost right in timber after a lengthy, unofficial van, a sign of warm, he ties, official se, restrictions on his products such as temper, coal and lobster in china were part of a broader campaign of economic punishment deposed by visiting and 2020 over political differences. budget bank will pay $75000000.00 to settling law, sued by women who say they were abused by the lights finance. here jeffrey epstein and accused the german bank of facilitating the sex traffic ring, a dodge bank, customer from 2013 i've seen died in august 2019 in jail while waiting trial for sex traffic. a soaring prices have been a problem across the globe. but argentina seconds, in a world bank,

ranking of countries with the highest inflation, it had almost 109 percent last month. and this sort of environment, paying for every day needs, becomes a huge problem for people and running a business extra challenge. it may look like business as usual at this to factor in the bonus hours area, but it's not argentina's. rampant inflation is making everything more expensive and the situation has never been this bad and decades. says factory own a horton cup panel then. okay, so like what are the so from what i remember this is the worst moment for the footway industry. apart from the economic opening in the 19 ninety's as the worst time ever in terms of salary production, that is the worst time for everything was at the moment. origin. tina's pay so has fallen sharply against the dollar. the countries inflation rate was over 100

percent in april. i mean, the probably that is my suppliers. they billed me and pays us. the prices change daily. now this price list sometimes from import and suppliers that we get daily updates for that is twice a week from others for sure. rental fee. yep. it was always, it was the one that's it would despite the ever growing uncertainty and dwindling revenues, cpanel wants to carry on. he hopes the economy improves, so that he doesn't have to let any of his 40 employees go. a symbol, he's always the 4 that's already got the when. if you walk around the workshop, you'll see why we go on behind every work or here there's a family you feel useful, potentially making possible for they have to be a plate of food at each family's home. that movie, i guess i'm glad there's on the customized media

and why food prices rise. many retailers are stuck with the stock because prices are rising much fast. so then wages new shoes on our luxury for some that since i see on a cadillac indicator going for data, we know people who want to buy it, but they just don't come. that's how they used to try to promote sales. we need to offer an alternative such as installments without interest rates, because if you have sold the cost with that you get a few more sales. yeah. and if you need, do i. yeah, most most of service is it would cost up at the finish and book you don't mind have and the cost of living in argentina is up 30 percent this year. many have to type the belts for more or less crossover to one is iris and dw correspondent alejandro. and i've also out of candle year in year inflation last month hits 109 percent and argentina tell us what people are doing to cope with that.

there are 2 argentina's, a poor people eh, go to the details today. they are put this in the, in the streets, the middle, and no class is cutting expenses or a buying the 2nd hand notes. but at the same time, the music class, the upper middle class, and the high class feeling that the best, those baron in their hands. and they tried to expand it or that's why they consume shot consumption. these as to how you know to obtain a handle argentina has been plagued by sewing prices for quite a while. what low and long term effects has this been having a hi, inflation has started again in argentina. it seems 2007 and the poverty it was in the timing around 25 percent of the population by the in the last 2 years. and as the based on the in rise is $250.00 and no more than 100 percent. the

poverty a r a t last year is 39 percent of the population. and maybe this year it will increase again. and the same time a hiding place you on a prevents black branding and the also long term investments that they hope of buffering the past. so the government has imposed foreign exchange restrictions. what has been the result of the move? gotta be the controls have been installed in argentina. is these 2011 and is used in at the are a, a part of the exchange markets. there is an illegal exchange market called dollar blue, and that it's price appears every day in the news day home, a websites, a onto innovation. because a don't avenue in, in thoughts index, economic expectations, the people. and there is also another,

a legal part of the market where you can buy legal dollars. dollars is the currency that use argentines for savings for 5 big kids. but they are, you can buy a legal but buying and selling bones and also their identity as their daughter is 16 with a cut rate, a group, the currencies. now this week, the countries, the central bank, raised interest rates to 97 percent. what else is the government doing and trying to address this crisis? and will that work? it's yeah, good. the government, good not to intervene in the league or exchange market. but in, in the central bank, it intervenes in that in league a part of the exchange markets buying and selling burns on a spending a lot of an international reserves. they are in there. and the government is also promoting negotiations between the companies on union to increase wages. the

government is also increasing in social is subsidies for poor people. and at the same time, a, the government has announced a, an opening over the impulse of fruits and vegetables to try to control information . the w correspondence, alexander about sale reporting from gwen is either side of handle. many things. thank you very much. i and that is are so thanks for watching, haven't successfully the

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