and the last in korea of julian sands. jenny, thanks so much. next. coming up next is business with my colleague, chris coy about remember there is more on the w dot com and on social media to dw use. i'm jared ready to thank you so much for doing the have someone else do the cd highlighted selected for you, you every week and a new a box. subscribe. now you become a criminal pretty kind, a told me about

sugars paralyzed between your societies. computers that are similar to governments that go crazy for your data. explain how these technologies work. so that's how they can also watch it. now, the germany is the biggest industrial scandal and decades sees its 1st quarter rolling and it keeps one of the formerly highest ranking facilitators of the diesel gate scandal out of jail. to learn experts you on the verdict also coming up for the car

industry, shift towards electric, mobility b m. w is breaking ground in the united states for a brand new battery. assembly plant keeps its options open and after i recently spike and gas prices, we ask the trade minister of norway, which is producing a lot of natural gas. if elevated prices are here to stay. i'm 1st cobra. welcome to the program, former audi c o rupert style has been given a suspended sentence of one year and 9 months for his involvement in the diesel emissions scandal. the munich district court also find in 1100000, europe's earlier this year, the former seo and fox flag and board member agreed to a plea. bargains with prosecutors and exchange. he admitted he was aware that the car maker had installed a legal software which allowed the vehicles to manipulate emissions while undergoing tests by authorities. just to establish the highest ranking, former fox by an executive to be convicted so far over the emission scandal that

rocked the auto industry in 2015. let's take a closer look at this verdict with legal expert alexander folk. it's welcome to w, a suspended sentence of one year and 9 months and a fine of 1100000 yours. what's your impression of this? really? i think it's a very forgiving verdict, and the court went pretty life on him, considering what he had done and what does the volvo off in this many pollution scandal? so in his confession report style, a said he had to stop the sale of nip related cars too late. this is the outline, his entire responsibility and the scandal. and i think not because he was in tops for a long, long time, and he had all the contacts and was in touch with all the engineers. and with all the managers, especially, um the other prosecute in man. i'm both going hubs,

and that's, i guess, just the tip of the iceberg. uh so if this is a rather mild rolling uh, in your point of view, and if, uh, the concession by mr. such style, it doesn't really outline all is responsibility. so why did it come to this ruling and your opinion? i guess from the state of the prosecution was a little bit tough even for the, for the judges, for the court and for the state prosecutor. so is the, yeah, it's a done deal for all of these sites and i guess it's just the best way to put it in the as we say here, this is rolling play to the impression many people may have that corporate executives can do whatever they want they want, they will not go to jail for it. unfortunately that's one step ahead and these kind of terms and um, once a bit ahead in this direction unfortunately. so um yeah,

um i think the public is not too happy about this verdict and the deal they made. but um yeah, completely understandable. i guess. what do you mean when you say uh this ruling could just be the tip of the iceberg? and it could have been the tip of the iceberg. um, what could have been, in terms of what could have been on unveiled, i guess now the case is closed, as we say. and no, nothing is going to be reviewed comfortable of that one. so you're suspect that these verdict said, we heard that they're going to be basically singular rulings does not going going to be a wave of convictions, i guess not maybe in terms of, of the manage us who are getting prosecuted right now, but not in terms of how much data, how much is the current drive and electric mobility if we want to look at the industry as a whole? so how much is a this drive and electric mobility?

the result of this emission scandal and your point of view? i guess the whole emission scandal is way bigger than the money pollution around the audi company. but uh, in terms of folks back in and as we uh with our firm in this kind of mini condition scandal from the very 1st a receipt that there was a change since 2015. and that's the scandal. and it wasn't really the, um yeah, what, what do we need to turning point for the automotive industry to um get away from the, from the diesel and the super a vehicles um way um to the way and uh to the shift to the electric. uh, automotive industry attorney, it likes on default speaking to us earlier today, not staying with the auto industry in the us. the government is wrapping up it's flash 3 structure, car manufacturing towards electric vehicles, subsidies,

a new exhaust regulations are pushing companies to build new generations of cars and the necessary production facilities. you know, the reporter, mountains, least among visited bmw, his largest plant in the world and south carolina. that today is breaking ground for a brand new batteries assembly facility while keeping its options open. this is what this investment electric vehicle looks like. a massive undertaking revolution and mobility, which humans will have to work and lock the machines to make it all happen. at bmw, south carolina workers are part of this innovation drive, but not without some fee is over the safety of working on the high voltage batteries involved anxiety, mark newton addresses and as classes with trainees together, our associates weren't trained or if they didn't use the correct grounding of these components, we could have a high current effect or, and with any electrical hazards that involves high levels of current associates

might get stuck to a system. unable to pull themselves away. seemed obvious draining. dr. comes is it invests $1700000000.00, use dollars to manufacture electric vehicles here in spartanburg, south carolina, a brand new battery, assembly facility, and expanded production space with holland upgraded next year. within the next 7 years, the painting inspection process easier. theme w won't change much as a transition center for the electric vehicles. the company will type further into a market set to increase massively over the next decade, also aided by policy intervention. the environmental protection is expected to boost the sales from united states tax credits through the installation of adoption . we make the cars cheaper for consumers. the with the set and rewarding inability investment in north america because the customer demands it's difficult to forecast

. w keeps its options open with the ability to switch deduction lines between combustion engine unfettered part part. so you have to have a next symbol set up the brick maybe, and those people ran bubbles and you'd be in the mind, or maybe in a little bit of as low as the minds of the ws investments with windows, the supply of these around the world about 2 thirds of the cars rolling off the plans and spartanburg are exported. the latest us industrial policy is designed to do just that. attract more for and high tech companies to become local manufacturers don't use much asleep on reporting. they're not to some of the other global business stories making news. the international monitor responded as a warning for central banks. the i m s. deputy had deter coping us says central banks may have to tolerate a longer period of higher than targeted inflation rates to help them avert

a financial crisis. that's because they're increasingly faced with the choice of solving debt distress in some countries and hiking rates to fight inflation. european central bank presidents christine la garza is the cv is unlikely, and at an end of its recent interest rates increases anytime soon. the arizona central bank had also reiterated plans to raise rates next month. that would be the 9th rate hike in a row on inflation 2 years on this node, underlying pressure as on prices do persist. after months of relief, industry and home owners have to deal with price hikes for natural gas and gas. once again, that after several production facilities in norway have been taken off line for repairs. meanwhile, gas demand has been on the rise. after high summer temperatures have increased the need for energy, intense, cooling, and air condition, some industry experts fear that higher demand and reduced supply could be

a long term issue for markets meeting. the higher prices for some time to come. for more on what more we can do. my colleague murray seen a spoke to you or ways trade minister, young christian investor. this has to your norway. it has displaced russia as europe's main source of gas. from your experience, how has norway's role is up in europe shifted in this time? it has made that we're partnership even stronger. because we are, by far the largest supplier of natural gas resources 2 years now. that's really very important for european stability and for the energy situation in europe. at the same time, we are going through a huge trends formation. so we are increasing our investments also in new technologies such as hydrogen, carbon capture and storage batteries, offshore wind. and it's really important that we work together with our close friends in europe now to see how we can accelerate this energy transition. and

that's quite challenging for our economy as well. speaking of investments, norway has the largest sovereign wealth funds in the world, and that's all very well funded as filled with money from exporting oil and exporting gas. now your government has set out to use this money responsibly in order to protect the environment. but isn't that a paradox? no, i don't think so because we will need equity and funding to be able to find on the green transition. and it's true that norway is a rich country. that's because of our natural resources, but also because we have a highly skilled people with a lot of competence and knowledge. and they where a higher degree of innovation and productivity and we're able to to rethink and to always develop already industries. but that also gives us a huge responsibility right now we are exporting as much as we can to europe to make sure that we have a well functioning european energy market. but at the same time,

we have never been investing more in you agree? technologies in germany this past year economically was marked by an energy crisis . what do you think? when i started i can learn from norway. i admire what upsets they are. he and his government is facing really big challenges, but they're also facing another opportunity. so there are things germany can learn from norway, 4 out of 5 cars in norway now are fully electric. we have been able to replace or all the oil based heating system. so number of household being replaced by heat pumps and so on. by using the right people don't make incentives, carrots not sticks to be able to make sure that everybody's on board is the green transition. and i think that's at least 2 examples where we are more than willing to share our experiences. great, thank you so much feedback that wraps up our show for now. for more check on our website at www dot. com slash business, and of course the dw,

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