nod as its new chairman the move follows the resignation of legendary boss carlos cohn whose arrest on financial misconduct charges has rocked the french carmaker and its alliance with japan's nissan. is the nod will become chairman immediately the company said deputy chief executive terry below will take over goans other role as c.e.o. as an od sixty five now faces the task of soothing relations with renault's japanese partner and resuming talks on a new alliance structure to cement the twenty year old partnership. now for another carmaker volkswagen became the world's top auto maker by selling internal combustion engine vehicles but has big ambitions for electric vehicles of course there are hurdles to overcome and my colleague of mine whale acosta claridge caught up with company c.e.o. have a decent today at the world economic forum in davos to ask about just one of those problems the lack of investment in batteries. we have a defense minister and the german minister say both sets here in davos that yvonne to push for protection of eat better east in europe what do you think about t

carlos cohn says he did not commit tax fraud his lawyers want him released. we have some breaking news coming in here in germany where federal investigators have confirmed that a suspect is now in police custody in connection with a major hacking scandal personal information from hundreds of german politicians and celebrities was published online back in december but only became public knowledge last week the data was posted on a twitter account over a period of four weeks the leaks affected politicians at all levels including chance wrongly machall it's to the us now where oscar winning actor kevin spacey has pleaded not guilty and the case of sexual assault is peered in a massachusetts court room to face a charge of grope the young man in two thousand and sixteen if found guilty he faces up to five years in prison. a crowd of reporters awaited spaces arrival at the court on nantucket island. the judge had denied the actor's request to be excused from his arraignment and ordered him to stay away from the young man who's accused him of sexual assault. for the

of course renault believes that carlos cohn is not as guilty as the people in japan feel that he is but i think it's doubtful that he'll ever return to leadership for no one at the alliance. sign and it's officially he's out already anyways because there's been such a tarnishing of his image of his reputation both professionally and personally i mean there's almost nothing worse for an executive of that level you've talked of a legend accused of dipping his fingers into the till and even if he's his pronounced innocent at the end it will be these bad images that for me going says he's one hundred percent is what do people say i mean can we can we see anything reflected in the share price of these companies. well all the chairs dipped when the news came that carlos to go on was being arrested because people feared that the alliance would fly apart and it's been choose fully successful i mean it's a little bit under the radar because we tend to look at individual companies like volkswagen or like renault but when you look at renault nissan which a bishop they've come up from the grave pra