let's just bring you a little bit of breaking news now on audi in terms of mercedes and audi. we have mercedes deliffering their sales numbers. they have overtaken audi for the number two spot. . audi august delivers rose mercedes-benz. francine: basically audi owned by volkswagen. we'll check on a lot of the car makers in the next couple of minutes. in the meantime the chinese premiere said they have to deal with pressures and growth. he announced they will open their currency market to foreign central banks. manus: he spoke at the world economic forum. >> we're integrating ourselfs into the wider world. china will open up even more. vesting abroad

vw's audi saying 4.2 million audi cars affected in western europe. 5.7 thousand affected. audi saying as a result of the emissions scandal in europe, the worldwide crisis, worldwide 2.1 million audi cars are affected. >> in the last half hour reuters is saying they have suspended the research and development heads of vw passenger cars of audi and porsche. that's the latest as the scandal continues to unfold. nancy, what do you make of the most recent comments coming from audi? >> reporter: well, carolyn, i think it's indicative of what we heard from m avatthias mueller. he wants to set it straight and be fast and quick and put to rest so much of the uncertainty. so much of the focus was the drama and defense around the ceo's departure. two days later a new ceo was brought in, mr. matthias mueller. this week can be more crucial as the company gets set to announce how many vehicles were affected and the fix for the software. how they will technically fix the software for the defeat advice. they want this fixed by october 7th or else they could face additional files. the pres

of research and development for the vw, audi and porch brands and put on leave until details of the emissions cheating scandal are cleared up and luxury car maker audi says 2.1 million vehicles worldwide have benefitted with the software. switzerland competition investigating several international banks to manipulate precious metal prices, swiss and germany's bank as well as hsbc in barkleys both based in london. separatist coalition in spain's catalonia region has won landmark election and took 62 seats out of 135 in the regional parliament and if they join forces with the left wing party they will have absolute majority and allow them to pursue independence and we report from barcelona. >> reporter: it looks and feels as if nothing can stand in their

diesel models of five popular vw and audi vehicles were able to pass emissions tests they should have failed. while being tested the cars would enter a special compliance mode that reduced toxic emissions but the vehicles were rigged to bypass that mode when actually being driven. emissions increased ten to 40 times above acceptable epa levels. >>it's something that they deliberately did. >> reporter: clarence ditlow runs the center for auto safety. >> there needs to be criminal penalties. >> reporter: the models expand 2009 to 2015 versions of the beetle, gulf, jetta, passat and audi a3. the epa says the vehicles do in the present a safety risk to drivers. they can stay on the road till vw has a fix ready. the car maker could face billions in fines. kris van cleave, cbs news, washington. >> the car maker also says the emissions test scandal is

audi unveiled its first fully electric suv.ey plan to enroll 12 electric waddles. >> before the end of the decade, we will bring 20 electric and hybrid cars to the market, from small cars to the audi a8. gilles: catherine: mercedes -- catherine: mercedes and bmw are expanding their presence, taking on tesla. >> having the most respected names in the automobile industry come out and say electric is the way forward and make a very public commitment to build electric vehicles for us is a huge win. tesla is leading the way. catherine: the market share for electric cars for the first half of 2015 barely reached 1% in the u.s. and france. tax incentives are helping to change that but sales are struggling to take off and the return of cheap oil hasn't helped. markus: let's talk you through a few other stories we are watching. a surprise resignation of the time -- the italian airline alitalia. the chief executive is bowing out after less than a year. he is leaving for personal reasons, without specifying further. the resignation comes

, beetle, audi a3, golf and passat. volkswagen which owns audi intentionally violated clear air laws by using a device that evades emissions standards. volkswagen faces billions in fines and has been ordered to fix the cars. >>> let's check in, what about this weekend? lonnie quinn is off. and let's check back with vanessa murdoch. >> so far, so good. it really will be for the entirety of the weekend with the exception of early sunday morning. sunday will be my favorite day in quite some time. let's check in with the weather watchers. highs were 10 to 15 degrees above normal. we should have been 75. that wasn't the case today. so much hotter than that. riverhead was at 83, pleasant valley 85. 87 in east brunswick, new jersey. 58 degrees in greenwood lake new york. so lots of warmth still in place. stays that way for the first half of your weekend. right now we are live outside looking at lady liberty. yes, it's been a hazy day but the relative humidity still in the 30th percentile. it felt great. mostly sunny, 79 right

there you see that audi overtaking the car with the dash cam, but on the right here comes a motorcycle. >> oh! >> come on. >> you're right, though, as far as spreading the blame, the guy in the audi could have gone behind the car but the motorbike undertaking everybody as well. >> police officials say the person on that motorbike did not have a license to be on it, and that person suffered a broken collarbone from the incident. >> ouch. >>> you know what's awesome? volcanos. >> oh, yes. i have a pretty spectacular time lapse have you had yo of this volcano, it's called uppiceau. >> looks like if you were looking at ironworks or steelworks the way the sparks go down it's crazy. >> is this time lapse here? >> the posters say it was captured in time lapse. the video you see a bunch of different perspectives of this eruption that actually happened back in august, but this is a new video that shows these different three foe nominal angles. >>> how do you make a trip to get food exciting? take a motorcycle and sprinkle cameras all over the place, that's what skipster did on his youtube chann

ben: why have really now heard about volkswagen and now it's brand, audi?> this was published in the united states as well in new york. all of the cards have too much carbon dioxide and it is not allowed. it is caused by 80% easel cards. -- diesel cars. ben: you have been telling regulars for decades that this cheating is going on. why haven't they listened to you? >> had good legislation in 2009. it literally says that we will get new testing on the roads. but i do not think it is enough. we need independent testing, not in the hands of the manufacturer. and it is very strange now. a big truck has such regulations for one year and now it is cleaner than a car sometimes. it has fewer emissions than a car. this shows what is possible if we have the right legislation. ben: at the same time, technology has helped you in this. what about the corporate site? because these big carmakers have big lawyers. >> there are a number of people who change from government to car industry. and we had an alliance between france, germany, and italy in this case, all the big c

>> in the 1960less, they acquired audi, beginning a buying industry that would include other high-end brands. they are probably the most diverse automaker in terms of the product portfolio. >> each was designed to attract a different kind of customer. >> they are the biggest automaker in the world. >> not in the u.s. that's why it's believed seeds of scandal may have been planted in 2007. >> volkswagen has never cracked the code of the u.s. market. they wanted to change that under the c.e.o. martin winterkorn, he wanted to turn volkswagen into a company that sold 800,000 vehicles in the united states annually. at that point they were selling over 200,000. it was a big, bike ambition move for them. >> an ingredient to that is the diesel machine. challenges. >> fuel economy regulations were

agency says diesel cars from volkswagen and audi included software that made the cars' emissions look cleaner than they actually were. there are nearly 500,000 of those diesel vehicles on the road. the epa says owners do not face any health risks, but the epa has ordered vw to recall the cars and fix the problem. thank you for spending part of your weekend with us today. i'm jim sciutto. >>> next, we have an inside look at the refugee crisis in europe with our arwa damon. it's a fascinating story. "a desperate crossing" starts right now. >> your country is in chaos. you have a choice. stay and face war. or leave and take your chances. pay a smuggler, follow the crowd, or go it alone. unsure if you've made the right

the company has admitted to secretly rigging its cars to faking emissions test results some vw and audi models. apparently the u.s. justice department is conducting a

we know the war they were at with audi and continue to be. mercedes as well. is this an issue where volkswagen's loss is someone else's gain in terms of shares? >> yes. yes. you bet this will be somebody else's gain, and the mass automakers in europe and that's bmw and mercedes, they no doubt have a chance to gain their -- there's also the chance to gain in china as well, although it remains to be seen because of so many issues going on with the chinese economy how much this impacts the demand and sales over in china. >> phil, prior to this scandal being unearthed there were already these family battles between some of the ruling stake holders in the volkswagen company. where does that stand now, and if we are seeing this ceo step down, who is now in power and

taking it to her boyfriend's audi. >> what did he do? >> we don't know. we don't know, but you and i both know that when it gets to code red like this, he did something. she smashed the right window. she goes to the left window. this is a brick. she hits the back window. what would you guess he did? because i don't know. >> he didn't compliment her outfit. >> oh, we're not that easily offended. >> it's got to be another woman. it's got to be you cheated, i busted you. and she's like, i'm taking it to the car. >> there are very few instances where you could see behavior like this come into play. i really do believe intfidelity is involved. >> honey, i know my man's car. i might not know a lot -- well, his password too. so everybody stayed and watched until the cops came and she stopped. the local media says that she was uninjured. just a few cuts. >> the car, however, not so

it's audi. it's lamborghini. it is bugatti. bring them on, right? sexy cars there. >>> new poll shows hillary clinton trails bernie sanders in new hampshire. according to cnn/wmur poll, sanders gets 46%, while clinton has 30% followed by vice president joe biden who hasn't decided whether or not to run, he gets 14%. many presidential candidates marco rubio, ted cruz, ben carson and bernie sanders took time from the campaign to attend the pope's speech to congress yesterday. jeb bush was on special report talking about one of topics of the speech, climate change. >> the pope is religious leader. he is not a political figure. he never said he is political leader. look, the climate is changing. it is a creation of god. people of faith i think understand that. we should be protective of the

and audi dealers to immediately stop selling affected models of the beetle, golf, jetta, passat and audi a3 models between 2009 to 2015. volkswagen c.e.o., an engineer, admitted guilt and offered an apology. the e.p.a. says cars are safe to continue driving until v.w. fixes them. scott, tonight at least two members of congress are pledging to hold hearings on this issue. >> pelley: kris, thank you. we have the list of v.w. and audi models involved on our web site, cbsnews.com. tomorrow pope francis begins his first visit to the united states. he'll arrive from cuba where he celebrated mass today for tens of thousands in holguin, the fourth largest city. among those at the mass was the cuban dictator rauÚl castro. allen pizzey has found the communist regime is beginning to remove the chains from the church house door. >> reporter: mass in magnificent settings like havana's our lady of mercy is a rare experience for most of cuba's catholics. the majority worship in makeshift churches like this one, no walls, no roof an altar brought in piecemeal, nonetheless, father victor filella it's a f

according to sources right now r and d heads passenger cars, audi, porsche are set to go. >> glencorethe big mining company, the shares are hitting another record low this morning. glen core slumping to another all time low. this is as there's a bearish note on the stock. they're calling them the bermuda triangle. have a look at glen core accelerating its slide. we're off 10% at 8757. so well below that 100 p handle. let me bring you some of the most important comments from that. the challenging environment for mining companies leads us to the question of how much value will be left for equity holders if major commodity prices do not move. if they remain at the levels investec says absent substantial restructuring nearly all the equity of glencore is sliding. the company was taken off its earlier lows. since then they've sort of been in free fall since then. they're now down more than 1/3 from the september 16 close. do keep an eye on the shares now off by more than 10%. >>> let's move on. pro independence parties in catalonia have won a majority of seats setting the stage for talks t

the vehicles include the diesel versions of the audi a-3. golf and passant models. car owners don't need to do anything right now. agency officials insist the violations do not pose any safety hazards and that the cars are legal to drive while volkswagen comes up with a plan to recall and repair them. the automaker's ceo is apologize and go says i personally am deeply sorry we have broken the trust of the public. we do not tolerate any breaking of internal rules or the law. >> reporter: volkswagen could face fine up to $37,500 per car. chris van cleeve, cbs news, new york. >>> new show debuts tonight on cbs. and here on channel 5, it is a comedy called life in pieces. i had a chance to chat with cole lynn hanks and joey lifter jones and ask what makes their show a little different. >> greg and jen are new parents, struggling to keep it together. doing so. >> fairly well. >> i don't know the jury is out. we'll wait and see. but they are just one portion of the large short story. each short story focuses on a different member of the family and that is sort of how you

that the vw scandal widens as audi could be carrying the same cheating software. up." to "first i am angie lau. new zealand is down and new zealand dollar spot is weakening against the dollar, $.63. let's head over to japan. this is the view from japan yesterday. we haveei was up and futures in chicago showing that the route started on wall street is going to continue here in asia. here,is a strong market this is a safety haven play today. a couple of markets are closed today in this region, south korea is shut today, again, for harvest moon day. rightght, our top story now, a one-time commodity and mining star glencore has plunged on both sides of the atlantic with shares falling to a record low of fears regarding weaker metal prices. what happened here? what triggered this? >> i think this is a market that is looking for a victim and glencore is the biggest victim. a lot of investors are concerned with plunging market prices. line anding to get in it scrapped its dividends but on top of that, we've got the sloping chinese economy and there are the questions for the f

days which cars have to be refitted. 11 million vehicles are expected to be recalled, including vw, audi, and fiat. he also wants to separate vw, which is struggling with low profit margins, from others in the group, like its porsche and audi brands. first stepis the toward modernizing the company. with a long trudge ahead, he called it, to repair the damage from last week's scandal. the german carmaker admitted to cheating u.s. emissions tests. first --nterkorn was was forced to step down. three top engineers have been suspended. the group is facing up to $18 in a scandalnes that has wiped out one third of its market value. it has also brought into question the viability of a clean diesel industry that has been promoted by several european carmakers. stephen: the losses were seen in volkswagen shares, down half a percent at the moment. things are looking a little bit better there. in the european markets, we are seeing shares pretty much stabilizing. all of the european markets opened pretty sharply down at the first part of the day. they are recovering. attackedc lawmakers price increa

. >>> volkswagon and its audi subsidiary are hitting the brakes on many diesel models. the says vw cheated emissions testing by using a device that could detect when certain cars were undergoing the test, and then switch them to a more efficient mode when the car would pass. you can't do that. the audi, v w 3, beatle, passat. the allegations cover about half a million cars in the u.s. swvolkagon has apologized and asked dealers to stop selling those cars. >>> the redskins got that coveted first win out of the way but there's not much time to celebrate. how washington is preparing for their first divisional showdown of the season. >> and rain and showers across much of the area. the nats game has been delayed, not postponed just yet. light activity indicated in green. heavier activity along banning and pleasant. we'll come back and track more rain and showers for you, talk about wednesday again, a look ahead to the rest of the week. >> next, a live report from cuba. we'll show you how pope francis spent his final full day in the country. okay. so everyone is saying, "hey

there is news that the audi division of volkswagen has announced that it has more than 2.1 million of its vehicles are involved in this emissions testing cheating scandal as well. german authorities have given volkswagen a little bit over a week to come up with a timetable to describe how the company will bring these polluting vehicles back up to national standards for emissions. as far as winterkorn is concerned when he resigned last week he made a point of saying he had no knowledge of this scheme to cheat the emissions test, and the board of directors of volkswagen, as they accepted winterkorn's resignation also said there was no evidence that they had, that he had any such knowledge. now, the new ceo of volkswagen group is from their porsche division, his name is matteas mueller, he has been with the company a number of years and obviously he has a very large job to do. volkswagen faces more than $18 billion in potential fines in the united states alone. and since news of the scandal broke it's share price has fallen off a cliff. >> sepp blatter says he will remain fifa president

pimm: the audi fox. yes, and the audi 5000 had unintended acceleration.1984, they pulled out of the u.s. market. they have come back big time. porsche has been ruling the roost in the u.s. issues thatose are were not intentional, obviously. acceleration and so on. this seems to be a device and a software that was installed in order to cheat specifically. matt: in order to break the law. they were looking to break the law with this device. at least, at very least as late as september 3, martin winterkorn knew about it. mu've got to guess matthias ll must haveer -- matthias mul ler must have known about this as well. er, the nextas mull chief executive of volkswagen, but what about the brands under the volkswagen umbrella? do they speak to each other? matt: absolutely they speak together. toureg ands porsche's cayenne are built in the same leipzig factory. they built a number of different product on the same platform. they have been trying to reduce the number of platforms they use. talk about a potential of 11 million vehicles, which is the number bandied

. >> reporter: volkswagon and audi dealers are being told to stop selling certain diesel models. it's a major black eye for one of the world's biggest carmakers. the epa alleges volkswagon cheated admissions testing by using a defeat device, a switch that would detect when the car was undergoing emissions test and switch it to a more efficient mode so the car would pass the test. the vehicles include the diesel versions of the audi a3, vw jetta, beetle, golf, and passat models. car owners don't need to do anything right now. agency officials insist the violations do not pose any safety hazards and that the cars are legal to drive while volkswagon comes up with a plan to recall and repair them. the ceo is apologizing saying i personally am deeply sorry that we've broken the trust of our customers and the pubic all. we do not and will not tolerate violations of any kind of our internal rules or the law. the allegations cover about 482,000 vehicles in the u.s. volkswagon could face fines of up to $37,500 per car. that works out to about $18 billion in potential fines. kris van cleav

from small cars to the audi a8. arere cities and bmw too expanding their presence, taking on american electric carmaker tesla. >> having the most respected names in the german automobile and history come out and say electric is the way forward is going to make a public commitment to electric vehicles. it is a huge win. electric is the way forward. >> tesla is leading the way. the market share for electric cars for the first half of 2015 barely reached 1% in the u.s. and in france, tax incentives are hoping to change that. sales are struggling to take off and the return of cheap oil has not helped. >> anyone with a lot of cash could head to seven these in geneva -- to sotheby's in geneva, a blue diamond will be offered. the blue men diamond will be sold in november. the gem valued at around $35 million, the most expected diamond of that color. sotheby's believes it could break a world record price for any diamond, which is currently $46.2 million. the price could depend on the currency exchange rates on the dale of t

speed, and duration of the engine's operation, certain diesel models of five popular vw and out i -- audi vehicles were able to pass emissions tests they should have failed. while being tested the cars would enter special compliance mode, that reduced toxic emissions. but the vehicles were rigged to buy pass that mode, when actually being driven. emissions increased ten to 40 times above acceptable epa levels. >> it is something that you deliberately did. >> clarence, runs the center for auto safety. >> needs to be criminal penalties against those responsible executives. >> affected diesel model span 2009-2015 versions of the beatle, pass at, audi a3, the epa sales the vehicles do not present a safety risk to drivers, they can stay on the road until vw has affixed ready. volkswagon has set aside more than $7 billion to deal with fixing the problem in its fall out. car make kerr also face billions more, in fines. chris van cleve, cbs news, washington. >> meanwhile, tech giant, apple; reportedly interested in getting into the car business. according to the wall street journal apple is fast

the other possibility that is out there is rupert, the ceo of audi and audi has done wonderful things. >> there are warring factions within those groups. >> if you are just joining us, winterkorn is out saying "i am stunned that misconduct was possible on such a scale." phil lebeau, thank you so much. when we come back on squawk alley, as xi jinping talks about cyber attacks. the pope making his way from washington to new york. some call him the social pope, and we'll give you the staggering numbers about his social reach. as law and order svu kicks into its 17th season, we'll speak with the pecktive producer on that long-running series. dow is now down 52. we're back in a minute. >>> a hooj issue such as economic reform and cyber crime on the heels of this week's apple store hack. in fact, over 300 apps in apple's app store have taken a deeper dive into cyber security and what this means for consumers. brian the chief security officer -- it's also with us. brian, when you look at the way that the threat matrix, the sorts of security threats that you are looking at have changed over t

the company has admitted to secretly rigging its cars to faking emissions test results some vw and audi models. apparently the u.s. justice department is conducting a criminal probe into this, too, and the company could face billions in fines. here is more. reporter: only weeks ago, he extended his contract as the ceo of vw until 2018. he emerged from an internal power struggle as the strong winter. now his position is in question could if he knew about the manipulation, he would take responsibility for the scandal, and if he didn't know what was going on, there would be questions about his remaining at the helm of vw. german politicians are aligned and demanding transparency. >> the term "made in germany" stands for quality worldwide. that is why it is important to clear this up now. i don't expect that this will hurt german industry overall. reporter: all german carmakers must provide reliable information about the emissions test to matter how they try to reject allegations. >> of course there is collective punishment with this kind of issue. if one manufacturer has a problem, all the

they have overtaken audi for the number two spot. . audi august delivers rose mercedes-benz.asically audi owned by volkswagen. we'll check on a lot of the car makers in the next couple of minutes. in the meantime the chinese premiere said they have to deal with pressures and growth. he announced they will open their currency market to foreign central banks. manus: he spoke at the world economic forum. >> we're integrating ourselfs into the wider world. china will open up even more. vesting abroad will remain unchanged. these specific policies will continue the encourage more foreign vem in china and they will expand access to markets. francine: the speech came as they reported the fastest scupe rr price growth. to our beijing bureau chief. run us through these c.p.i. and p.p.i. figures. prices down. >> that's right. you're seeing a sort of seasonal bump in pork and food prices. so that explains a lot of what's happening with inflation there with the factory gate what you're looking at is an overcapacity issue which is of deeper structural concern, but that number is also sort

audi owner in l.a. failed a federal law suit against volkswagen for falsely marketing the cars as eco-friendly. also today the department of justice issued this statement. we take these allegations and their potential am implication for public health and air pollution in the united states very seriously. volkswagen not set up recall plan yet. once they do, it will be up to the owner to bring the car in for repairs which will be at no cost to them. but there is some concern that while the repair will improve emission the car fuel economy and performance may take a hit. >> might have to detype the power open the vehicles. to get the mileage to where they should be the at the emission. kind of balance everything out. >>reporter: rick was reportin reporting. palo alto resident understandably shaken tonight after bed bugs temporarily closed their public library. mitchell branch not open for two days now. city doesn't know where the bed bug came from but best control trying to get rid of them. >> this is last

audi models involved on our web site, cbsnews.com. tomorrow pope francis begins his first visit to the united states. he'll arrive from cuba where he celebrated mass today for tens of thousands in holguin, the fourth largest city. among those at the mass was the cuban dictator rauul castro. allen pizzey has found the communist regime is beginning to remove the chains from the church house door. >> reporter: massive settings like havana's our lady of mercy is a rare experience for most of cuba's catholic. the majority worship in makeshift churches like this one, no walls, no roof an altar brought in piecemeal, nonetheless, it's a far cry from the early days of the communist revolution in 1959 when people could be arrested for worshipping. "i think now this fear is disappearing," he said. for the first time in 50 years, catholic church. it will be named after pope john paul ii, whose visit here in 1998 helped thaw relations between the church and fidel castro. american priest father gilbert walker lives in cuba and says francis is seen

lawsuit seeks class action status for californians who bought or leased certainly diseased powered audis. the other suit was filed by a dealer seeking damages over the loss of value of used volkswagens. >>> new leads this morning on the mystery of a missing family from benicia. adam buchanan, his wife and their 7-year-old son haven't been seen in almost a week when they went to their cabbie in the sierra foothills east of auburn. the cabin burned down and human remains were found inside. joe vazquez has newinsight into the case. >> reporter: the cabin was burned to the ground almost unrecognizable now rubble on a foundation in the backwoods in el dorado county. while investigators work to formally identify the remains of the three people found inside the cabin, kpix 5 has learned investigators are also focusing on a family member who is alive and well. adam buchanan's 16-year-old son was at home in the bay area at the family home in benicia when investigators arrived with a search warrant. detectives impounded a white pickup that was parked out front. the sheriff's department says the te

the auto make is audi division say more than three million of their cars are fitted with emission testvices and now germany has started an investigation against the vw former bombs. >> reporter: the public prosecutor's office in the german city has announced that it is watching a criminal investigation in to martin, the former ceo of volkswagen group. who resigned under pressure last week. the focus of the probe says the prosecutor's office will be on potential fraud surrounding volkswagen's now admitted scheme to cheat emission testing by implanting special software in to 11 million of its vehicles that make their diesel engines appear when tested to be less polluting when, in fact, they were much more polluting when driven on the highway under actual driving conditions. now, it was less than a week ago that he was a highly respected german executive with nearly unlimited ambitions and running the company that sold more cars than any other car maker in the world. today he is until disgrace, out of a nobody and facing potential criminal charges. and there is also news that the audi div

now a california audi owner has filed a federal class-action lawsuit in los angeles. it's on behalf of all california volkswagen with a diesel engine between 2009 and 20-15. it's just one of several dozen lawsuits filed across the country. announce a new c-e-o tomorrow. territory across the board for our financial expert rob black today's winners and losers. >> reporter: applications for plan methods of assessing year when a column. if it believes there are over for rigs and over forests of the 15 year low be 267,000 erica's told best figure out of the job-seekers best a good number belief and definitive you automatically believe workers hustles workers this consistently all workers. "employment cut 10,000 jobs" biddy >> reporter: new rail the big items the only cutting up the tunnels and jobs this year to a restructuring tide toward the slowdown duffing the price of oil and where a billion dollars see it this year and 5% dual has crazy delete an annual fund new phone as long as the other plan spread all for that i found success for $1 a month after closing level in s

the will probably impact audi as well.his also one of these vehicles, and they are included in the deep -- in the recall. this is awful. scarlet: why have diesel cars always been more attractive in europe than in the united states? >> do you mean greenhouse gases? co2? in that case the europeans are far ahead of the united states. of united states because car, california, small. the europeans took advantage of this and sold a lot of diesels that have historically higher emissions that affect so -- local air quality. europeans are focus more on global air quality. this is the root of why volkswagen probably cheated. they wanted to sell them in the united they can make a huge investment. they said let's get this to market. everyone is asking how are you able to do this without the filter that bmw and everyone else is using? mark: i think now we have the answer. mark:now that they are in trouble with the u.s. regulators, will this filter back to germany because they avoid claim to be leaders? >> anywhere volkswagen sells a ,

localization, audi plans here, volkswagen there, they think that is the best currency hedge.he broader story is for a brand. it is a brand that has stated a lot of credibility in the u.s. on being green. they have got herman the frog doing advertising for them. they will now face not just negative headlines, but downs she questions. i do not know what your your votes wagon is. obligations? do you have to abide by the recall? is it mandatory? it is not necessarily a safety mechanism. if there is a recall, what could you do to fix the car to make it industry-standard, to make it compliant? that will probably be an expensive fix. brendon: the cars in the u.s. are still on the road and do not have to go off the road. -- privately.lee i'm in the clear. hans nichols in berlin. thanks. coming up, stocks are rallying on monday. investors continue to digest last week passes fed decision. look at what investors are watching now. ♪ brendon: stocks rallying this morning. julie hyman never has a losing streak here it she joins me now. we see stocks rise today after two days of losses. the

about 480,000 vw and audi cars are impacted by this scandal. the legal problems may get a lot bigger. 27 state attorneys general are investigating this case. california is among the 27 states involved. you see all of them here around the country. to executives could be subpoenaed by in of these states in matter of weeks. >>> getting away from the chaos. dozens of kids who survived the destructive valley fire got a free trip to the zoo today. school still closed in middletown. instead they have a week of free activities. >> breathing the air and seeing all the pg&e and the fire trucks. it creates a lot of stress for people. i think just to be able to get out and get away from that and have a break from that is really healing for them. >> it was a stress free day riding the train, keeping the kids entertained and giving parents the chance to gather information from fema and insurance companies so they can start rebuilding their lives again. >>> concern is growing in san francisco over low and middle income residents being forced out in neighborho

about half a million people of bmw and audi cars. these so-called clean diesel engines were fitted to be modeled. the company is saying that it has halted the sale of its 2015 models. angie: what does this mean for volkswagen's ceo. coming fresh off a win of a power struggle against his mentor and chairman. this seems to be the bigger struggle. especially because it is now about convincing u.s. customers, convincing consumers that it is safe and appropriate to use their vehicles. already madekorn headlines earlier this year because of the struggle with the former chairman. he has released a statement deeply sorrye is and that they have broken the trust of their customers and the public and that they will do everything necessary in order to reverse the damage that this has caused. analysts looking at this are saying he was the ceo and he is responsible for this. either he knew about it and did not do anything or he just did not know what his department was doing. ae best case scenario is multibillion dollar fine for the company, damag

it makes audi, porsche and other brands.admitted to installing some diesel cars with software that was designed to cheat on emission tests. investors got their first chance to react today. shares plummeted. the software at issue is really quite remarkable. it meant the car's full pollution controls only when on when the car detected it was having an official emission test. that's why there were big discrepancies between the official lab test emissions and the emissions of these cars out on the road. for nearly a year volkswagon told the epa that the discrepancies were because of technical areas, so this was only when the epa threatened to uphold approval of the 2016 models. the cars affected are the jetta, the golf, the beetle, the passat, the audi a-3. the concern was concerned that actually meeting the federal emission standards would degrade the power of their engines. they marketed those engines as being comparable in performance to gasoline engines. the world's biggest car company being so creative and innovatively dece

with this recall we are talking about diesel beetles, audi, between the year of 2009-2015.american consumers consumers tht v.w.'s and audis looking for a fix, to the money back to the penalties in the billions. >> a lot of disappointment. >> i want them to purchase the car back from consumers like myself. so i'm not under water. >> if you own a v.w. powered by diesel, you will get a recall letter. it will offer you a fix at no cost to you. leon: john boehner is leaving congress altogether. here are some of the reaction -- alison: now royal caribbean a utah mother wasn't due for three months but she gave birth on the cruise ship. you the couple was there with their daughter celebrating the birthday. and little hayden born at 23 weeks. didn't make it. >> i started to cry. i told my husband we weren't going to have any more kids. i didn't want to go through it again. >> i was trying to focus on emily. >> emily was cleared to take this trip by her doctor. the doctors say haydean is a micro premie. the lungs are fully developed so the prognosis is good. what a story. go to san d

at 56% of diesel sales are volkswagen or audi. they share a lot of technology.chrysler are of 20%. we have daimler, bmw, and under 10%.ors here's the issue going forward at least in germany. one out of seven jobs are reported here to be somehow connected with autos. you saw all the transportation stocks, at least those that feed in the big suppliers for volkswagen. six of the eight point down yesterday. it gives you a sense of how this is broader than volkswagen. this is the entire car industry. one final note on that, no investigation in the states. if criminal liabilities found against volkswagen and we are still -- we have no idea how big this could be either from the epa or the department of justice. if -- that makes it much easier for civil liabilities, civil suits. there is talk of a class-action lawsuit in california which has strict diesel standards and a lot of volkswagen customers. guy: i wanted to get a sense of what happened since ferrari. this is since february. this is a 48% drop. the stock was already heading down south at a rapid rate. have seen

the physicist, the metal engineer who made audi and is now running vw.'s his job in danger? be that: his job cannot secure, but he has apologized. it always depends on the deal. this is years of cheating. trustedof the most brands in the u.k. and in europe. this is a brand that is trying also to enter the u.s. market, which they are not doing very well. he has admitted to cheating the pollution

the tesla model s is a little pricier, but close to the range you are looking at in terms of like audiry: they are only making a few of these to hit their deadline of shipping before october. matt: right. these are the founder series cars. that is what these cars are. they originally said they would make 7000, which i am a little bit skeptical of. these numbers are probably fewer. cory: how many cars do think they are making? matt: maybe 24. cory: by these production parts -- these vehicles, could they be indeed, they may not even have production parts and that much of the car will be recalled and replace later on. matt: that is entirely possible. the press cars that go out for review are often key production models, which are put together, 99% resemblance to what you will get. tesla has delayed this and -- 2012, elon musk said it was coming out 2013. but when you like to a politician it is ok. [laughter] is there a history where we saw a similar thing? a lot of it got recalled and there were some issues -- matt: tesla doesn't do recalls. they will just make modifications. it all follo

most of the cars are overseas but almost 13,000 audis in refreshing are impacted. german prosecutors have opened an investigation into vw's former ceo who stepped down last week. >>> one of california's most popular grocery chains is downsiding. whole foods is planning to cut 1,500 jobs over the next two months, nearly 2% of its work force. the cuts will let it focus more on upgrading technology. whole foods wants to tone down its reputation for selling expensive food by lowering prices for its customers. back home the pope is talking about his trip to america. >> and shell calls it quits in alaska. find out why the oil giant says they will no longer drill for oil in the great white north. a very special meeting today between some "tiny fighters" and some "crime fighters." 13 "superheroes" were spotted danin >>> a very special meeting between some tiny fighters and crime fighters. 13 superheros were seen dangling off the side of ucf children's hospital cheering up patients. the visit was to help the younger patients focus on something other than being sick and stay

which cars have to be refitted. 11 million vehicles are expected to be recalled, including vw and audi. vw is suffering from low profit margins. new companyf a structure is the first step toward modernizing vw. he also warned that there will be setbacks in what he called the long trudge ahead to repair the damage from last week's scandal. the german carmaker admitted to manipulating software in the diesel cars to cheat emissions s.st germany has opened a fraud investigation. three top engineers have been suspended. the group is facing up to $18 billion in fines in a scandal that has wiped out more than one third of its market value. it has also brought into question the viability of a clean diesel industry that has been promoted by several european carmakers. >> the company lost nearly one third of its market value in just one session. the roller coaster ride comes on concern of glencore's ability to serve its high debt at a time when oil prices, metal prices, and other commodities are low. glencore issued a statement saying it did not face any solvency issues. they are trying to push

environmental protection agency friday ordered volkswagen to fix nearly half omillion of its vw and audi diesel powered cars going back to the 2009 year. the agency accuses the auto maker of installing defeat devices. which turns on the mechanism only when the test is being done. after the test is done, it shuts off. the epa called it illegal and a threat to public health. said the pollutants can contribute to asthma and other respiratory problems. diesel jetta, beatle, passat. last year the justice department imposed a record fine on kia and hyundai. >> the largest civil penalty ever secured under the clean air act. this will send a strong message that cheating is not profitable, and that any company that violates the law will be held to account. >> now volkswagen could face up to $18 billion in fines. for building cars regulators say that dodged rules that meant to protect the public. jonathan betz, al jazeera. >> some major democratic fund raisers tipped their hands today, and what they said could be bad news for hillary clinton. we'll look at her campaign and donald trump's latest co