if you're driving a b.m.w. s.u.v. in the united states it's likely your car was made in spots in the north carolina while the eight thousand u.s. workers there make more than a thousand cars a day so few people there understand why the president trump has threatened punitive tariffs on components manufactured abroad. joel pretty more is determined to reach the top. he's already being paid for going to school by b.m.w. and when he graduates that's where he'll start working. joel's grandparents work for the textile industry in badly paid jobs something which is unimaginable for joe the production technology that came after the fall of the textile sector attracted him thirty years ago his hometown was desolate then international firms came to the rescue joel will work as hard as his grandparents but the rewards will probably be better. i look at it it's. not only as an opportunity but you know love the way that you know everything is kind of moving and you just programming is what you're telling me and it's just it was a

the location of car maker b.m.w. is biggest plant not germany as you might think but spartanburg south carolina where the company employs eight thousand u.s. workers is one of more than five hundred foreign firms doing business in the area which politically is trump country but seeing how foreign investors have helped to revive the once adding region locals can identify with president trump's idea of hitting these companies the terrorists. joel pretty more is determined to reach the top. he's already being paid for going to school by b.m.w. and when he graduates that's where he'll start working. joel's grandparents worked for the textile industry in badly paid jobs something which is unimaginable for joe the production technology that came after the fall of the textile sector attracted him thirty years ago his hometown was desolate then international firms came to the rescue joel will work as hard as his grandparents but the rewards will probably be better. i look at it it's. not only as an opportunity but you know i

at b.m.w. headquarters in munich this week we're just getting the news now though conrad who is and is standing by at the frankfurt stock exchange to tell us more and to give us the reaction from markets on this. than the official of. the official wording is that you commission investigated at headquarters in munich which is of course something that could be expected since it's been out while already that your commission suspects that the german comic has formed some sort of illegal cartel b.m.w. says no comment but well that's something perfectly understandable no company wants to talk about stuff like that i guess b.m.w. shares are obviously down today although it does seem to have some. squeaky clean reputation otherwise. yes the shares of b.m.w. are down but all car makers have lost today and that has to do with news from germany's largest leasing companies six leasing where it's reported that the resale of diesel cars is so bad the prices have dropped so much that it really has problems th

why the companies are commenting b.m.w. already makes cars in china through its joint venture with brilliance china automotive holdings heavy pollution has forced beijing to loosen rules for joint ventures with foreign companies in the hopes of quickly phasing in electric and hybrid engine technology b.m.w. announced an electric car offensive just last month here in germany. well that sounds like an interesting new business deal between two big companies and their do my lown our market correspondent in frankfurt can possibly shed some more light on this so those b.m.w. china room anything else that you could tell us about that. interesting story indeed monica if a little light on details and as you said there isn't any confirmation yet but the deal with center around building a new assembly plant in the city of chiang shu now while we obviously don't know yet what kind of cars would be built we can almost all we can speculate that it's almost certain to be hybrid or electric cars in keeping with the ambitious targets that c

b.m.w. b.m.w. already makes cars in china through its joint venture with billions china automotive holdings pollution james a new rules for joint ventures with foreign companies in the hope of quickly advancing electric and hybrid engine technology b.m.w. announced an electric car offensive just last month. and that's all i have for you if you don't do already do follow us on facebook and twitter have a look at the world markets right now before you go thank you very much for watching my back. enjoy the conflict zone fronting the powerful. one crisis after another for donald trump's of ministration some of his own make you have those like the mass shooting in las vegas out of his control my guest here in washington is the republican congressman john bacon how long is he going to put up with a president who's proved so divisive to so many. on the books. the one my name is made by you bam as nearly as i was deja vu towards the tube channel. we have only four seasons old stories music days tour

yes the shares of b.m.w. are down but all carmakers have lost today and that has to do with news from germany's largest leasing companies six leasing where it's reported that the resale of diesel cars is so bad the prices have dropped so much that it really has problems the shares in six leasing lost eleven percent today and of course that's a bad omen for the sale of cars in general so that had an impact on the share prices of the car makers today now comrade you have a lot of experience reporting from frankfurt on the central bank the european central bank its chief mario draghi before i come to our next story could you just give me your typical friday face. my typical friday failure this. friday. one of excess one of excitement and one of relief i think thank you very much conrad who is and that brings me to our next topic every move you make every word you speak even what you wear in some cases it's all monitored obsessive lee if your a central bank governor like these guys behind me it's the case the wor

transactions and this second fortune five hundred company to do so in just days also german carmaker b.m.w. has confirmed its munich offices for the subject of an unannounced inspection by antitrust regulators and we'll talk about the cone zone president trump's director of the national economic council gary collins says clearing houses could be a risk to our financial system is he right unpack it for you standby start right. forum wells fargo's foreign exchange bankers are fired as both regulators and the company look into shady practices in the investment banking arm wells fargo is no stranger to lawsuits arbitration and committee hearings recently the bank's new c.e.o. was questioned on capitol hill over a separate seven year long sales practice scandal which saw employees open customer accounts without their knowledge in order to meet sales targets it was followed by the dismissal of the former c.e.o. and some of its executives the retail banking arm is also in trouble for setting up an authorized bill pay programs for customers and needless car insurance. the senate has narrowly backe

have confirmed they were targeted by raids investigate his visited b.m.w. offices back on friday now the raids are aimed at uncovering evidence of a secret cartel that may have legally discussed industry emission controls and standards since the one nine hundred ninety s. we can get more detail on this now with our financial correspondent daniel corp who is in frankfurt for us daniel of course these a big name call make is that big on the blue chip dax so what's the reaction to this piece of news where you are. a big carmakers all a city in the blue chip in the execs who have lost and we remember the diesel gate scandal already billions of euros because of all those scandals in the past when you talk about today's trading day we don't really see a big impact so far on the shares b.m.w. and dime those shares were dropping after this news not really dramatically of those walks flying shares are even with a big plus at the moment it seems that investors at the moment are kind of used to those scandals in other news the brig's it double speak goes on prime mini

neither companies are commenting that b.m.w. already makes cars in china through its joint venture with brilliance china automotive holdings heavy pollution has forced beijing to loosen rules for joint ventures with foreign companies in the hopes of quickly phasing in electric and hybrid engine technology. announced an electric car offensive just last month here in germany. now german car makers are offering cash incentives for scrapping diesels and buying new vehicles that pollute less sounds like it would be good for the environment but is it we took a closer look. another opal bites the dust. on average an opel is on the road for eighteen years before it scrapped other makes of cars even more robust. but car manufacturers in germany are offering cash incentives to people who want to scrap the old diesels and buy new cars that pollute less there are more than six million candidates for this special treatment. economist henning fitz has published a study on incentives to scrap old cars if we scrap cars it could run for quite a

that card simply could not compete with all the western cars like false weygand b.m.w. mercedes but when you look at the kind of strain now in east germany you see plans by false way again by b.m.w. by porsche and it's not just the automotive sector that has recovered you see pharmaceutical swept companies in the east you name it you name many great you have many great universities in the east and many research facilities there is for instance one research facility in dressed and then they develop an enzyme to cut the i.v. virus out of infected cells leading to potential cures for the disease and it's cities like dressed in like leipsic who have profited from the reunification the most it's cities that profit it's villages that lose but that's also. case and all of germany in the east and the west so you now have the same problems and the same challenges and also the same opportunities in the east and in the west and in that respect i think germany has grown together ok so good have positive outlook there from your culinary business editor thank you very much for joinin

comes three months after a report in germany's der spiegel magazine that alleged collusion between b.m.w. dimler volkswagen porsche and the report suggested all five auto companies colluded on prices suppliers and strategy since the one nine hundred ninety s. if it's true it could be the biggest antitrust case in the history it could also cost the automakers a lot in penalties following the diesel gate scandal in two thousand and fifteen volkswagen paid tens of billions of euros in fines globally and also profits dropped nearly twenty percent and was sued dozens of times this time around we can see that happen simultaneously to all of them except for as long as they cooperate with you investigators. as long as it cooperates that means i'm in the clear then i mean as of now that's what it looks like because the e.u. has a leniency program that allows companies to dodge fines if they are the first to report on whatever illegal act is. yes all right there's the snitch so they're fine which is funny because volkswagen tried to beat them to it but dialer got to you authorities first that's wh

he's already being paid for going to school by b.m.w. and when he graduates that's where he'll start working. joel's grandparents worked for the textile industry in badly paid jobs something which is unimaginable for joe the production technology that came after the fall of the textile sector attracted him thirty years ago his hometown was desolate then international firms came to the rescue joel will work as hard as his grandparents but the rewards will probably be better. i looked at it it's like not only as an opportunity but you know i love the way that you know everything's kind of moving and you just program it is does what you tell it just it was also. there are now five hundred foreign firms in the region many offer tailor made apprenticeships through the local technical college and that's a boost for the region when b.m.w. came into our area twenty five plus years ago that was the eye opener if you would say just saying you know if we do work work together and go after organizations or companies like that we can we can we can re

workers assemble vehicles for b.m.w. in spartanburg south carolina the german carmaker is one of more than five hundred foreign companies doing business in the area many locals are glad that foreign investors have helped revive the once ailing region so few people there understand the president trump has threatened those companies with punitive tariffs if they import components manufactured abroad. joel pretty more is determined to reach the top. he's already being paid for going to school by b.m.w. and when he graduates that's where he'll start working. joel's grandparents worked for the textile industry in badly paid jobs something which is unimaginable for joe the production technology that came after the fall of the textile sector attracted him thirty years ago his hometown was desolate then international firms came to the rescue joel will work as hard as his grandparents but the rewards will probably be better. i look at it is like not only as an opportunity but you know i love the way that you know everything's kin

b.m.w. has given a preview of its new top model in the x. family the x.seven concept i performance the car makers first high and s.u.v. is a plug in hybrid powered by a combination gasoline and electric engine on electric drive e x seven i performance puts out zero emissions the s.u.v. seats up to six people beemer will be presenting the production model x. seven next year. just so. just six. days to the car tester in his pay to the is certain the version of sid two ends d.s. three that she's trying out is a woman's car one clue is a picture of a fun called neon on the. kid play on. this little deer is the logo of french designer in as they look for a song which she was a model and an inspiration for karl lagerfeld and then became a fashion designer herself now she's partnered with since wednesday high end sub brand d.s. to create a new look for the d.s. three. on the outside it's identifiable by the red mirrors. the red wheel hub logos and the blue white and red stripe trim and speired by old airmail. running along the rear windshields bought a match. th

card simply could not compete with all the western cars like false weygand b.m.w. mercedes but when you look at the kind of strain now in east germany you see the plans by ford's way again by b.m.w. by porsche and it's not just the automotive sector that has recovered you see pharmaceuticals web companies in the east you name it you name many great you have many great universities in the us and many research facilities there is for instance one research facility in dressed in their net developed an enzyme to cut the i.v. virus out of infected cells leading to potential cures for the disease and it's cities like dressed in like lights like who have profited from the reunification the most it's cities that profit it's villages that lose but that's also a case in all of germany in the east and the west so you know have the same problems and the same challenges and also the same opportunities in these than in the west in that respect i think germany has grown together ok so good a positive outlook there for your culinary business editor are you very much for joining me

have confirmed that they were targeted by raids and investigators have already visited b.m.w. offices on friday and now the raids are aimed at uncovering evidence of a secret cartel that might have illegally discussed industry emission controls and standards since the nineteen nineties well we can get more detail on this now with our financial correspondent daniel corp who is in frankfurt for us daniel of course these a big name car makers they're big on the blue chip dax so what's the reaction to this piece of news where you are. big carmakers all a city in the blue chip in the execs who have lost and we remember the diesel gate scandal already billions of euros because of all those scandals in the past when you talk about today's trading day we don't really see a big impact so far on the shares b.m.w.'s down their shares were dropping after this news not really dramatically of those walks market shares are even with a big plus at the moment it seems that investors at the moment are kind of used to those scandals in other news the brig's it double speak goes on prime minister

have confirmed they were targeted by those rights investigators visited b.m.w. offices on friday the rates aimed at uncovering evidence of the secret kauto that might have an equally discussed industry emission controls and standards since the one nine hundred ninety s. . now getting around busy central london is already testing but now the drive is of older pollutant vehicles it just got even more expensive as well in a bid to tackle c o two emissions the british capital has joined the ranks of european cities make it harder for those polluted vehicles to take to the roads and they need a new tax on them drivers in central london are used to paying extra to be on these roads now another female be added for son to teach arjun or toxic charge would be an additional eleven euros on top of the ten euro congestion levy they already pay . and the idea is to encourage those who are the most pollution vehicles to stop driving into the heart of london and if they do drive into holland they've got to pay an additional teacher as we please the cost of driving into london

devastating consequences for everyone involved britain is germany's biggest european export market for cars b.m.w. operates many plants in the country. inflation is again on the rise in turkey state officials say the annualized rate rose to eleven point two percent in september and it could climb further according to analysts rising exports and fiscal stimulus a feast of the turkish economy which is lifted consumer spending that means upward pressure on the cost of goods president said in a speech the high inflation is a problem and that he expected the central bank to act. a u.s. senate panel has given the green light for south driving cars the senators have called for uniform nationwide regulations. this new bellwether lao call micah's like general motors ford and the google parent company alphabet to each cell up to eighty thousand south driving cars every year if that proven to be say. the full senate must take up the bill before it becomes law. top wall street bank goldman sachs could become the first major firm to start trading in coins big investors have apparently shown a keen interest in

we say in the matter germany's b.m.w. might step up its operations in china will begin a cooperation with. the german company already makes cars in china through a joint venture with brilliance china automotive holdings but beijing is so in need of more electric and hybrid vehicles to fight pollution it has loosened rules for joint ventures with foreign companies the m.-w. announced an aggressive expansion in the electric car segment just last month. and that's all for this edition of thank you very much for joining us and remember you can watch this and all of our programs on the dot com till next time and if i. make your smart t.v. smarter. what you want when you want to. update. to. decide what song. find the w.

we say in the matter germany's b.m.w. might step up its operations in china will begin a cooperation with. the german company already makes cars in china through a joint venture with brilliance china automotive holdings but beijing is so in need of more electric and hybrid vehicles for five pollution it was losing rules for joint ventures with foreign companies the m.w. announced an aggressive expansion in the electric car segment just last month. and that's all for this edition of the business thank you very much for joining us and remember you can watch this and all of our programs on d w dot com till next time take care and by. the nationalists are on the rise with were required to meet your contract that is their slogan their focus put your nation first i am sure you know how much or if to highlights different shades of nationalism and to find out what that nation mean to you.

shared by attendees at this year's mortar world classics carfare and berlin the star of the show this b.m.w. five zero seven roadster made in one thousand nine hundred fifty five and driven by the king of rock n roll elvis presley himself while he was stationed as a soldier here in berlin it's part of this year's nine hundred fifty s. focus of the show cars from film and museum pieces are on display over twenty five thousand people are expected to visit the fair which runs until sunday. and that wraps up our show for the latest business news simply follow us on social media for now thanks for watching and see you tomorrow. with. many stories make the team so special.

rules dine at the top and have confirmed they were targeted by those rights investigators visited b.m.w. offices on friday the raids aimed at uncovering evidence of the secret that might have an equally discussed industry mission controls and standards since the one nine hundred ninety s. . now getting around busy central london is a ready testing but now a drive is of old a pollutant because it just got even more expensive as well in a bid to tackle c o two emissions the british capital has joined the ranks of european cities make it harder for those polluted vehicles to take to the roads on veining a new tax on them drivers in central london are used to paying extra to be on these roads now another fee may be added for some to teach hardship or toxic charge would be an additional eleven euros on top of the ten year old congestion levy they already pay. and the idea is to encourage those who are the most pollution vehicles to stop driving into the heart of london and if they do drive into parliament they've got to pay an additional teachers with these the cost of driving into london th

which happened on thursday vintage cars and collectors items are on display through sunday like this b.m.w. broached a five zero zero seven the once belonged to elvis presley. hollywood actor nicolas cage was at the wheel of his ford mustang in the action film gone in sixty seconds . another highlight comes from the collection of seven time formula one world champion michelle schumacher. and an original formula one racing suit. they're putting the polish on brussels landmark sculpture we are told me and it's stainless steel surfaces are spiffed up each year in a week long operation. the cleaners have to scale one hundred meters to reach its nine spheres which represent an iron crystal enlarged one hundred sixty five billion times the it told me it was built in one nine hundred fifty eight for the world's fair it's gearing up to celebre. it's sixtieth birthday next year. i'm exhibition at the. expose weather phenomenon from an artistic standpoint. on view of works like john constable saulsbury cathedral from the meadows and for talk of. these work. scientific instruments also in display lik

rules dine at the top and have confirmed they were targeted by those rights investigators visited b.m.w. offices on friday the raids aimed at uncovering evidence of the secret that might have an equally discussed industry emission controls and standards since the one nine hundred ninety s. . now getting around busy central london is a ready testing but now the drive is of older pollutant vehicles it just got even more expensive as well in a bid to tackle c o two emissions the british capital has joined the ranks of european cities make it harder for those polluted vehicles to take to the roads and veiny a new tax on them drivers in central london are used to paying extra to be on these roads now another fee may be added for some to teach hardship or toxic charge would be an additional eleven euros on top of the ten year old congestion levy they already pay. and the idea is to encourage those who are the most pollution vehicles to stop driving into the heart of london and if they do drive into parliament they've got to pay an additional teacher these the cost of driving into london the w

b.m.w. world in munich. and the music. in leone. founded peyser organ dogs i never believed he'd get involved a pix with a project so he was all the more thrilled when he said yes. i saw him i knew we were in good hands. in. the way he was so intense emotional and charming i thought i had to build mr. a work of art one that she fits with the times. the building was conceived as a personal exhibition space for the collector. exhibits are presented in display cases they hang on the walls and from the ceiling. the central spiral staircase leads visitors up through the four exhibition levels and into the main chamber of the museum to continue it. over the years peter has amassed a collection of some twelve hundred pieces for the museum. you avoid them we want to show the visitors the influence bread has had on the history of mankind over the last six to eight thousand years in food farming culture art and most notably religions could do worse says course on this on those really cool. gimmes in explains the origins of bread for example w

b.m.w. world in munich. and the muse did a conference in new york. and found it pays our going door plan never believed he'd get five day picks with a project so he was all the more thrilled when he said yes. when i saw him i knew we were in good hands that sold into. the way he was so intense emotional and charming like daughtry i have to build mr. a work of art one doesn't fit with the times. the building was conceived as a personal exhibition space for the collector. exhibits are presented in display cases they hang on the bull's eye and from the ceiling. the central spiral staircase leads visit his up through the four exhibition levels and into the main chamber of the museum decked in wood. over the years peter has amassed a collection of some twelve hundred pieces for the museum. you avoid them we want to show the visitors the influence bread has had on the history of mankind over the last six to eight thousand years in food farming culture art a most notably religious course on. the museum explains the origins of bread for example with this nin