is clear the fate of the folks wagon group will be just started in china. luxury brand b.m.w. also sees the market picking up it'd be timely we asked for peta norton what he thinks about china opening its costs allowing foreign investors majority stakes in joint ventures for the first time you very much welcome the opening up of the chinese market for foreign investment that's great we've also quickly taken the initiative to step up our stake in our joint venture for b.m.w. and we've significantly increased our investment here in china also in local production facilities so we welcome that china is a key strategic markets and b.m.w. group but only because of its size but also because it's very advanced when it comes to new technologies like electrification and also automated driving. the o.e.c.d. group of rich nations says chinese stimulus will shore up growth this year and next but it warms the measures may see debt balloon aging as stepped up efforts to prevent a slowdown from accelerating weak a domestic demand and trade tensions as squeezing the world's second largest econ

b.m.w. and mercedes and all of the groups that are underneath them so until that point there was a lot of diesel vehicles now there's less diesel vehicles and a lot of manufacturers such as folks were getting decided to go electric but now we're looking at the e.u. saying wait a minute you're polluting we want to piece of this pie so there's going to this is going to have to go to court but the the pain part of it is going to be the penalty you're talking about up to and percent of global revenue that is a very large number i'm sure in the end it won't be that high but still that is a large number that is enough to hurt these manufacturers but what they have to remember is that all these german manufacturers are the number one employer in germany and other countries so if you're going to hurt those employers that means there's going to be job losses so there's got to be a happy medium where you penalize them but you don't bury the company. i guess they also in this case also have to actually prove that they colluded so their alleged accent might have actually limited europeans opportunities to b

often the group already owns volvo is a major shareholder in dime low and owns half of its small subsidiary smart. i think the g. least they can influence will increase a timeline and it b.m.w. you have to see that b.m.w. is very strong with great wall the electric mini is produced in china in a joint venture with great will probably do even more there will have to see if these two companies will join forces the shanghai exhibition shows that the industry's on the cusp of a new era one that revolutionizes technologies and for just a lion says and china is increasingly setting the tone. and just updating our top stories for you one hundred ninety three million indonesians have voted in an election about the economy and chinese growth outdoes expectations as investors around the world churn out on business with you i've been fizzling i'll see you again very soon here on the w a y. come under the hammer. pricing. that's today's art. and it's good. but who decides what's hot what's not. investing speculating winning and losing we meet some of movers and shakers. made in germany ninety minutes on the ear. plugs. to the new romex the true channel. goodbye no story. with exclusive