c.e.o. of audi volkswagen has to take consequences and remove him from that post he can't stay with but this development now not only i mean given given the way to all the german car industry when it comes to to the might of the german economy how are investors handling all this today. investors are handling it as one might assume they're there alarmed and the volkswagen share is going down it's going down further the further trading goes the further this news is sinking in and it's also going down because i'm liz also at issue so far it's not a freefall it's not a tumble but there are fears of course that this will this development will not only cost rupert stopper his jobs but will result perhaps in testimony that will incriminate other executives and will give the way to claims of damage or of being informed too late as a stockholder and this could cost v.w. for example further amounts of money perhaps lots of money it is a question to both of you perhaps i mean i mean korea certainly is at stake if we do see heads rolling would that solve the problem well i mean it really kind of depends

c.e.o. of audi one of the top people in the volkswagen group a confident of the porsche and ph family that owns the majority of the whole volkswagen family with over six hundred thousand employees two hundred billion euros and turnover and you know ever since the scandal started people here at the exchange where i'm standing have been asking themselves why not the top people they must have known and there was suspicion from the beginning also about rupert stolidly now it seems to be confirmed that at least the prosecutors have enough evidence to act on of course he's presumed guilty but people here see that it's a move that they've been expecting for a long time we told him of the mood. of the investors in frankfurt how the market where. the markets reacting by taking the v.w. share down didn't react sharply at the beginning but now the w. is in fact the biggest loser you know the minus is only three percent in this from a level which the volkswagen share had before the scandal broke and tanked right when the scandal broke but has since recovered because people still buy the cars and they're bu

of germany's top c.e.o.'s detained over emissions cheating allegations how serious is that. i think it's a major blow for volkswagen for audi of course rupert stock has been in top positions there for years as c.e.o. before that he was finance chief and before that he was chief of the general secretary at that is chief of staff basically to the volkswagen c.e.o. so he's been in the know for years and years and the porsche ph family that basically owns the majority of volkswagen is very close to starter has prevented that with all the allegations that were already there up to this point that he was released from his post of course having said all that one has to presume also for rupert stopper that he is innocent until proven guilty in a court of law but it does not look good for him now with the prosecutors taking that step of actually arresting him for fear of danger of concealment that is perhaps the fear that he can influence others into not giving evidence that they should. it doesn't look good for him and for folks like in terms of the presumed innocent is that's how investors are seeing it how do they react. well i th

c.e.o. of car maker audi was arrested arrested related to the ongoing scandal that started with volkswagen over emissions cheating devices installed on their vehicle audi as part of the v.w. group this makes rupert stadler the audi c.e.o. the highest ranking v.w. group employee to be detained related to the scandal he was reportedly taken into custody in order to ensure that there was no witness tampering connected with the ongoing investigations according to c.n.n. money the news comes days after german regulators issued a one point two billion dollars fine for emissions cheating that fine in addition to the already more than thirty billion dollars that v.w. has already paid seem to be something people are taking note about and here to talk about audi and the other auto industry news in this story jammed up stories that are jammed up is car coach lauren fix lauren thanks as always for taking time to b.s. with us what's your take on that arrest. well we kind of thought that the somebody to be arrested researcher was v.w. group or is going to be staff from audi but the fact is these engines are

may not be the last for now the supervisory board audi's parent company volkswagen has appointed head of sales and marketing bramshaw as interim c.e.o. . google is set to invest five hundred fifty million dollars in chinese online sales giant j.d. dot com making it the latest u.s. company to dive into asia's growing e-commerce boom the deal will c.j.d. dot com products displayed on google's shopping service and could help the chinese companies spread beyond southeast asia to markets in europe and the u.s. for google the deal is also an attempt to challenge the dominance of online sales giant amazon. their buses warned it might leave the u.k. britain leaves the single market and customs union without a transition deal is the european aviation group strongest warning yes over the impact of a no deal breakers that airbus employs about fourteen thousand people at twenty five different sites in the u.k. britain is due to leave the e.u. on march twenty nine next year. for the second time in over a way tech has managed to raid a crypto currency exchange in south korea this time the victim was one of the biggest players. exchange directors

volkswagen says the c.e.o. of its audi unit, rupert stadler, was taken into custody.ncern he might tamper with evidence. in germany, the political future of angela merkel is on the line. er coalition is at odds over migration policy. the party is one of three in merkel's coalition, and merkel does have the backing of senior members of her own christian democratic union. in japan, an earthquake has killed at least three people and injured more than 200. the quake struck in the country's industrial heartland and had a magnitude of 6.1. trains and subways halted, and many factories stopped production. in colombia, the next president will be a pro-business lawyer who wants to modify part of a landmark peace process with martinvillee. he won 54% of the vote in a runoff. he called for a cut in corporate taxes, but that may be difficult at a time when colombia is struggling to hold on to its investment grade credit rating. global news 24 hours a day on air and twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. tom: than