has the reaction force from the frankfurt stock exchange laws' wait 1st for a 2nd i just want to us ginnell a couple questions 1st jamil the dima boss bowed out calling for calm backs i read does that mean that he hasn't left the comic during the he's not leaving it in the best shape that it's ever been and not even within his tenure we did see that profit slump in 2018 and it's not coming at a time away or 3rd making this move to invest a lot of really expensive projects like trying to go carbon neutral by 2039 now that's not going to be free it's also still having to do clean up after the emissions cheating scandal and those are just the internal factors you also have external things like global trade uncertainty weakening in its most important market china as a result of this you see any crying shareholders today you know this fight all those downsides that i just mentioned they are genuinely sad to see him go i was even talking to one shareholder who sort of bemoaned the loss of the good old days where car makers were about building cars and not trying to build new mobility concepts or

and so there is a lot of trust i think but of course everybody is very much aware of the fact leggo ginnell said to the concepts of changing for the business and for a dime or 2 this is not only about building cars anymore we're looking at a whole new industry where we're talking about mobility concepts the sharing economy technologies like autonomous driving so it is absolutely clear that the new guy has his work cut out for him and we will have to share all of his. what is the road ahead going to bring to record well 1st is going to be busy with this massive restructure it's the biggest one in the company's 130 year history so that's going to combine the car than businesses and the bus and truck business into 2 independents then also the amount of task involving $800.00 subsidiaries in 60 countries 130000 employees could be transferred that's just the plan for this year is that a clever move well it's going to be a move that allows them to be able to cut costs at least that's what they're hoping to get out of it and if that helps some of the local than the physical a clever move cut costs

what's very interesting ginnell the mood mostly of course a lot of people here down royd angry and that is not a surprise considering what happened to daughter bank and to its shares specifically over the last couple of years mind you when investors used to buy door chipmunk shares they did not do that as a as a high risk option as a matter of fact which a bank was always considered to be a conservative stock you could bank on it was the german bank and then if you look at what happened to share prices they lost 8590 percent over the last couple of years if you were a shareholder actually genelle and you put a 1000 euro in just at the beginning off this year you are at $400.00 to euro now you have lost $600.00 so of course a lot of people are angry and they demand to change they demand to the bank to be more transparent to clean up its act but at the same time it is interesting i had a chance to talk to a couple of shareholders as they were lining up right here at the doors waiting for the doors to open and not everybody is angry with or chipmunk most are but some actually are angry wit