then show profits a year later in its eighty eight year ownership of opel u.s. giant g.m. never allowed the last played firm to expand outside of europe notably barring it from entering the lucrative chinese market but that's about to change opel will be available in china and the u.s. open as new profitability plan is called pace it calls for renegotiating salaries labor costs will be cut through flexible working time arrangements buy outs an early retirement furthermore opel plans on scrapping the existing g.m. technology and replacing it with p.s.a. technology by twenty twenty new more efficient production methods should lower production costs by seven hundred euros per car and last but not least opel will build electric versions of all opel models the european commission proposed wednesday that thirty percent of new vehicles on the continent should be electric powered by twenty thirty by implementing these measures opel will end up saving one point one billion euros annually and least that's the hope of the parent company in france. let's bring in our corres

s european subsidiary went into steep decline and now opel is looking to a new future on the french own ip as a group and since today we have an idea how the ailing cars make a wants to return to the road to success. ople c.e.o. . presented opals new strategy for the future the good news is that no more workers are being fired at least not yet very important and i want to address this at the very beginning. to achieve our goals without plant closures and without force redundancy in europe thanks to strong improvement of competitiveness opel vauxhall has been making losses for nearly two decades and now aims to breakeven by twenty nineteen and then show profits the year later in its eighty eight year ownership of opel u.s. giant g.m. restricted the last play outside europe barring it from entering the lucrative chinese market that's about to change opel will be available in china and the us opals new profitability plan is called pace it calls for renegotiating salaries labor costs will be cut through flexible working time arrangements buyouts and early retirement furthermore opel plans o

production methods should lower production costs by seven hundred euros per car last but not least opel will build electric versions of all opel models the european commission proposed on wednesday that thirty percent of new vehicles on the continent should be electric powered by twenty thirty by implementing these measures opel will end up saving one point one billion euros annually nice that's the hope of the mother company in france. where the paradise paper's a sparking action from the e.u. commission. says member states travel and will do much more to fight. top priority is the creation of a blacklist to name and shame jurisdictions that cater to the wealthy firms and individuals yet the un has been working for two years. on similar measures with the limited success consensus remains a challenge or momentous with a low tax rates and of their own the head of the european commission john clode younger is themselves accused of aiding tax avoidance as luxembourg's prime minister my colleague daniel winter put it to mr moscovici that this gives the commission zero credibility in fightin

at opel in time thank you so much. well today is the ninth of november and that's quite a special day here in germany special for multiple reasons i mean one of jubilation another one far more somber. the first one it marks a number of important anniversaries in the country's history it was on november ninth one thousand eight hundred nine that the berlin wall fell which eventually led to germany's reunifications so this should be a day to celebrate here in germany but november ninth is also the anniversary of darker of vance germany's defeat in world war one on november ninth one thousand nine hundred eighteen political leaders on that date declared the country was now a republic but germany's first experiment with democracy came to be associated with economic hardship street battles between the far left and far right just to name a few factors we know how the history goes after hitler comes to power democracy is of olives and on this day november ninth one thousand nine hundred thirty eight the nazi regime orchestrat

opel wants to use p.s. as technology to bring itself into the profit so also plans on quickly developing electric versions of its vehicle line up but using new production lines and selling opel as part of the p s a line worldwide p.s.a. hopes that opel will move back into profitability for the first time in years. and we will go live to our correspondent there in the us a home where he will be at the opel factory in about an hour from now but first when used with sarah thanks so much monica we look forward to that we have now to some german political news now because the country could become the first european country to allow for a third gender on birth certificates the country's top court ruled that present laws discriminate against intersex people those who have a mixture of male and female sexual traits the court said that the official documents should either recognize the third gender or remove gender entries altogether the change is expected to take effect next year. fine you can hardly believe it the

hopes that opel moved back into profitability for the first time that would be envious. let's bring in our correspondent daniel corpo standing by for us at the opel factory in says hi emma daniel and although there was a press conference taking place what more did you hear there. well certainly opel has a very ambitious plans monica already until twenty twenty they want to be profitable again something they didn't need to when they were still under the ownership of general motors pretty much since one thousand nine hundred ninety nine they also announce that they want to reduce the cost per car for at least eight hundred euro's and their mobility is going to be a very big topic for them so for the moment this is going to mean that opel employees won't have to worry about their jobs but of course we don't know what's going to happen until twenty twenty because as i said those are very ambitious plans and so it's just for the moment it's good news for the opel employees all right so what's the mood like there then i mean we can see people behind you enjoying a hot day not

ago but i bought a series of buildings at a price of just under one thousand euros past ten thousand opel taught me that i just don't know once it's been renovated a unit in a building like this can be sold for four five six thousand euros past grammy time i thought made a call from. a very attractive profit. but it seems that's not enough because there's also a scheme to avoid paying taxes on those profits. and once again appleby is in the thick of it. our research showed that appleby administers a letter box company for a phone explaining on the island of jersey the profits earned in berlin through real estate appreciation and dire rents are registered in jersey last year alone this amounted to some forty nine million euros. the tax rate on the island zero percent the how exactly do firms like for in. expiration managed to shift profits abroad for next place that i'm behind finishing phrase not just an investment company it's a whole slew of companies that are all linked in that sign contracts with a china. is more aggressive in avoiding taxes than some other investors that patches real

cars have been built in eisenach for over one hundred twenty years now the city is on to an opel factory tourists can see the collection of automobiles at a special exhibition including of course that brought both. the cars at the same name as the console and that linked them closely to ice and it's. also stood for the many different aspects of the city which is but a cultural center and an industrial hub. that was never a contradiction in industry started to breathe then petrol so to speak truck is eating fruit. eisenach is also a great place to try some traditional local fare like the famous dumplings which are made of two parts wrong and one part boiled potatoes are served with a crew tom in the middle they see. maroon boiling water until they rise to the surface. it. has every family in the region has their own secret recipe for making the dumplings . everyone makes them differently or. condensed milk you know. is used cram fresh. game the claims based on. their served with the freule aids and red cabbage and eyes and their best to wash down with a glass of luther why. martin luther

the surprise purchased by french carmaker peugeot of germany's opel isn't the only one. fell now i'll know and his luxury empire purchase bag maker rimau up. smaller firms are also proving attractive one of audi's contractors jigga traumatic was taken over by a french company last year. since then little's changed in the offices in english done. the language ofof choe is still german but the boss is now french. it suited the mood is kind of cutting edge technology is in large part why we bought jigger tronic you see the city get. the number of german companies that have been purchased by french firms has jumped in three years from thirty six to ninety three last year. in the opposite direction only twenty five french firms were purchased by german ones in two thousand sixtee. pairs out has facilitated dozens of such takeovers he says purchasing a german firm opens doors. he profits not rare for a medium size german company to do fifty to eighty percent of its sales abroad supplying a german company gives you a ticket to the international market. but france isn't the only

cardinal opel as as as presidet degioia substantive and difficult times.r that you have in your hands step four. archbishop gregory has stepped forward. but we are here to talk about how those ideas, those institutions and leadership can make a difference. and we have remarkable group of people to help us think about that. when is a pastor, a leader,, procedure, fact the only african-american archbishop in our country. the fact that he is the only says something about him, and to say something about us. jim wallis who has been a leader, a preacher, a writer, and advocate on these issues for all of his life. and dr. schanzenbach who has entered teaching and inner scholarship and also in her leadership on this campus and elsewhere has helped us find a way forward, and we will be joined by a hero, someone called the conscious of the congress. representative lewis has a day job and that is as a member of the congress and, in fact, he had votes tonight but we are assured he is on his way here. but so we have hard questions. we have elements of responses and we