i will give you the siemens example. we have become a top 10 software company and the last few years. we are very knowledgeable in the physical world, we make things, we make really big things, we make really big things that are important. it is kind of cool that we are all suppliers and customers on the stage. but when we look at the physical world, we are actually adding to it in the physical -- adding to it in the virtual world. and the big question is, where are we going to find the people that can fulfill those digital jobs of the future? 1500 open jobs today, and competing with everybody for that talent. so we want the best and brightest to get interested in our line of work. doing, if what we are believe, is setting the stage for even the very young people have an interest in changing the world the way we are, in business. with thes start ability to read, write and communicate. but weare critical, still fundamentally, across the board who can work with other people, who can communicate, who can think about things

several german industry leaders including siemens and b.m.w. signed deals worth a total of twenty billion euros with chinese partners an important signal for german companies caught in the midst of the chinese us conflict. as you know a lot of german companies have some see the results in china and in the united states and so we are right in the middle of all of this those companies and what we want snow is that we have don't have a further escalation even with the backing of german business leaders though china is a tricky partner for germany's government chinese investment is increasingly disputed in germany as many german companies complain that beijing office less access to china's market and burn an office to chinese companies in germany. let's get more detail on this and turn over to our financial correspondent score to in new york they his wacom yes china and the u.s. began jointly with tariffs last friday at dawn what's been the response on wall street so far. well not what you would have expected what street is gaining quite a bit just

european commission has launched an in-depth probe into a proposed merger between german conglomerate siemens and french rail transport company alstom over competition concerns the company's agreed to merge their rail operations in march and expansion aimed at staving off growing challenges from chinese rivals but european commission is worried that they might get too big and threaten their competition within the transplant business. it's many a child's dream to become an astronaut but if you've wasted your life doing something else you may now have a chance to catch up with the help of amazon found jeff bezos for next year he'll shoot you into space for a bargain price. two hundred thousand dollars could buy you the trip of your dreams like say four years on a cruise ship circum never getting the world a total of thirteen times or you could be shot into space the first tickets will go on sale next year the initial trip will likely take tourists one hundred kilometers above earth where space begins at three times the speed of sound an eleven minute voyage blue origin is the company behind it

siemens a lot of other larger companies warning threatening that they would drastically scale back their investments and generally their presence in the u.k. in case of a heart break said now that seems to be a little further off the table and i want to just make clear how important that is to the business is by just quoting what we just heard from the director of the confederation of british industry she says the number one priority for british firms in terms of trade is the european union and she says further unless and until you have an alternative way of reaching frictionless trade a customs union is the right answer so very clearly. businesses are elated here so not a bad day for business. talking to us from the frankfurt stock exchange thank you so much. turkish president richard type add to on is preparing to be sworn in today and investors are wondering what to expect as he takes on expanded powers in his second term in office turkey's economy has struggled since the attempted coup two years ago which raised questions about the country's stability the lira has tumbled and growth

siemens in the u.s.has 50000 employees, we are in all 50 states, we have manufacturing research centers across those states and were working on everything from the transformation of having an energy to the needs of healthcare of the future and the needs of infrastructure and all of those have been a huge focus for us. big question, what is the role of a conglomerate these days? that's what we are grappling with that siemens. we discovered there able to take advantage of the expertise of deep technical knowledge across the corporation but what we needed leadership that people can connect the dots and communicate and people who drive teamwork. my start was in lexington virginia and everyone in town was exposed to all kinds of liberal arts and in fact, one of the key things was, you have to really be accountable and proactive because frankly if we want to field a team we need people in town to get on the thing. if we need an orchestra we need someone to play french horn. they didn't actually need me on the

it's the latest big firm to weigh into the brexit debate after similar warnings from airbus and siemenswards worth millions from its former chief executive sir martin sorrell over his rival bid for digital production company mediamonks. the dutch firm is facing takeover bids from both wpp and sir martin's new venture, s4 capital. mr sorrell resigned as wpp boss in april after the board said it was investigating claims of misconduct — which he denies. wang jian — the co—founder and chairman of giant chinese conglomerate hna group — has died in a fall in southern france. police say mr wang had climbed on a high parapet to take photographs — they are not treating the death as suspicious. hna employs more than 400,000 people worldwide — with assets including major stakes in deutsche bank, hotel chain hilton and skyscrapers in london the national health service celebrates its 70th anniversary today. when it was created, it was the first time in the world that completely free healthcare was made available on the basis of citizenship rather than payment. dominic hughes has been speaking to thr

the major car brands and industrial giants like germany‘s siemens are all investing heavily in autonomous match for a racing driver on the track? our transport correspondent victoria fritz reports. host to the great and the good and ata host to the great and the good and at a racetrack, of course, plenty of these come as standard. until now. meet robo cart. a truly driverless ca i’s meet robo cart. a truly driverless cars built from the ground up and driven by artificial intelligence centres and gps gives the car 360 degrees vision, a vision, perhaps, of the future. it is definitely the way the world will go. leisure driving and driving day today for going to work can be two very different things. not to be outdone, these boys from cranfield university. they have a 1965 ford mustang with a difference. each box contains a computer doing the mass to get the car around the track, or it least, that is what they hope. so the cars are ready. it is the first day of the festival and the very first car on the track is this autonomous vehicle here. we will give it a go. lets go. and with a fleet of

let's start with the biggest, siemens listing its health care unit, as well as deutsche bank listingnagement business. these were party chunky deals. you see more of that come what is driving it? guest: thank you for having me. we've had about $25 billion worth of corporate spinouts in europe. i think it's a thing that will stay. you can ask why our company is doing it, and i think there's basically three reasons. one, you have a change in the competitive environment. new regions, price competition. the second one is releasing a value. if you have a business in your company that has higher growth rate than the parent, you can get up to 10 premium points on your pe for the growth to generate. and twovate equity, thirds of the spinouts trade at a premium value with the parent. and finally, there is increasing shareholder engagement and management engagement. you know about activism being there, private equity paying premium prices for these assets. and management compensation is increasingly tied to total shale return. that means if you create value, conversation goes up. it's a thing

the european commission has launched an in-depth road to a proposed merger of siemens and a french companythey agreed to merge real operations in march, and expansion aimed at saving off growing challenges from chinese rivals. the european commissioners worry they might get too big and threaten fair competition in the train supply business. that is all your business for now. back to sarah. sarah: a former bodyguard of osama bin laden is the center of a tussle between the german government and court. first the government deported him to tunisia, then the court ordered him back to germany. the court said it breached fundamental principles of the rule of law. reporter: the chartered plane took off from duesseldorf at 7:00 heading to tunis. a tunisian deportee, identified as sami a.. >> i can confirm sami a. was returned to tunisia and handed over to tunisian authorities. he was accompanied by four police officers. reporter: he had lived in germany for over 20 years, most recently in this city where he was accused of radical islam is preaching. the social democrat politician has been following

siemens a lot of other larger companies warning threatening that they would drastically scale back their investments and generally their presence in the u.k. in case of a heart break said now that seems to be a little further off the table and i want to just make clear how important that is to the business is by just quoting what we just heard from the director of the confederation of british industry she says the number one priority for british firms in terms of trade is the european union and she says further unless and until you have an alternative way of reaching frictionless trade a customs union is the right answer so very clearly. businesses are elated here so not a bad day for business. talking to us from the frankfurt stock exchange thank you so much. you're welcome. but times are changing marketing experts for example are increasingly turning to so-called influencers to sell their products the stars of you tube instagram and other social media platforms mention use or review products for cash it's called influencer marketing but some brands are losing millions of dollars in adv

european commission has launched an in-depth probe into a proposed merger between german conglomerate siemens and french rail transport company alstom of the competition concerns the company's agreed to merge their rail operations in march and expansion aimed at staving off growing challenges from chinese rivals but the european commission is worried they might get too big and threaten fair competition within the trade supply business. and that's only business when i'm going to have you back over to say thanks to a former bodyguard of the late al qaeda leader a son of a lot and is at the center of a tussle between the german government and german court first the government appointed him back to tunisia and the court ordered them back to germany the court says his removal bridged fundamental principles of the wall of law. the chartered plane. headed to. confirm that sami a was returned to tunisia and handed over to tunisian authorities he was accompanied by four german police officers on the flight. had lived in germany for over twenty years most recently in the city of where he was accused of

it's the latest big firm to weigh into the brexit debate after similar warnings from airbus and siemensim dotcom has lost his latest court battle against extradition from new zealand to the us. new zealand's court of appeal upheld the decision that mr dotcom and three others can be extradited to stand trial for copyright infringement and fraud. the charges are related to mr dotcom's now defunct file—sharing website megaupload, which allowed millions of people to download digital content. the international monetary fund has cut its 2018 forecast for german gdp growth to 2.2%, saying rising protectionism and the threat of a hard brexit had exposed europe s biggest economy to significant short—term risks. the washington—based lender whose previous prediction from april was 2.5%, edged its 2019 forecast up to 2.1% from 2.0%. malaysia has suspended $22 billion worth of china backed projects in the country, as it probes whether its scandal ridden state investment fund — 1 mdb — benefitted from a chinese state—owned bank loan. the projects include a vital rail—link, which would connect malaysi

agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. market so for us we absolutely need for the very survival of the steel center in the u.k. seamless trade with terrorists. with no end in sight for the u.k. trade deal many sectors have a long road of economic instability ahead of them. now to an uplifting story that really captivated the world sumi that's right monica bout her roic rescue of the twelve boys and their soccer coach as they were trapped for two and a half weeks deep inside a flooded cave in thailand while the boys are doing well and doctors are pleased with their recovery as they prepare to leave the hospital the boys have now been told though one person a former navy diver lost his life during the mission to free them safe and recovered from the hospital beds the children of the wild boars football team send the messages of thanks to the rescuers. and thank you for worrying about me and thank you for going inside the cave to

several german industry leaders including siemens and b.m.w. signed deals worth a total of twenty billion euros with chinese partners an important signal for german companies caught in the midst of the chinese u.s. conflict. as you know a lot of german companies have froze some see the results in china and in the united states and so we are right in the middle of all of this those companies and what we want to know is that we have don't have a further escalation even with the backing of german business leaders though china is a tricky partner for germany's government chinese investment is increasingly disputed in germany as many german companies complain that beijing office less access to china's market and burn an office to chinese companies in germany. let's get more detail on this and turn over to our financial correspondent yes quarter in new york to his walk of yes china you ask again julie with tariffs last friday at dawn what's been the response on wall street so far. well not what you would have expected what street is gaining quite a b

agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. markets so for us we absolutely need for the very survival of the steel central u.k. seamless trade with terrorists. with no end in sight for the u.k. e.u. trade deal many sectors have a long road of economic instability ahead of them. thank you monica a quick reminder for you of our top story this hour u.s. president donald trump has been welcomed by the finnish president ahead of his summit with russia's president vladimir putin trunked saying something the scene by saying relations between the u.s. and russia have never being worse. you're watching news from. the top of the aisle don't forget you can always get the latest. that's from our website that's you talked up next science magazine tomorrow today thanks watching. keeping fit can also make use nerds only if the name is a combined with a challenge for the mind. at least that's the idea but these games. perform better . how. to be. m

and sebastian will stay with with us from douche bank foreign minister siemens saw net profits fall 11%t links head winds by 5% across all segments and if world cup boosted revenue. it saw a 43% drop in prophet foreign minister if he said if a we aresant bid is successful i would be successful the rest of the year >> and a 50/50 joint venturer digs p it says each company will initially concan tribute $1 million to set an it platform in the united states and announce anath head quarters in america >>> paramount pictures said the action-fuelled spy move aearned more than $60 million, not counting for invasion. that makes it the best opening of a "mission impossible" installment. have you seen it >> no, but the first "mission impossible" came out 22 years ago. >> if i didn't see it but i'm sure it doesn't have anythinging to do with my age. >> if you have goog say about tom cruz or heineken -- >> that's quite impressive for tom cruz >> you can so tweet us directly. but coming up a little bit more. we'll dis custhat coming up next - i love my grandma. - anncr: as you grow older, your brain

agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. market so for us we absolutely need for the very survival of the steel said in the u.k. seamless trade with terrorists with no end in sight for the u.k. trade deal many sectors have a long road of economic instability ahead of them. thought drums foreign trade. he seems to follow no strategy except maybe this make america great again but how do you actually achieve thoughts floods for example and lots of them that's why trump is ramping up the production of flags for his reelection campaign in two years and that will surely provide a boost for the american companies making all these flags you might think well think again the g.m. how flag company and china's on the province is busy despite the trade war between their country in the us it's all about supply and demand and business is booming here even with all the buy american rhetoric at home the trump campaign has their reelection flags ma

agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. market so for us we absolutely need for the very survival of the steel set in the u.k. seamless trade with terrorists with no end in sight for the u.k. trade deal many sectors have a long road of economic instability ahead of them. right now to a story that's cap. said the world christopher absolutely the heroic rescue last week is twelve boys and their football coach trapped for two and a half weeks deep inside a flooded cave in thailand the boys are doing well by the way that doctors pleased with their recovery and as the boys prepared to leave hospital they've now been told how one person a full navy diver lost his life during the grueling mission to free them. a moment of silence for the man who died trying to save their lives. form a tiny a.t.c. oh. man i had to there as he was laying up sitting canisters for the rescue of the trapped football team. hunan is being memorialized in a hug

find siemens grew up in many of poverty in the netherlands the student protests were completely foreign to him. i was raised in a small town and people didn't talk much about all that money and when they do they're clearly good like my they didn't understand what was going on and they had no time for god and it's arguable. west germany was a prosperous country at the time. they lead a quiet life she likes to knit he enjoys handicrafts still working. in the west german countryside there were few calls for radical change most residents of up of the variable skeptical annamarie be sure later became a conservative m.p. in the state parliament but in one nine hundred sixty eight she wasn't terribly interested in politics me here. is a bit we discussed politics at home. my father was a district of a. and officials and the local ma as it was i thought politics was kind of a bore and so on the thing it reeked. annamarie was nineteen at the time and studying home economics at school with germany's new emergency laws general strikes street battles in france and the viet nam war were not on her li

you see big global companies, france's totale, germany's siemen's. the pressure will mount.there be this confluence of factors that really undermine the regime? just a year ago you saw almost 77% of the population in iran turn out for a presidential election, much higher than it was in the u.s. presidential election a year before that. there are still people willing to participate in a system a year ago. whether the system can collapse quickly, i think, is a big question. >> i think one thing we could be sure is the pressure is mounting and this is going to be a story to watch. thank you. thank you very much. >>> next on gps, trump's tariff war and why it won't work. back in a moment. ♪ come fly with me, let's fly, let's fly away. ♪ ♪ come fly with me, let's fly, let's fly away. ♪ ♪ ♪ keep it comin' love. ♪ keep it comin' love. ♪ don't stop it now, ♪ don't stop it no. ♪ don't stop it now, ♪ don't stop it. ♪ keep it comin' love. ♪ keep it comin' love. ♪ don't stop it now, if you keep on eating, we'll keep it comin'. all you can eat riblets and tenders at applebee's. now that'

you see big global companies, france's totale, germany's siemen's. the pressure will mount.ence of factors that really undermine the regime? just a year ago you saw almost 77% of the population in iran turn out for a presidential election, much higher than it was in the u.s. presidential election a year before that. there are still people willing to participate in a system a year ago. whether the system can collapse quickly, i think, is a big question. >> i think one thing we could be sure is the pressure is mounting and this is going to be a story to watch. thank you. thank you very much. >> next on gps, trump's tariff war and why it won't work. back in a moment. imer's associan walk to end alzheimer's, we carry flowers that signify why we want to end the disease. and we walk so that one day, there will be a white flower for alzheimer's first survivor. join the fight at alz.org/walk. i never thought i'd say this but i found bladder leak underwear that's actually pretty. always discreet boutique. hidden inside is a super absorbent core that quickly turns liquid to gel. so i

i have known mark as a fire sprinkler designer for siemens for the last 11 years and as a fire department engineer since 2017, and with the plan check department since march 2018. mark is a very professional fire sprinkler designer and has knowledge in fire protection system code and design. he has been a great addition to our plan check team, always very polite, respectful, and trying to learn new things. from my experience with him as i was training him for the over-the-counter service, he was always professional with our customers, always polite and very straight and serious with his interaction with our customers. mark is a family man. during his interview for the fire protection engineer position for the san francisco port, he was asked by captain ken coughland, what is the thing that you are most proud of in your life, and he answered my two daughters. >>commissioner cleaveland: we'll grant you one additional minute, but please wrap up in one minute. >> he was just trying to fix something he thought was wrong, and he just got himself into a misfortunate bigger problem by trying to r

siemens is down more than 3%.d estimates and the ceo said although the for your guidance they expect to be the same, they are increasing negative currencies affect and investments in the future of the business. matt: thanks very much annmarie hordern with the look at some of the stocks out with earnings today that disappointed markets. earning season continues. we heard from europe's biggest banks last week. this week, barclays, credit suisse, and socgen are due to report. joining us is our senior bank analyst, jonathan tyson. still with us is jimmy conway. jonathan, let's start with you. how did last week's earnings go and what you expect for this week? jonathan: last week we saw deutsche pronounced and ubs. i think the, not a great deal from their, so what we are looking forward to the most, french banks take underperformers in the last quarter. exposed to take trading. dollar going the right way. we're looking for capital build and decent trading. guy: it's interesting this morning, europe and a similar situati

siemens health and ears is off 1.8%. none of these stocks, interestingly enough, our ex dividend. about holding -- we talked about gam holdings down almost 8%. we go to sebastian. >> u.s. president donald trump has dealt a double blow to theresa may on the first day of her visit. her brexitt he said plan will kill any future trade deal with the u.s. and says boris johnson will make a better leader. the britain foreign ministry also slams the proposal. president trump and his wife. hundreds lined the roads were the trump's were staying. the unlikely they even saw protests as they were flying by helicopter. the week atend trump's golf resort in scotland. the u.s. and china have signaled they were open to resuming negotiations. high-level trade discussions with the world's two largest economies has stalled since last month. beijing must said commit to deep economic reforms and downplay the severity of the trade war. presidents have defended the banks symmetrical inflation targets. ,e would be happy with 2.5% half a percent higher than the official goal. he also sees up to four intere

siemens, deutsche bank selling businesses have done well.investors are in their rattling the cages. they are saying, how can you get the most value for us? -- spinningpending business is off. let's see how that plays off. matt: ruth, thank you very much. fiat chrysler has named a new ceo as a health crisis that left sergio marchionne unable to return to work. a 34-year-old rid takes the reins. marchionne was replaced after 14 years in the see sweet because of complications from surgery. his condition is irreversible. joining us now from milan to discuss, is bloomberg's senior reporter who has been following sergio around most of the time he's been running fiat chrysler. i want to bring everyone this photo we took with sergio, i believe at the geneva auto show recently. you and i have interviewed him together on a number of occasions. he referred to you as his affectionate stalker. how large of a figure was this man in the auto industry? was a deitye figure. sergio marchionne said things loud that some of his peers just said off the record. t

several german industry leaders including siemens and b.m.w.signed deals worth a total of twenty billion euros with chinese partners an important signal for german companies caught in the midst of the chinese us conflict. as you know a lot of german companies have froze some see the results in china and in the united states and so we are right in the middle of all of this those companies and what we want snow is that we have don't have a further escalation. even with the backing of german business leaders china is a tricky partner for germany's government chinese investment is increasingly disputed in germany as many german companies complain that beijing office less access to china's market then burn an office to chinese companies in germany. and strong plans to once europe to buy more american made cars and that's why he wants to ten percent charge for importing passenger vehicles into the european union to be scrapped the thing is dropping the purchase price alone is probably not enough to get europeans buying there are a whole lot of hidden

confirming the outlook, they are ahead in sales in terms of numbers and making new progress with siemensthe integration. let's talk about another part that is been reporting this morning. we kick off with european bank warnings season -- earnings see them. -- season. let's talk a little about what the bank is saying this morning. we are joined now by the ceo of madea bank. great to have you with us as always. your numbers have topped estimates. you say your strategy -- how good could this year be? casper: there are a lot of bright spots here. first of all, we can see underlined income improving, which we have very -- worked very hard on. we continue to deliver on cost. elements ofkey delivering now inflates, and i think we can continue. the environment is always there, which we need to take into account. but i think we are in good shape and we know what we are doing. the de-risking we have done over the past few years, the big products we have done are largely behind us and i think we are in good shape to drive the customer business forward. manus: can we dig a little bit deeper into the

and on the side it said, siemens . and i'm going, that locomotive was made in sacramento, california, just outside my district, by a german company with american workers, american steel, american wheels, american engines. made in america. how did it happen? because congress, with democrats in control and a democratic president, said, we're not going to talk about make -- making america great again. we're going to actually pass a law that says this money will be spent on american-made locomotives. and so it was. and now that plant is continuing to expand as they produce cars for transit systems all across this nation. f.d.r. had it right. and we're going to follow. we're going to make sure that the laws of this nation actually provide for the working men and women, for those who don't have a job, an educational program. job training programs. career development programs in community colleges and high schools. apprenticeship programs. so that the men and women of america can participate in the revitalization of the ameri

but when you siemens, the homeland security secretary in central america, pence's message was you have to stop this exodus, that's what he told the three presidents of these nations. well, what is the united states doing in terms of investment in, well, what we hear from the trump administration is threatening to cut aid from honduras. and from my personal standpoint, being from venezuela, i'm still a legal immigrant from venezuela, i'm not a u.s. citizen, i had to plea my own country because of a humanitarian crisis there. i took my sister out last year. we met here with our local congresswoman to see about seeking asylum for her. it's a complicated process to navigate and when the u.s. doesn't exercise its role as a regional leader, the sense of isolation in these countries -- i lived it in my own country -- is engulfed -- it engulfs you. and that makes it easy for countries like russia, china, iran, to fill in that power vacuum with values that may not be democratic. >> and thank you for that personal revelation mariana. that's what we're missing is how much of a magnet the idea of

that is serious, come i have to buy siemens high yield to pay the lunch.ious point. four big figures is a lot of points. e and european - what is the risk. high yield i mean, it's there isn't it? risk is the classical high risk if europe slips into high risk environment. that in 12 months looks like a probability. he european recovery relevant to the us is getting going. supportive s a driver of that. your ne: what happens to pound. you have yen, theresa may allying her cabinet to speak from the same hymn sheet. manage to get them to agree? fascinating. she needs to advance from the brexit committee to the cabinet her way in terms of policy remit. there are a few in her party not like the messing given by the whole cabinet on friday. a period of politicalists until now and the nd of the parliamentary session. as a commence of that, it has to sterling. if there is further risk playing perspective. . euro zone is the way to play it. joining thank you for us, jeremy stretch from c.i.b.c. and nicholas gartside of jp asset management. you can interact with the

i could easily construe a discount if you look at where siemens power is trading.anies out there that are not trading at premiums . slow growth, low cash generating 2019 to, especially in get any relief on that whatsoever. you mention 2019 is going to be another transition year. we have a lot of these. how patient are investors with the company? >> when it comes to analysts, there were some talking about just as recently as a few weeks ago the dividend was sacrosanct and in the cut would be a negative. and they come out after the announce a dividend cut and say it was a sideshow. i am not quite show that sure how analysts feel. of buy side is after a year in the role for new management, the buy side is relatively impatient. what is important, the $60 billion of sources is cash this company is going to be getting a year from now dependent on market values. you have to be patient and off to -- also have to assume market volatility is not going to increase. technicalhaving some difficulties there. making his case for why they are overvalued. ofhe had the price target

it's the latest big firm to weigh into the brexit debate after similar warnings from airbus and siemensdual—fuel customers would on average pay £1.35 a week more from 31 august. this comes after the firm increased electricity charges by 2.7% in april. losses at estate agency purplebricks have increased over the past year following expansion overseas. the company reported a pre—tax loss of £26.1 million for the year to april, up from a loss of £6 million the year before. more now on our top story. the boss of jaguar land rover, the uk's biggest car—maker, has issued grave warnings over what a bad brexit deal could mean for the company. according to ralf speth, it could cost the company £1.2 billion profit each year. it's spent £50 billion in the uk in the past five years, and currently has plans to spend a further £80 billion in the next five. but a "bad brexit deal" would put this investment in jeopardy. the company would "drastically adjust" its spending profile. uncertainty over brexit, as well as the future of diesel cars, has already led the car—maker to announce a series of changes