the iconic hippy van, the vw bus. for true ofirion ardos, nothing can beat the groove of the bus. >> this is the bus that i pulled out of my neighbour's yard. it's a 1966 passenger bus. >> i'm damian. i'm a documentary film producer living in misula. i directed a film called "the bus." i have a personal connection with the bus, and so it was - for me it was - it was reconciling my own feelings, figuring out why do i care about the car, and the history of the vehicle was remarkable. >> before world war ii. hitler contacted porsching to design a car that would be available to the masters. it was conceptionalized by ben and he came to the factory one day after the war and saw that factory workers rigged up the truck-looking vehicles where they took a beetle frame and made a flat bed out of it. that is no book. drew the sketch and two years later they were in production. the idea of creating this mini bus, a cargo mover, people mover helped to bring paste war germany on its feet. buses were imported in the yits by the time

reporter: the company also presented a futurise particular take on the old-- future istic take on the vw bud e with a host of interactive features like voice recognition >> please open the passenger door. >> reporter: there was no ignoring the elephant in the room, the vw pollution cheating scandal revealed last year which affected 11 million diesel vehicles implanned with software designed to defeat emissions testing >> we disappointed the customers and the american people for which i truly, i am truly sorry. we are doing everything we can to make things right. >> reporter: the unveiling came just days after the u.s. justice department announced it was suing the german car maker in civil court. the government alleges that more than 600,000 vehicles sold in the u.s. violated u.s. environmental laws and it is seeking damages of up to $37,000 per car. vw is fighting to regain consumer trust and that won't happen overnight. >> if you look at how corporate crisis are resolved, it takes billions of dollars and years and eventually introducing new products that people are excited about. so you

the government alleges more than 600,000 vw diesel engine vehicles sold in the u.s. violated u.s. environmental laws and is seeking damages up to $37,000 per car. vw is fighting to regain consumer trust, and that won't happen overnight. >> if you look at how corporate crises are resolved, it takes billions of dollars. it takes years of time, and it takes eventually introducing new products that people are excited about. so you can't judge a patient mid surgery. >> dice told al jazeera the company will try hard to win back confidence. >> how do you convince consumers once again that volkswagen is really a trustworthy company? how do you do that? >> this is going to be a lengthy process. we have to stick with what we say. we have to deliver, and it starts with fixing the problem. >> the i-golf will be in the showrooms this year. the bud-e won't be for sale until the end of the decade. by then executives hope that they'll have repaired wit. >> two people were killed by police after shooting dead 14 people last month. a man accused of helping them is due in court. and he faces five cha

called the vw bud e. with a host of interactive features like voice recognition. >> open the passenger door. >> okay, the passenger door is opening. >> there was no ignoring the elephant in the room. the vw cheating scandal last year, which had vehicles cheating testing. >> we disappointed our customers and the american people, for which i'm truly sorry. we're doing everything that we can to make things right. >> reporter: the unveiling came just days after the u.s. justice department announced that it was suing the german car maker in court. the government alleges that more than 600,000vw vehicles sold in the u.s. violated u.s. environmental laws, and it is seeking damages of up to $37,000 per car. vw is fighting to regain consumer trust. and that won't happen overnight. >> if you look at how corporate crises are resolved, it takes billions of dollars, years of time, and it takes eventually introducing new products that people are excited about. so you can't judge a patient mid surgery. >> dice told alja

the eagle will be in vw show room. the budd-e may not be nor sale until the end of the year, by then, it would have hoped to repair credibility to governments and consumers >>> venezuela has a parliament that will be controlled by the center right opposition for the first time in 16 years. some members couldn't be sworn in because of a court challenge by supporters of nicolas maduro's socialist party. we have this report from caracas. >> reporter: songs about change and new beginnings. jubilant supporters of the opposition during the 112 new legislators as they made their way to the national assembly in the capital caracas. a sweeping victory gave them a two-thirds majority, changing the way for a transformation in the way venezuela is run. >> translation: venezuela needed a change. we are fed up with shortages and violence. i want my children to grow up with freedom. without hatred. >> reporter: a few blocks away a rival rally backs president nicolas maduro. they are worried about the make-up of a new national assembly

the vw chief was in the u.s. is necessary because they have not arrived at a fixed local regulators. bill begetting a goodwill compensation. the w is concentrating on fixing manipulated vehicles in europe. the russian ruble has fallen to record lows. they have canceled the appearance that the world economic forum. >> the decline of the russian currency is there for all to see. the ruble's losing. >> we rely on foreign goods. it's just the way it is. if it's bad, we will remember the 90's and live as we used to then. it was scary and there wasn't much food but we survived. >> oil and gas revenues are the main source of income. they are punching holes in its budget. the government is running a deficit equivalent. they told people to prepare themselves for difficult times ahead. >> will have to decide where to cut spending. cuts will have to be drastic. the oil company could be sold off as well as tanks. >> that's it for now from the business desk. sarah: thank you. we take you back to the migration crisis where man

the u.s. is still extraordinarily angry with vw. that will be seen in the size the fine that they're going to hand to them >>> what do you make of the way that vw has handled things since these revelations have come out? >> well, in europe i think they've had a very easy ride of it. the regulators in germany have agreed there is a simple fix and consumers aren't too worried because necessity didn't want a complicated fix that might hit fuel economy of their cars. in the states it's a different matter. they are still struggling to convince the u.s. government that they're on top of a fix there. they believe they're getting closer, burr as this lawsuit shows, they're still extraordinarily angry over there >>> as an american i'm just chu chuckling about the anger. what do you make about the car rolling out. is this a pr move? >> yes and no. yes in that it's now become traditional in the states if you want to appease the government there to roll out an electric car to go more in that direction, it certainly says, look, hey, we're clean,

the u.s. justice department filed civil suit against vw for damages against the clean air act. the company admitted to installing stealth software to bypass safety commissions tests. reporter: at the consumer electronics show in las vegas, the vw brand ceo said action would be taken to appease owners of affected models. >> first and foremost come we have to solve the problems with our customers and fix the cars and then we think about that. reporter: a newspaper says that folks i can would have to buy back 115,000 cars. the owners would receive a refund of the purchase price or a discount on a new vehicle. volkswagen has yet to comment on the report. in europe, the recall of a .5 million -- 8.8 million vw diesels is set to start this month. >> to another german carmaker enjoying a foray of sorts into politics. they had a message for the british prime minister david cameron after touring one of the firm's plants in munich. he is urging britain to stay in the european union. bmw has invested over 2 billion euros in the british market over the last decade and a half. cameron is to

even though,gh, somebody who uses with site that its disposal of disposal of the beetle but if as the vw beetle wall of beetle of the natural history museum with you.tlyou i like that. the picture of the clever jokel went viral and being shared alle over social media. the media that has been part the media that has been part of t the visit for years but it will continue to delight as you receive your number the city are number of other hidden treasures and in theas yoer museum if you want to go to the lord. >>> still ahead, with what he fueled by terror group groups g like the fbi stepped in after pennsylvania is gunned, is gunned down and by far the most famous mansion ever. how you can get your hands on of the playboy mansion, but it comes with one very big catch. down 990 us 20. it is coming this way from the west, so if you are on the east side is ready for the latest later today. agent will tell us when the snow will be headed your when your neighborhood when we come back. it's right wing of hundreds of people guns that i want merely, two groups turned on the offices trying to shoot

vw. we speak exclusively to the ceo of vw on the emissions scandal.d on the outta what he told us in just a moment. ♪ ♪ the new 2016 ram limited. you don't have to be a king to be treated like one. ♪ liz: okay. everybody. the powerball jackpot is now worth more than some countries gross domestic products. their entire economies. it's at an estimated record $1.3 billion by next drawing at 10:00 p.m. eastern time. that's wednesday. after nobody what a shock matched the winning numbers saturday. the jackpot is so huge, folks, that billboards around texas and around the country have had to advertise the price at 999 like herman king because they're not built to show the billions. they only have three digits. the lottery computer will handle the decimal point without a problem. and we here at team countdown want to ask. if you won the $1.3 billion, what car would you buy? that's me getting into the original tesla with elon musk, the ceo of tesla. me want a tesla. what do you guys want? you can tweet me @lizclaman, i would absolutely want to hear what you w

the government alleges that more than 600,000 vw diesel engine vehicles sold in the u.s. ed environmental laws, and it is seeking damages of up to $37,000 per car. vw is fighting to regain consumer trust and that won't happen overnight. >> if you look at how corporate crises are resolved, it takes billions of dollars, years of time, and it takes eventually introducing new products that people are excited about. so you can't judge a patient mid-surgery. >> reporter: how do you convince consumers once again that volkswagen is really a trust-worthy company, how do you do that? >> yeah, this will be a lengthy process. we have to stick to what we say. we have to deliver, and it starts with fixing the problem. >> reporter: the car will be in showrooms later this year. the bude probably won't be for sale until the end of the decade. before then they hope they will have repaired credibility with governments and consumers. >>> plenty more still to come for you here on the news hour, including -- >> i'm tarek basely in spain where a new generation of hot air balloons are taking flig

says that it will likely have a hit on their sales because of the vw scandal. s one of them. why? because of the haven trade. money going into the haven that is gold. it is the best performer on the stock 600. jonathan: i just wanted to bring up some of the pmi data we are getting this morning. spanish december manufacturing pmi coming in at 53. the forecast at 53.6. let's not get overly concerned about this. anything to see their? anything to worry about? >> i do not think so. misses are neither here nor there. 50 is the breakeven level. guy: how do you see the euro trade working here? are we bottoming the trade right now? what does draghi have to do to keep it down? all, i thinkrst of we're definitely seeing the bottom. this is a continuation of mild appreciating pressures going 2016. the market will remain aware of draghi and the ecb in general. other than that, and i go back to a previous point, i do not goinge that the ecb are to fine-tune the currency that much or believes it can fine tune the currency. they want to make sure they do not see sharp apprecia

the proposal by vw is said to be under consideration. it's all been hush-hush but richard walker, our man in washington, with keeping a close eye on the talks. what can you tell us? richard: hush hush was definitely the word. a lot of interest from the media and elsewhere, but it was very closely kept under wraps. it certainly has happened, mueller spent about an hour at the epa building this morning in washington and left the building without saying a word to the press. but we do have a statement from the epa now, and it's quite interesting to read. there is not an awful lot to it. they say we appreciated the conversation with volkswagen and we will continue to work towards a solution. i'm struggling to find the right description for that statement.y very minimalist. >> i call that a non-statement. what do you think, other than the epa, the official version of it? the american public, do they still trust vw? what can they do to win trust back. >> i think vw has not even really fully embarked on that journey yet of regaining trust. the be

analysts say the impacts of the vw scandal will continue to linger, and that car frame -- car manufacturers will be facing tighter scrutiny. a broader car market in europe gathered steam last year despite setbacks like the volkswagen scandal. mark thompson has details. mark: against the odds, enjoyeds across europe a 9% boost in sales in 2015 after six years of decline. helped in part by a rise of 16.6% in december alone. boom, low fuel prices, easy credit, and a recovery in consumer confidence. spain led the way with over 20% growth, but it is not all good news for carmakers. are only nowls surpassing those reached in 2010, after the economic crisis. while both the u.k. and u.s. posted all-time records for vehicle registrations last year, emerging markets like china, brazil, and russia are going the other direction. downturns in those countries have had a particular impact on volkswagen, which is already reeling from its devastating emissions scandal. revelations the company installed defeat devices to cheat on tests affected 11 million vehicles worldwide and stopped 2.5% off its european

hans, just more broadly, can we step back and take a look at vw. the u.s.rip did not go anything like what was anticipated. when they all get back together, where do they take it from here? : they need to have some sort of approval from the california air resources board and the epa. on the pr side of things, they try to walk back an interview. he did not apologize. he said in the interview, he was kind of given the opportunity to say that volkswagen was dishonest. he did not do the kind of prostrating that ceos are supposed to do when they are on their grand apology tours. numbers are bad, but they are not falling through the floor. the brand is still selling cars. investors are giving this a "wait and see" look. this is a healthy auto industry and volkswagen was trying to export diesel technology, which is popular in europe, in part because of softer a mission standards and export them to the states. that is where they got in trouble. none of the big european auto many fractures have tried to take european diesel cars and convince americans to sell them.

the love and law excludes thousands of vw owners from filing a claim against the auto giant. >> it applies to vehicles purchased new and claims must be filed within 24 months. >> so wednesday's when for a south florida vw owner may not lead to buy backs for other drivers. >> even if you successfully go proceeding, volkswagon in this case would have the right toe >> diesel driver like debbie do not qualify for the lemon law field. >> they didn't want to give me it. >> debbie is one of the vw owners in florida turning it into a restitution. it is shaping up to be a long, hard battle. >> they'll fight you on whether you should be federal court or state court. >> vw drivivers could be waiting settlement. >> i don't know what else to do. >> jackie calloway reporting there. >> bill. >> those heated seats will be dubbed. >> yeah, another cold day on tap. >> very chilly as you head out this morning and 10 degrees on average colder than yesterday. colder in some places. a clear look outside. it is absolutely not much in the way of clouds there. as we take a look in down south tampa, the world's lon

the united states is suing german carmaker vw for cheating on emissions data. hey are seeking over $20 billion in penalties. here in europe, denmark has interposed temporary controls along with order with germany to stem the flow of migrants. the prime minister of the country saying that police will be conducting spot checks, and that the measures will initially be in place for 10 days. this comes after they reimposed border checks following a huge influx of migrants in recent months. most migrants to sweden have been arriving being a rail link. but as of this monday, people are being checked before they are allowed to board the train. that is a huge difference. >> officials are checking passports of people traveling from denmark to sweden. those without valid travel documents are not allowed to cross. sweden aims to register all asylum-seekers and deny entry to those not entitled to refugee status. just after sweden imposed the id checks, denmark's president and out similar controls. >> this is a step backwards, but i need to be responsive to what is going on t

but aside from the future of vw, the other question at this auto show is whether the profits in the u.scontinue to climb. with so many new models coming out and annual sales expected to grow only 1% to 2%, analysts worry automakers will boost incentives to win over business. >> the big concern is as they raise incentives or if they raise incentives that the sales keep going but profits start to drop. >> reporter: ford's ceo hears the concern but says this market is not overheating. >> we still think the consumer's pretty healthy. when you look at our business, our actual incentive levels are essentially flat with last year and our transaction prices are up. consumers are really seeing the value for our products. >> reporter: that's the message for nearly every company here. the auto industry is rolling again. and we haven't seen an optimism like there is at this show in 15 years, the last time auto sales were this strong. phil lebeau, "nightly business report," detroit. >>> and at that detroit auto show the honda civic was named the north american car of the year and volvo's xc-90 won t

in an apparent vehicles emissions probe coming in the wake of bolts wagons -- woes.agen's emission the vwuation was likely contain. every company has a challenge. we decide to face the challenge it is a moving target because the technology is moving all the time. betty: now, we are here. this has happened. matt miller joining me now for more. you did that interview with carlos. is this another vw situation in the making? matt: we don't know anything like that yet. renault hasis that told us it has been -- it's offices have been searched by the fraud department, the french ministry. it is cooperating in that investigation. department has already tested for its vehicles randomly. its vehicles randomly. and tested four renaults they have intimated that they that the tech the devices -- detect the devices that volkswagen used. betty: a huge amount of shares have been sold. recovery%, bit of a right now. it has not helped shares of the auto industry. the dax down big because the shares of renault are down. eugeot shares down. fiat chrysler down. just give us the exact details of this raid. wha

the new decision and the thousands of dollars it could were caught in vw's emission >> well, you put in the work but didn't get the pay. it's called wage theft. it's a growing problem for >> now help is on the way for victims in hillsborough county. jackie callaway shows us how a new program will recover stolen paychecks. >> reporter: it involves county agencies and the courts. it opens for those that have no place left to turn. >> i was told to wait for my check. >> reporter: former telemarketer darlene lacey videotaped the last visit to her former boss' office. she wanted to prove she did everything in her power to claim her paycheck. >> that's work for an entire month with no pay. >> reporter: the missing checks forced her to drop out of school. >> i have school debts. i have family. >> reporter: richard davie says a bounced paycheck left him facing for eviction. >> whenever i ask for the money, they say you will get it when you get it. >> reporter: the telemarketer >> they get away with doing this to people. it's a way to victimize people. >> reporter: eric says the county's new w

the chrysler pacifica, it looks smaller, but it's a plug in hybrid at the same time, in addition to the vw. but this is again, a plug in pie bring the, so electricity is a big deal in detroit. >> that's what we brought here, debuted the production version, of the car behind me. we continue that here. it's a vehicle that solve it is equation that so many electricity buyers are frustrated by, which is a combination of range and price. the vehicle behind me, over 200 miles of pure range, in addition to that, at a price point under $30,000, that's after federal tax credit. it's not just a great electric vehicle, but in general. with new technology. one is surround vision, it stitches together a picture of four distinct cameras, to look at the surroundings around you, and a rear mirror camera. it replaces the mirror with a camera to, look behind me, unobject instructed purple for a purpose -- unobstructed. >> that's phenomenal. fun car to drive. gas prices seem to be falling, will this affect the electric car sales? >> you know, the prices are always going to fluctuate. these manufacturers that

else to do. >> you know, it was just a couple weeks ago that we aired a story about the number of lawsuits against vw over the dirty diesel. we asked for a comment and they reiterated what they told us before, they do not comment on pending litigation. >> thank you, jackie. >>> how would you like to see that in your backyard pool? a homeowner in an area of key west, florida found this 9-foot- his swimming pool. the sheriff's office and wildlife officers were called out. they were able to remove the reptile and return him to his natural habitat. >>> we're getting a look at the museum new exhibit. staffers tell us it highlights the relationship between walt disney and salvador dolly. it features everything from paintings to car r. archived films and photographs. the new exhibit will be open on saturday and it will run through june 12th. >>> now the most accurate weather team in florida, abc action weather. hoping it's june 12th after the weather we're going to get this weekend. >> it will be a raw saturday. before we even get to that, we will be dodging severe storms starting tomorrow morning. then you

. >> before the vw just talked about, your office put out a press release. your banning the future sales of a specific type of assault rifle. does that square with your general posture on the issue. >> i've taken steps necessary to protect second amendment rights in new jersey. >> there has to be a peaceful resolution to this issue. the balance you try to reach in situations like this is to let folks know that the loss reinforced and followed. but he also tried to do so without the loss of any life. tried to do as governor and i think that's what most responsible people try to do as well. john: we are back with governor chris christie of new jersey, who is in new hampshire right now. speaking of new hampshire, governor, you're not doing too badly in the polls there these days. let me ask you this. if you could name an issue where you are out of step with the conservative base of the republican party. mr. christie: i don't think i am out of step with the conservative base. john: on not one issue? mr. christie: i don't know what you are looking for, but no, i a

ralph nader: one of the criticisms of the vw and the corvair was that they had difficulty withstanding some of these trucks rushing past them. i once saw a vw bugle blowing off the road by a truck on the pennsylvania turnpike. we are in a struggle with the truck lobby, that wants to allow 3 rigs in all the lanes. they are going to lose that, but they will not lose it anymore. next year they are going to end up where they are now. 14 states allow 3 rigs, most of them out west. they want the entire united states to allow this. mind you, the vehicle stopping distance of big trucks is really frightening. if you have a big truck coming after you, and both of you are going at 60 miles per hour and have to stop look out. the department of transportation tried to issue a strong big truck rake standard in the 1970's -- truck brake standard in the 1970's in the courts and were defeated. they know their truck brakes are inadequate. now they want 3 in a row. they wants to be like trains on the highway. thee spray from the back, they are supposed to have these flaps, but that does not help from the

the u.s. is determined to make use of vw's misconduct and to further weaken vw's position in the u.s. that is a controversial statement clearly. our own auto reporter phil lebeau has suggested within the last hour of the program that vw doesn't have much of a position here in the united states, selling under its own brand roughly 300,000 cars last year in a market of 40 million or 50 million. vw's coo and the head of brand are on their way here to talk at cs, to talk in detroit, and to lobby politicians over the next few days. back to you. >> we'll be watching for that. simon, thanks. >>> shares of alibaba, meanwhile, reversing course. seeing some is gains earlier today. right now the stock is up more than 1%. that, of course, follows yesterday's 7% slide. stocks in asia, however, they have been pretty volatile in the session. opening lower. now you can see they closed about a quarter of a percent lower in shanghai. >> when you see them pumping -- it's really hard to tell the difference. what would you tell us now? >> well, i think -- look, i think you have to look at china's economy

guy: that would fit with the vw story. around -- thecked grand got knocked around. japan was close. it on the head, what happened was very early in the asian session. liquidityo japanese being that it is a public holiday there. reversed a chunk of those, but it was down to pretty poor liquidity. it is going to continue to be interesting. the overarching risk sentiment tonebe what will set the good going into the bank of seennd this week, we have where theyt week outperformed u.s. treasuries and bunds.- and of a late 2016 lift off are below one and three now. priced for inully november lift off. guy: how much of that is economics? big concern is the global environment. volatility, market dispense are looking at the bank and saying it is going to be difficult for them to hike anytime soon. guy: look at what it is doing to its currency. it is going to be hard to say we got an inflation problem. richard: the interesting thing for friday's payroll number was that you look at the headline number, it was a pretty good figure. you look at the hourly earnings, they were flat. that is going to

. : the head of vw brand has apologized to the american people or the emissions scandal.e was speaking at the consumer electronics show in las vegas. >> the current issues with the engines are nothing to be proud of. we disappointed our customers and the american people, for which i am truly sorry and for which i apologize. caroline: apple suppliers have fallen after nikkei a review reported the company would reduce their first-quarter output of iphones by about 30%. the smartphones, which debuted in september, have piled up at retailers in china and europe. matheson, whod -- helped build credit squeeze into an electronic trading powerhouse, plans to leave the bank at the end of the month. he recently served as head of u.s. equity trading. that is your boom -- your bloomberg business flash. bankis the era of central and eventually coming to an end? mohamed el-erian, here is what he said. "much will depend on how policymakers in the private sector respond in the coming months. regardless, investors need to be a lot more nimble because they would be navigating an increasing

the federal government is taking vw to court after the company admitted to installing software in some of its cars to cheat on emissions tests. the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >>> with tuesday trading already underway, asian markets are fairly flat. the shanghai is up a third of a%. that follow $monday's terrible start to 2016. as al jazeera's correspondent reports, global investors are closely watching china where stocks fell almost 7% on monday before trading was suspended. >> reporter: the do you jones industrial average closed down 276 points. its worst annual kick-off in eight years. as markets around the globe tanked over fresh evidence that china's

strength and athleticism emerge with performing arts as the vw brings the royal rumble to the amway center . 30 the biggest scariest and intimidating wrestlers in the business and put them in the ring at the same time and they battle it out last one standing winds. that sounds intense. central florida auto aficionados are in paradise kissimmee auction continues through sunday at osceola heritage park. an estimated 3000 american muscle cars restored classics and hot rods along with 1500 pieces of art and memorabilia. it will cross the auction block. >> it prides itself on being considered the auction for everyman so to speak. there's something for everyone. >> imagine seeing giant ants as long as 25 feet and a 12 foot spider in its wet. sounds scary. art exhibit. outdoor exhibit big bugs. the exhibit includes 10 larger- than-life insects made from all natural materials such as wood, david rogers. connect with your favorite animals and more ways than ever during while days as he rounded the theme for this saturday and sunday is penguin lovers weekend. it features nationally julie scardina. g

justice department is suing, violations of the clean air act. last september vw's admitted to fitting so-called defeat devices in 11 million cars. the company could face fines exceeding $90 billion in the

the show, mh 17. citizen journalists. and u.s. authorities are suing vw for the commission's scandal for a total bill that could be as high as $90 billion. -- for the emissions scandal. i am phil. welcome to the show. meeting for crisis talks after a report of a series of robberies and sexual assaults on new year's eve, carried out by a group of up to 1000 men, and they are calling this a completely new dimension of crime. >> the mayor of cologne brought together people for an emergency summit. their message was clear. everyone should be able to party in cologne in safety, and they announced immediate measures. the steps include providing interpreters, and we also plan to set up a coordination body, as well as improving lighting and introducing mobile cctv units. new year's eve saw a spate of sexual assaults at the main cologne station. police have so far received 90 complaints, including theft and violent attacks. there were others from hamburg. >> we cannot tolerate the kind of behavior we have seen at cologne central station and elsewhere in germany. t

i-66. 50 as well as the vw parkway, and you have to take it easy and be careful of out there the trafficmera, and that is affecting not only commuters in this part of town but also in town as well. waterside drive remains closed from rock creek parkway and mass avenue, and once you get into town, areas like pea street at 23rd seeing significant snow. ice certainly a factor. let's go to the map to let you know what is going on on metro. we talked about limited service on the rails and the buses today, and only service on the red, orange, and green lines for stations underneath or underground rather. another update shortly over to you. >>> thank you. still to come, blizzard reports from fairfax county and the district. >>> we will tell you why southern china is under the se >>> welcome back. a live look at the capitol, and what a beautiful sunrise over washington, dc. again it's cold this morning. 19degrees. we are tracking road conditions and we will have the latest coming up, but first -- ♪ [music] ♪ ♪ and now we're not. i wish you would tell me why, do you wanna build a snow fisherman -

the epa. there are also criminal investigations. and vw has yet to find a fix for roughly 500,000 diesel models in the u.s. that are putting out too much pollution. on top of that, vw dealers are stuck with scores of diesel models they can't sell. last month, volkswagen's u.s. sales plunged 9.1%, and they dropped more than 4% in 2015, while the rest of the auto industry had a record year in the u.s. >> the diesel issue, for sure, damaged us here, and it was a setback for us. we can't dispute that. our dealership is fighting hard against it, and they're really doing a fantastic job. also, i think our sales organizations are doing a fantastic job. i think once we sorted the diesel issue, i think we have a wonderful future in the united states. >> that future, according to volkswagen, will include more electric models with more connectivity and features like instrument panels operated through gestures and voice commands. cool ideas the company put into the bud-e electric microbusus concept vehicle, which could go 373 miles fully charged. but

we did see volkswagen drop nearly 4% on news of the civil suit in the united states but today the vw brand chief giving confidence that they're moving closer to a recall fix in the united states. let's take a look at the markets here one by one. as you can see all major markets in the red. the ftse 100 off by 0.8%. a similar story and the french cac 40 off about 0.8% as well with the ftse mib. this despite strong data on the european pmi figures. focus continuing to be on china. falling to a record low down more than 1% against the dollar in london trade. this comes after the pboc lowered the chinese currency fix to the lowest level since april of 2011 but the shanghai composite closed more than 2% higher today following state media reports that the ban on share selling which was due on friday will remain in place temporarily. this despite the latest pmi showing the sector growing at the slowest pace in 17 months. let's get out to sri who is in singapore. great to see you. we are seeing some what of a relief here after the comments and the reports that the share selling ban could be r

we get minutes from the fed later. vw shares are rising for the first day in four. yes, we had u.s. sales falling 5.9% in december. and this is brent crude. coming close. falling to the lowest level since july 2004. data later that should show that stockpiles rose again. analysts protecting that crude, fallrent, but crude could near $30 a barrel this year. the strength index tells us that crude is not oversold. certainly busy. quite a lot of reports out and to saying that oil could go $30 a barrel. north korea says it has conducted its fourth nuclear test. detonating a hydrogen bomb. the move marks a setback for the u.s. and chinese efforts to convince the leader to re-taught -- to restart the talks. increasinglyk as the day wore on, nuclear scientists were questioning the veracity of the claim mainly because the magnitude that was registered from the explosion really was not enough to indicate a hydrogen bomb. as they explained to us, hydrogen bomb you need several atomic bombs to explode and trigger it. and what they found with the seismic wave that came from the earthquake caused

yesterday, the state of california, where the greatest number of vws are driven rejected the company's recall plan saying it's just not enough. there's a lot at stake here. vw sails have plummeted since september when the story came to light about the on-board software that cheats emissionings tests and the automaker has already offered hundreds of millions of dollars in compensation to the owners of those 580,000 vehicles. so we'll see if the epa biles into this recall plan. >>> all right. let's talk about this, if you do happen to win the powerball drawing tonight of $1.5 billion. you're the single winner, the most important decision you will have to make is whether to take the lump sum up front or the annual payments in the annuity over the next 30 years. just know if you take the lump sum, the gross amount is not 1.5 billion, it would be 940 roughly 675 million after taxes. if you take the annuity, you get all $1.5 billion in annual payments of roughly $22 million a year before taxes. and unlike most annuities, the payments do not stop if you die before all the money has been paid.

the market in shanghai finishing softer. vw sued. l hit carmaker faces billions of dollars of penalties from the u.s. justice department. the eurozone inflation data due out this morning set to show just how far the ecb is from meeting its inflation mandate. jon: ahead of the open, futures open and germany and frankfurt, dax futures up. a big selloff yesterday. this is the calm after the market storm but let's cross over to caroline hyde for your market open all stop >> you said it. $590 billion wiped off a chinese stocks yesterday. that is equivalent to the entire annual gdp. it's bigger than that. lostrday the stock 600 about a quarter of a trillion euros for market for you patience. ftse 100 up by about 4.7%. a slight bounce back. that really wasn't the case and you're looking at asia and you will be digging into asia with the reports out there and a moment. money at are throwing the situation, china trying to steady the ship. trying to store money. still it is a sea of red. we are warming up and seeing green in european stocks. me

the military. alison: new trouble for vw, being sued now by the epa and justice department. accuse vw of cheating on a missions tests -- on emissions tests. vw admitted its diesel cars had he legal software installed to cheat the omissions tests. the company is not commenting on the lawsuit. it just a matter of moments, they were gone. fans snapped up tickets to see the redskins' playoff game at fedex field, hosting the packers sunday. the game sold out in less time than it takes to play a quarter. ticket brokers say expect to spend no less than $125. if you want a decent seat, make that $250. go up, but don't worry, if you don't have tickets yet, tune into "good morning washington" thursday morning. you will have a chance to win them. alison: and it might be raining? steve: yeah, showers, upper 40's, near 50 degrees. but itt it is not snow, is not 70. it is wintertime in washington. alison: exactly. leon: as long as they are in the playoffs, we will take it. 20 degrees at reagan national, it is cold and only getting colder overnight. 38 was the high earlier today, 73 was the

head of the vw brand will address ces and then on to detroit. st night the doj filed this suit, potentially $90 billion in damages. nobody thinks it will get that far, but it's a big number. there's a house in europe today that put volkswagen on the sell recommendation, specifically because they believe that the authorities in this country will use what vw did wrong to weaken its position in the north american automotive market. is that a shared belief among executives that you talked to? >> no. >> in an environment where tesla is writing letters suggesting they should be forced to do electric car manufacturing. >> i don't believe the regulators will use volkswagen, what's happened there in order to weaken volkswagen in the north american market. because volkswagen is not really a player in the north american market. their sales here are about 300,000, 400,000. that's in a market of 17.5 million. they never got their act together in north america. that doesn't dismiss what's being alleged in terms of the emissions fraud. i think the reason you'll