pooling resources and gains for both of them what are their particular motivations volkswagen and ford. i think for volkswagen number one for the still relatively new chief executive officer how about these is to bring costs down he sees that is the major problem of the whole volkswagen group because of the notorious lack of profit profitability at the volkswagen brand it's way below the goals that have been set for years but we're never met and he sees probably this is one way to get ahead on that and for ford catch up game to general motors or one of the motivations and looking for an investor for itself driving you know argo and v.w. apparently considering entering into that so there are plenty of motivations on both sides so potential benefits there for both companies wait to see what happens there for us in frankfurt thank you really. a court in germany will decide today whether clothing retailer keke can face a lawsuit for damages from a massive fire that occurred seven years ago at a factory in pakistan that factory was one of the company's key suppliers hundreds of people were

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like volkswagen fiat chrysler has fallen foul of u.s. authorities in the diesel emissions scandal and is now due to pay more than $515 million in settlement. the u.s. italian company is accused of using illegal softwarere in more than 100,000 of its jeep cherokee s.u.v.'s and ram pick oims. it however denies any wrongdoing. the settlement is a far cry from volkswagen'n's. the german auto maker hasas already paid d re than $20 billion in the u.s. alone. meanwhile fiat chrysler says it will issue an emissions recall for the affected vehicles but will not offer to buy them back. our d.w. correspondent has been following the story for us in washington. it's good to see you. let's start with the basics. this all sounds very much like volkswagen's dieselgate scandal where the company as we know used illegal software to alter emission levels. why is fiat chrysler's settlement so much lower? reporter: a lot of this has to do with the volume of cars. in the u.s. fiat chrysler sells far fewer diesel cars than volkswagen and diesel cars are far les

volkswagen's ceo said, quote, the u.s. is one of the most important locations for us and producing electric cars in chattanooga is a key part of our growth strategy in north america. volkswagen says new jobs and production of electric cars should begin in 2022. we talked to executives in the auto industry, it is all le electric. they are worried that the industry is changing faster the next ten years than it has in all of the history until now, the automobile. >> speeding forward. >>> there are big ramifications for today's brexit vote by british lawmakers. how will the uk exit the eu? and will mair kewill theresa ma job? we're live at 10 downing ahead. s before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why...medicare part b doesn't pay for everything. this part is up to you. a medicare supplement plan helps pay for some of wh

and that was only bards for us in frankfurt now staying in the auto world like volkswagen before it chrysler has fallen afoul of us authorities in the diesel diesel emissions candle it's now due to pay more than seven hundred million dollars in a settlement the u.s. italian carmakers accused of using illegal software and more than one hundred thousand of its jeep cherokee s.u.v.s and ram pickups it however denies any wrongdoing and settlement is a far cry from volkswagens the german automaker has already paid more than twenty billion dollars in the u.s. alone meanwhile fia chrysler says it will issue an emissions recall for the affected vehicles but will not offer to buy them back. now in europe in romania a series of minimum wage hikes including one this year have lifted consumption and boost growth the downside businesses are finding it hard to compete overseas now they're looking for solutions in every possible corner. high and printed circuit boards are an important component in self driving cars only a handful of companies around the world manufacture them among them is how reyes the ge

di miller and porsche are all big names that you won't see at the auto show this year volkswagen was the only german car maker that bother to show up it could be a sign that the germans don't think detroit is worth coming to any more but it's hard to deny the politics also plays a role. here. at volkswagen's press conference this year the emphasis was on investment and job creation in the u.s. . but all of us feel w. c.e.o. headbutt d.s. even brought the outgoing governor of tennessee on stage to talk about the w.'s found relationship with middle america. all this in the face of difficult and unresolved economic questions over tariffs and trade. two thousand and thirteen will be another year of challenges for us in these days of all the wars involved look at all the teams and economic. markets have been particularly jumpy when it comes to chinese cars in the back. fourth of our car tariffs g.a.c. was the only chinese manufacturer at the show and maybe this uncertainty that's keeping automakers away those who do choose to show are putting a brave face on it so i can't speak to the oth

practically they've been restored by carlos go on and they are selling more cars per year than volkswagen so that's what's at stake and that's why people some people here say because that's at stake because there was a power play going on between france and japan and carlos goannas sort of caught in the middle and a lot of people don't really believe he's as guilty as the courts make him. as far as the preferred stock exchange thank you very much. reporter michael penn was at the press conference held by guns lawyers following the court proceedings i asked him if there was anything fishy about the case i think that least among the no one journalists who've been covering this all of our sort of alarm bells are going off in our heads because this doesn't there's something about this case doesn't seem right it's not the way the total corporates case is and you can normally handle so for example in a company find some sort of wrongdoing by the chairman or an executive normally the way this would be dealt with as they go to that person and say oh well you need to fix the situation this could b

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volkswagen is not the volkswagen that we know.hat, it is the auto company of the world. called in to straighten it out is the chief executive officer and mechanical engineer. time driving around the world economic forum in these gorgeous vw eight share vans and buses. the united states wants to keep your product, your vans, your trucks out of america. how are we going to get the advantage of what i am driving around in davos and get more of those trucks into america? we don't exporting, export those trucks because the market was small. the next generation electric, we collect id the microbus, which was very successful in the 60's. we will bring less product 2022, 2023. do you need on tariff relief to get some of their products more into the united states? ert: today, we have very low tariffs for import to the united states. we have the manufacturing base in the united states and we are increasing that and doing everything we can to avoid tariffs. think we are making progress. we just announced an it hundred million dollars investm

that's just volkswagen, ford, general motors. toyotas american ceo says we are going to have too many electric cars in a couple of years. it will be a long time before they take over. that's why toyota is not going all in. >> to anything sometimes are too tough on tesla. i'm going to devil's advocate. they are founded in 2003, have been in business 15 years. it takes time for any automobile manufacturer to establish itself. gary brought up problems with distribution, but that's an easily solved problem once you have the product to a price point and design place that people want. i think we need to give tesla more time. >> it's a problem they created themselves. they did not have to build a $35000 car. they could have became a profitable company. and then held off until they were making money elon musk wants to change the world into it now. and they are living on the edge. >> we did not give john a lot of time. >> this guy has had a lot of time and money. >> the whole viability. i question if you can make a nice car for that much.

not just on china, there are focusing on volkswagen and a possible partnership. ceo is basically saying they have to do this. because there's going to be a change in the old and the new, and they don't have to sell the brand. there is the high cost of competition and they have to make things to scale. volkswagen ceo saying even though sales have been falling. >> we know the narrative we have been talking about the past several months and years. it's a bit of a head scratcher. we know the decline in auto sales and car sales is happening. it does make sense. steve carlisle did say if folks are leaving, if everyone leaves the there's actually opportunity if you stay in the game. >> we are launching the facade, as you know. 1.9 million vehicles. vehicles's entire car markets in many countries. of sedans, weory are a german engineering company. to it. to stick yes the market is tight, yes it's declining, but we think there's good opportunity there. >> blue folks -- volkswagen ceo there. he did point out the fact that the whole entire stock -- whole and entire market,

>> volkswagen has a phenomenal global footprint.ve success scale in china and europe with a 20 percent market share in these places, so we have the ability to fund the business. you have seen that upwards of $34 billion to fund that future. that's a huge thing where we will probably scale a successful company that can invest in the u.s. as well. i anticipate local production of an electric vehicle is something we will be announcing soon and it's an exciting opportunity. david: what about coproduction? vw making cars were ford, but maybe not limited to europe. is there a possibility afford making cars for bw in the united states? >> we are looking to be smart. the customer cares about a beautiful car at a great price with great technology. if we can manage the cost and the complexity and handle it with a partner, it's a smart thing to look at. we have a good history with ford, we have done some great partnerships in south america and europe. i'm not sure what will come from the announcement, but if we can do it, let's make sense, we

di miller and porsche are all big names that you won't see at the auto show this year volkswagen was the only german car maker that bother to show up it could be a sign that the germans don't think detroit is worth coming here anymore but it's hard to deny the politics also plays a role. here. at fault. wagon's press conference this year the emphasis was on investment and job creation in the u.s. . but all of the dot c.e.o. habit d.s. even brought the outgoing governor of tennessee on stage to talk about v.w. is fond relationship with middle america. i all this in the face of difficult and unresolved economic questions over tariffs and trade. two thousand and thirteen will be another real challenges for us in the face of all the wars involved local politics and economics. markets have been particularly jumpy when it comes to chinese cars in the back and forth over car tariffs g.a.c. was the only chinese manufacturer at the show and maybe this uncertainty that's keeping auto makers away those who do choose to show are putting a brave face on it so i can't speak to the other brands i c

joining us now is the head of sales for volkswagen passenger cars.u for giving bloomberg a little bit of your time. china has reported the first auto market contraction in 20 years. of that make you nervous about the strength of the chinese consumer? first of all, i think the 2018 result shows that we have been able to compensate some of the incurred weakness of the chinese market, which it started to appear in the second half of imports.to strong we were quite happy that our position was strong. we are sure and positive that our position in china was meant to strengthen even further in the years to come. francine: what do you expect for and is then china, slow down because of trade or something much more deep-rooted? years of steady ,rowth in the chinese market 60% of all buyers of new cars are first-time buyers. there is a huge underlying demand potential in china. where very optimistic that there is an increasing slow down attention between the u.s. and china, creating some nervousness in the chinese market. where optimistic the chinese recovery w

practically they've been restored by carlos go on and they are selling more cars per year than volkswagen so that's what's at stake and that's why people some people here say because that's at stake because it was a power play going on between france and japan and carlos goannas sort of caught in the middle and a lot of people don't really believe he's as guilty as the courts make him believe as far as the preferred stock exchange thank you very much. samsung delivered grim earnings figures on shoes day as it looked a big drop in profits they were down by nearly one third in the last quarter it's the first profit drop in two years south koreans profit make the is now facing tough chinese competition while demand for its components has softened trade tensions between the u.s. and china samsung also warns that business this for one live up to its earlier projections. samsung has mungo's companies strutting their stuff at the consumer electronics show which kicks off today with a b self driving self rolling also walking it's all there in las vegas and as it has been the trend in recent years

audi is owned by volkswagen.kswagen pleaded guilty to criminal charges in the scandal and will pay more than $30 billion. >>> and if you like oreos, you might love this one -- social media posts say oreos' new most-stuffed cookie is on store shelves. the limited edition cookie contains at least triple the usual cream filling of a regular oreo. it has reportedly been found in rite-aid stores. the package says each cookie is 110 calories. that's not counting the glass of milk you'll have with it. anne-marie? >> no problem, i'll just eat it on the treadmill. calories in, calories out. >> walk it off. >> diane king hall at the new york stock exchange, thank you, diane. happy friday. >> all right. happy friday. >>> still ahead, galloping away with tradition. fearless horses in spain take part in a bonfire ceremony. part in a bonfire ceremony. introducing the new ww. weightwatchers reimagined. freestyle is our most liveable program ever. for every body who wants the freedom to eat what they love and still lose weight f

the world famous volkswagen beatle. seven decades of name recognition.ll be the last one, at least for now. that was the color i had, yellow. the volkswagen taura suv will disappear in the u.s. but will remain in foreign markets. and good-bye to the taurus. at one point it was one of the most popular cars in america but now large cars are falling out of favor. ford also eliminating its compact focus as it shifts attention to suvs and trucks. the plug-in hybrided for c max had a strong run but then fizzled. just like the taurus, the chevg r chevrolet impala fell victim to the downfall of large sedans. the chevy cruz was killed off because of plunging compact sedan sales. the plug-in hybrid chevy volt never lived up to sales expectations. and it doesn't stop there. you'll no longer be able to buy the nissan juke this year. it was kind of quirky. a sub compact crossover. never did well with buyers. and the compact hybrid honda crv is a victim of bad timing. entering the market as hybrid sales were falling. the hiyundai zadara never gaine traction. and say g

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the likes of ford, general motors and volkswagen are under pressure from a global economic slowdown andhe change to electric so what they can do to keep us buying cars? also in the programme more signs of that slowdown from china. the latest trade numbers show slowing exports for the world's second biggest economy. the european war and it's not looking good. —— the european markets are open. the do it yourself cosmestics that have turned into a growing business — we'll find out how two friends have turned their african beauty secrets into a money—maker. cathay pacific has accidently sold first class airfares at economy prices for the second time in a month. today we want to know about the best bargain you have ever come across. let us know — just use the hashtag bbcbizlive hello and welcome to business live. going to be a very busy week this week. we start in the us where the hugely anticipated detroit motor show is just hours away from opening its doors. it's massive — attracting the great and the good of the global industry hoping to wow us with their latest designs and innovations an

we will speak to the ceos of some of europe's biggest of these, like volkswagen.s those questions live from the world economic forum in aptos -- davos. anna: a very good morning. makingn equity markets modest gains pared let's get back to davos. -- francine lacqua is joined by our guest. we are joined by the chief executive of their group. a lot of the focus is on european economies, on france, germany, their growth forecasts. a lot of focus on italy. what does italy need now? it is affecting the national economy, so slowing down on germany, on trade. exporter, so now we have to focus on investment. down.ments are going i see the government has to create the conditions to enhance in the power investment. this is the only way to create jobs and more. francine: what is more crucial, making people feel included or is it investment from businesses? do need to boost the business committee first? they needed to face poverty and inequality, now the focus andld be on competitiveness the corporate being sure they can invest well in italy. fineegular framework is and there

what greater manchester police have told us as they believe a volkswagen golf, a grey volkswagen golfy are asking anyone who may have seen the driver of that car to get in touch with them. or, if they have any footage, any dash cam footage, to hand out on to police as well. police say they passed their condolences onto the family at this unimaginably difficult time. fiona, many thanks. the number of people killed in a gas explosion yesterday in paris has risen to four, according to investigators. rescuers pulled the body of a woman from the rubble of the bakery in the centre of the city. two firefighters and a tourist from spain were also killed, with dozens injured and nearby apartments badly damaged. three men have been killed in an avalanche near the austrian ski resort of lech, as heavy snowfall continues to bring parts of northern europe to a standstill. austria has seen record snowfall, with more forecast for the weekend. soldiers, firefighters, and volunteers have been battling to clear blocked roads and rooftops during breaks in the weather. kathryn stanczyszyn reports. this p

chrysler simply sells far fewer diesel cars than volkswagen does and diesel cars are far less common in the us than they are elsewhere in the world the number of cars being recalled is also far less than what you had to deal with i think v.w. had to recall or even buy back six hundred thousand cars and chrysler will only have to take back around one hundred thousand but it's also there's a very different way that the scandal affected both these companies whereas if you w. the it was the top executives who were aware of this cheating software that was part of their cars and they specifically built this software to circumvent testing and make it look like they were pushing down emissions when in fact they weren't at chrysler in fact what it was was the company that makes the software that regulates these things in cars bosch just snuck of the software into the cars out chrysler knowing which is part of the reason why they're there pleading not guilty they're found out guilty and prosecutors are not pushing further with this but let's talk about the customers because we know as you ment

now for another carmaker volkswagen became the world's top auto maker by selling internal combustion engine vehicles but has big ambitions for electric vehicles of course there are hurdles to overcome and my colleague of mine whale acosta claridge caught up with company c.e.o. have a tease today at the world economic forum in davos to ask about just one of those problems the lack of investment in batteries. have at this the french minister and the german minister say both sets here in davos that yvon to push for production of eat better east in europe but we think about the idea i think there is a very positively because i'm just coming from this morning's meeting touching on electric cars and i think it's ruled by a very positive sentiment about it so that we will see many electric cars on the road starting twenty twenty all over the world or in many countries of the. i would say even that charging networks will be the in a few years time also worldwide the biggest constraints might be better respect resales because investment being necessary there is huge and the only have. basical

volkswagen.they have a big announcement on a joint venture for autonomous vehicles over the weekend? craig: yes. volkswagen will meet tomorrow with their board. we do expect it is likely they will have something to say about electric vehicles and autonomous vehicles. that could include an investment ai, the company that ford has backed. david: many thanks to bloomberg's craig trudell. also with us is sean darby of jefferies. do you like auto? sean: it is not our favorite at the moment. generally, we think the banks and e.m. beneficiaries will do well over the next few months. germany for the auto industry is actually quite low, so i prefer something, it was more cyclical, where you can have quite the substantial operating leverage and some of the construction equipment companies, big beneficiaries of e.m. banks are completely being decimated on recession fears, and i think that will play itself out over the next 12 months. alix: what about energy? sean: i like energy. it has got some of the best

the ceo of volkswagen saying they are going to harness -- to boost competitiveness.ng that could be in the three digit million sort of range. it is a responded to a new entrance in the market, talking about the likes of google and tesla. if you take a look at the stock move today, that might give you your answer. he probably should not be worried while ford is taking on the news and volkswagen's move higher is a little bit less than what it was earlier. tesla still around 3.5% right now. vw haveth ford and promised -- it is so interesting they are putting all rivalries aside to work together on this. it is amazing how to enemies can become alliances. emma: i think as traditional carmakers, they seem like a perfect fit. you can see why they are going to a during this. vw wants it done well in china. it has struggled to grow its brand in china. accounting for just 5.7% of their sales last year. ford is seeing losses in europe. canink this idea that they work together and build up sales in each other's main market is a good thing. guy: great stuff. we are to continue ou

marketing though you're right on that basically it's public relations because all the things that volkswagen wants to establish aren't there yet but if it does it right and if it does with a lot of drive then it will be part of answering all those questions that people who are skeptical of a car is have about the whole concept where do you charge is the energy that i'm putting into the car really clean how do i pay for it and how is the infrastructure going to look at folks who are going to make the go with that then it will be her. give an answer to putting the cars on the road. and before we go germany is the best place for a career as an ex-pat according to the latest h.s.b.c. ex-pat explorer survey which ranks countries based on various criteria they include finance career progression work life balance and quality of life europe's largest economy moved up from third place last year to the top twenty nineteen list the top five was rounded up by the brain the u.k. they u.a.e. and switzerland germany which faces a lack of skilled labor top the list because it offers more career opportunitie

ford is restructuring its operations this year with thousands ofjob cuts, an alliance with volkswagenctor has told the bbc he was made a scapegoat for the 2014 accounting scandal that wiped more than a billion dollars off the compa ny‘s value. carl rogberg was cleared on wednesday of fraud and false accounting. a second trial involving the retail giant's former uk boss and commercial director collapsed last month after a judge ruled the evidence was too weak to put before the jury. real madrid has topped the table of the world's 20 richest football clubs by revenue, displacing manchester united — according to consultants deloitte. united slipped to third in the money league behind barcelona — but a record six english premier league clubs made the top 10. —— and now — what's trending in the business news this morning. from business insider — the $60 million privatejets that fly business leaders to davos for the world economic forum. it claims some 1,500 private jets will travel to the forum this year — up from 1,300 last year. wef disputes the figures. 0n the wall street journal, digit

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volkswagen and audi except during britain suddenly putting one hundred percent tariff on their cars that turn around the chancellor and say no real want a deal to mark same with a french wine producers or italian wine producers it's not since there will be a trade deal no matter what that's the firm belief of the sleeve campaign us but what's most important to them britain needs to get out and fast than anything else in monster trail. so many strong views on both sides as we heard in your report a big factor recently in a speech earlier today talked about a letter she got from elitist what did that letter contain. well in the latter the e.u. leaders said again what they have more or less said before they said it was a clarification and they said that the. one to have the northern irish question only in place and the so-called back to which is a resolution if there cannot be found a very quick free trade deal then there's the question of what happens to northern ireland and they say they want to have the so-called backstop in place only as long as necessary to reason may has acknowledged

. >> the front of a volkswagen. and now, it is a lot easier. the technology is better.ou are plugging in your porsche. jason: and demand is huge. years,he last three companies we talked to say they are getting demand from all over the world. we spoke with a , apany in wales and in japan lot of different companies are doing this. someone took a volkswagen bug and it was converted and it went from 40 horsepower up to 400. >> we wondered if it was safe? carol: did the car start to disintegrate? >> you're just dealing with the motor and the axles. retrofitted to be safe and they are actually more nimble now. that old beadle did not have -- beetle did not have the ability to pull more quickly onto the highway but now it well. jason: and a lot quieter. talking about someone pulling up next to one of those cars, anyone that has been next to a beetle in the old days and it is super loud. now it glides through. carol: what does it cost? to 100an cost up thousand dollars depending on the car but a lot of people we spoke to are doing it in the $10,000 range. carol: what was fascin

was supposed to be a big industry announcement touting the groundbreaking new partnership between volkswagen and ford but the unspoken name in the room was tesla a relative newcomer on the scene who's not showing in detroit but who nonetheless has disrupted the market so much so that now these two big industry heavyweights feel the need to collaborate to try to take them down the ford c.e.o. declined to call out any other brands or even put a timeline on the development of electric cars saying they want to preserve their advantage while they're still a venting but when two big brands like this have to collaborate against you you know you're doing something right. u.s. corus want to trade it that now german air force are mostly out of commission on she's day as security staff stage strikes over pay hundreds of national and international flights were cancelled at eight german efforts including the country's busiest help frankfurt international at least two hundred twenty thousand travelers were hit by cancellations and delays with security staff demanding a pay rise. on the display board it's

export that nation like germany for example it is actually important i mean take a company such as volkswagen that i think is up to forty percent of its revenues being directly and indirectly depending from from china even siemens involved ten percent of this so it's very. for a country such as germany but since the quality and the way how the chinese economy shall develop in the next ten years will be changing it will open up advantages and challenges for countries such as germany take the electrified and autonomous contracting systems i mean china and that's the good thing it was a state owned state controlled country has basically ordered that it has to be changed and there are options and opportunities for all these countries who can do so and china has never been good in inventing new things very good at copying intellectual capital so there are many many options and advantages for countries such as germany with its car industry with the u.s. and other parts of the industry so it's very important but there are a lot of opportunities and right there relatively optimistic view there of doc

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. >> volkswagen and ford just announced their own collaboration. did that get out in front of you does that change your support in any way. >> not at all. i believe that ford's interest in us is in filling some of the gaps they have in terms of frug ill innovation, low cost products, ability to market in emerging countries those are the kinds of needs that we feel which volkswagen cut. i think ford is right in being eclectic and looking anywhere it can for finding value. >> looking for broadly at your global manufacturing footprint, how concerned are you that the texts between the u.s. and china haven't been resolved, or are you growing a bit more optimistic that a deal has been reached? >> i'm beginning to sound like i'm addicted terminally to optimism i hate to say this, because i don't want to sound like somebody profiting from what is essentially not a great situation, not trade wars, but think about it don't you think india could actually benefit from tensions amid china >> haven't they already? >> i think they probably have. people are alread