volkswagen is on a mission to defend its place among the top vehicle producers worldwide and china is where v.w. had seen the most growth in recent years as market shares for electric vehicles grow volkswagen the biggest car producer in china wants to go farther or at least it once its customers too with the 580 kilometer range in its id 6 full electric s.u.v. . here folks. volkswagen has the good old tradition of coming a bit late but with more intensity and as probably the case with the mobility as well. the shanghai are. among the biggest car exhibitions in the world and it's back despite the pandemic and so is china's car market the fresh water of the she assault charge some companies even reported their best results in decades but the market is changing as pure electric vehicles in china is still low but it is growing the german car makers and other international comic has to have something work to do in. the market is dominated by startups neil has won praise for its autonomy driving features it's presenting a new sports car that promises a range of up to 1000 kilometers that's

one of the headlines it's already coming out of the show is volkswagen being forced to once again defend its plant and sheen john in china what is the company saying well the company is 1st of all saying that they have no 4 they have they are sure that they have no forced labor in their factory there because they hire everybody themselves and they are also pretty confident that they don't have forced labor in their supply chain folks i'm defending this this factory as being motivated the decision to build a factory in a room she 3000 kilometers from where for example the the suppliers are as being motivated by pure economic reasons that is something that most people in the industry doubt most people most inside is are pretty sure that there was a deal that the chinese government wanted them to build this plant and in exchange for another plant that they wanted but folks denies this and says it is a pure economic decision economically however this this factory is not viable capacity or 50000 cars which is not a lot for folks watching in china has never been reached we are less than they a

volkswagen warning of a big production hit due to the shortage and according to "the financial times" the head of the car maker's spanish brand managers are warned to brace for a bigger hit in the second quarter than the first because the chip shortage is not getting any better. with your cnbc morning business report, i'm brian sullivan. >>> 4:43, coming up next on "today in the bay," finding an affordable home is getting pretty tough, as many struggle to make it in the bay. what experts say is driving home prices up even higher. >>> good monday morning. taking a peek outside as we wait for the sun's arrival, overlooking the east bay. good morning, walnut creek. i hope everybody's coming off a great weekend. it's nice to get a little extra rest and now revved up for the new work week. we'll check in with mike for that light morning commute. it's early, 4:47. we're up early. >>> kari, how is the forecast looking in. >> looks pretty good today even though we didn't get as much rain as we hoped for. as we take a live look in walnut creek we're left with a few clouds here and as you get r

now their stock rose 700 percent last year they're worth more than the big 3 german automakers volkswagen dialer b.m.w. combined so they have really enormous expectations placed on them so even when they're reporting you know a 75 percent increase in revenue deliveries doubling they still often still often isn't living up to the market's expectations i think in particular with this report yesterday and vaster is that an analyst are a little bit disappointed that tesla wasn't more specific about their expectations for the coming year they've said they expect. the liberals to rise about 50 percent and this year in the years ahead for any other automaker that would be really a very good good expectations that they're giving the market but for tesla because expectations are so high that isn't really meeting the meeting the market's demands right now. but competition is growing i'm gaining contest expect to be overtaken anytime soon i think this is another thing that investors are increasingly becoming worried about tesla really has put electric vehicles on the map and for a long time they wer

. >> volkswagen.'re looking at in terms of let's just look at the top three in terms of pure electric vehicle sales last year i'm not talking about hybrids or gas/electric hybrid vehicles, i'm talking about pure electric vehicles number two on the list is scic out of china and number three is volkswagen and volkswagen has already laid out their plans and they're rolling out the id-4, new models their sales in europe are increasing substantially so you've got those two along with general motors. the issue with general motors is that they have invested a lot, they have laid out a game plan but you're not going to see a big increase in the number of models from general motors for a couple of years yet. you've got to wait before you really start to see the big push in terms of the number of evs coming to market but those are the four that people are looking at right now and saying they stand head and shoulders above everybody else at this point. >> you know, one of the things that occurs to me, tim, is th

so that's why i like volkswagen.vs next year. >> gm has cruz. >> or the year after than tesla. >> hey, why is -- >> that's great, but don't listen in terms of -- >> hold on josh josh, go ahead, and then weiss. >> they're all electrifying but only one has an autonomous unit that is further advanced than google's waymo and further advanced than tesla's autopilot. cruise has the potential to be a bigger business in autonomous vehicles than the others i'm not saying it will shake out that way, but they have that lead i don't think shareholders are baking any of that in at an $82 million market cap volkswagen doesn't have that. >> we're going to disagree and they are baking in it, which is why a lot of people own it what gm doesn't have that porsche has, porsche has been killing it, selling more cars in the pandemic than anybody else look at the valuation that you have got on ferrari, race. if porsche spins out that subsidiary into a stand-alone and they've talked about it, there's been speculation of 25% coming out, that

volkswagen is the largest carmaker in the world.u serve the masters you offer the car at the midpoint of the market. daimler has adopted strategy for 2025, to say for us market share does not matter that much. we are willing to give up market share. what matters is adopt the custom and pay the right place. -- pay the right price. they want to sell more cars on the higher end. they want to create a product that people say regardless of the price, i want to buy the car. they want to charge premium prices. the price sensitivity is not that high. volkswagen, the price in to see is higher. alix: which one will compete more with tesla? horst: that is a question. to me tesla is still a premium carmaker so tesla, you saw that also in the u.s., is taking market share from premium carmakers. if you listen to the conference calls of elon musk, he has said he wants to become also a mass-market carmaker. he is not happy with just 1% market share. i think tesla wants to convert from a premium carmaker into a mass-market carmaker. therefore sooner

volkswagen, 14.5 full disclosure short the stock.horted in print yesterday we love ev weren't of our top five picks for this year coming into the year is magna international. traded at 13 pe. not an e.d. to sales but a pe ratio. that stock's up close to 40% this year. and relationship, magna does, and waymo, and korea, ev manufacturers. we love ev. we just want to participate in a value centric way. >> right but tesla's not a value stock. you know, you don't buy it based on fundamentals, dan it's the whole long-term story right? it's an energy company potentially an artificial intelligence company on those terms do you buy tesla or short it? looking at it only as an a.d. company? >> as all of those things. you have other plays on it to get much better value. if you want artificial intelligence or cloud, et cetera, look at google, which is our top pick in big cap tech. you know, google trades at a high 20 pe and they've still got a ton of growth in front of them. they have an autonomous driving division as well ai, they've got cloud a

we think there is great potential for volkswagen and many other legacy oam's.r assets may potential he still be very undervalued by investors. the thing that we think is being ignored is the 98% of their revenues coming from i.c.e. may be undervalued. we are running scenarios where the value is massively negative, so these companies have the burden of managing out this toxic tobacco like liability and still being able to attract esg money to be a winner, and we think that is going to force these companies into these uncomfortable but necessary strategic outcomes. alix: but it is not like everyone is owning an ev tomorrow. it is the same thing as the oil and gas industry. it is not like no one uses coal or oil anymore. adam: it is not about tomorrow. the investors we engage with understand this will take decades to see through, and analogies to the rollout of the electric utility grade, you know, candles didn't collapse overnight. carriages share the road with automobiles. fixed wing aircraft and dirigibles were in the sky at the same time. what we know is happe

volkswagen and general motors in particular. last year it may have peaked already.hat was the set up heading into today and the action that you are seeing play out in the stock right now. you've got the likes -- caroline: you've got the likes of gene munster saying everything happened that we thought would happen and maybe we just all tune in on may 8 two "saturday night live," maybe he's using his material on the analysts call right now. but it's not just numbers in sales and the geography, but the movement into bitcoin. katie: absolutely. i was surprised to see that they sold already. i was expecting elon musk to have diamond hands when it came to crypto. but bitcoin doesn't seem to be too ruffled by news of the sale, it's up 11%, quite a rebound. they have had a tough run of it, still not above the 50 day moving average, even with today's move, but it is interesting to find support around the 100 day moving average for someone who pays attention to the charts, but you know we did get some fundamental news on bitcoin, or as close as we can get for an asset without

we saw that thing of get upgrade to volkswagen -- we saw that significant upgrade to volkswagen.early 4%. the ftse and the cac 40 doing logically well. the dax a little bit of underperformance. the story is in the sector rotation. that kind of narrative. we have seen the recovery trait roaring back. today we have a double-dip recession. that is in the rearview mirror. retail has done. travel and leisure up 4.4%. real estate has had a reasonably good bounce back. the mining stocks have bounced back. the banks have bounced back as well. an indication of europe. they are going up strength to strength. the bottom of the market, this is where you're getting the german underperformance. the car sector is down 4.5%. such a rally the month before. it will never be a straight line up. nevertheless, energy also dipping as well. we have seen the oil price lagging the metals. let's talk about the numbers today. we were talking about astrazeneca early on. a solid set of numbers. the outlook looking fairly good. investing in p&l, investing in r&d, and the market broadly rewarding that. stop tr

volkswagen under fire for a marketing prank gone wrong. us now with more. rebecca, i would have loved to have been in that planning meeting for that prank. >> oh, t.j., this is little sad. the first rule of a good april fools' day prank is to make sure the joke isn't on you, and unfortunately, volkswagen has learned that the hard way. it's the prank that could land volkswagen in serious hot water. earlier this week the u.s. subsidiary of the car company announcing it was changing its name from volkswagen to voltswagen. in a press release, saying, our future is in being the electric car. it turned out to be an april fools' joke. >> they intentionally misled people. they had to walk it back. to all attention that is called to a name, i don't know who possibly thought it was a good idea. >> reporter: they were caught up in a global emissions scandal that cost it $35 billion in fines and settlements. now, the company apologizing for the april fools' stunt and wednesday clarifying that the name change wasn't real. calling it a marketing campaig

the head of volkswagen has other plans but if tesla leads the way on the cost down curve on batteriesing extroid their things there, continue to innovate they could be doing just fine. will they keep $750 billion valuation? time will tell. >> knowing what you know of the company and of the personality of the head that drives it you have laid out the strategic problem and issue for them are they up to and do what you said they need to do which is maintain primacy in north america, two well in europe amidst increased competition and hang on to some share in china what do you think? and then i'll ask you about elon and "saturday night live." >> will tesla continue to execute? they will. they developed a new battery they've put a stake in the ground and said they're takes costs down 50% but so is volkswagen and had the playing field to themselves and it is not that easy going forward why you said at the beginning what is the real mote i think they have a technology motte in batteries and technology mote in autonomous. the competition is coming faster than ever and requires elon's full att

okay finally the sec is probing whether volkswagen violated securities rules with the volkswagen aprilse report it was considering o change its name and claimed the whole thing was a joke to call attention to its electric vehicles. the stock shot up a% 5% on the news >> misrepresentation no matter the intent is something the sec is focused on. there's a difference between cracking a joke and having investors on the wrong side of the joke i think the highlight here is that vw is a leader in the ev space. they are focused on it priced into their stock. yes, i think you have to be careful about the communication of the markets i'm all for clear communication. >> robert, to me, it's strange because i would imagine once it became clear this was a joke, the stock would have given back the gains. is the sec implying the 5%, is the issue the 5% that day or 5% permanently? you know what i'm saying i guess it's because people thought they were serious. >> it's confusing what they would charge them with this is a waste of sec time. the only thing they are guilt of is cal dendar abuse. i wasn't ap

batteries say they have reached a milestone to allow an additional $100 million investment from volkswagen rallied up more than 10% stock has been hammered because it's the exact kind of high flying growth stock this is a fabulous fbi w this is a fabulous partnership with -- we got to dig deep with the cofounder, chairman of quantumscape a real business person and has a better sense, welcome back to "mad money." >> thanks great to be here. >> so this is a major accomplish by a company that is so committed. maybe the most committed in the world of the large manufacturers to clean skies, electric fields so explain to people how important it is that they gave you this $100 million. >> great point, jim. also to your aeearlier point abu sitting expectations we've been careful to do what we say we're going to do. in december we announced the performance data which was pretty amazing data if we say so ourselves. very exciting for the industry followed it up with the federal earnings call with the multi-layer results, a big mile milestone. i don't think folks were expecting it that early and we me

operations to volkswagen of america that's the key for the k. to push their efforts into electric vehicles on tuesday morning officials with the company could firm the news and many major publications the networks ran with it apparently investors thought it was a pretty good idea as well as the company's stock even solid jolt amid the stunt but in the end the company finally admitted it was just a premature april fool's joke intended to highlight the launch of the new all electric before s.u.v. so for the next 24 to 48 hours remember if it sounds too good to be true or even too crazy to believe it probably is and that's it for this time you can catch boom bust on demand on the brand new portable t.v. after bailed on smartphones and tablets google play in the apple app store by searching portable t.v. you can also be downloaded on newer model samsung smart t.v.'s as well as roku devices simply check it out a portable t.v. so the next time. an entire village in alaska has had to move if another country trying to wipe out an american town. we do ev

volkswagen atlas and atlas cross board ranked number one and number two feeding subaru. toyota and honda. so really, the only thing better than a volkswagon is a volkswagon. now's a smart time to get into a volkswagen suv at our sign, then drive event, lisa knew atlas cross sport zero down zero deposit zero first month's payment until do it, signing or get 0% a p r financing for 72 months. small business insurance is usually so complicated. you need to be a lawyer to understand it. that's why three was created if you own it. three cups of that's me. i don't even need to see what's happening behind you to know what's coming. three no nonsense, just common sense. jury gonna try to get one up from way deep into the laser it in horse step continues to make his case for a third m v p award as the warriors keep winning their push for the playoffs, this team is tough and competitive, and they're in a good group. they say all good things must come to an end quite a run over two weeks of winning baseball for the athletics, the third longest winning streak in oakland. a's history

volkswagen atlas and atlas cross board ranked number one and number two feeding subaru. toyota and honda. so really, the only thing better than a volkswagon is a volkswagon. now's a smart time to get into a volkswagen suv at our sign, then drive event, lisa knew atlas cross sport zero down zero, deposit zero first month's payment and still do it timing or get 0% a p r financing for 72 months. if you smoke gas, you're too close. leave the structure called 911. keep people wait and call pg any right after so we can both respond out. keep the public safe. cresco we don't just rent tools. we rented problem solvers flooded basement. we've got tools for that overgrown trees. we've got tools for that too. creaky steps you promised you'd fix. we've definitely got the tools for that. i'm chris smith, president of cresco way can help you find the right tools for your project, and we can show you how to use them. if you need it, crests, coz got it. all over the bay area and online at crisco. rent calm. attention california new federal funding of $3 billion is available to help more

and volkswagen changed its name to volkswagen to highlight its electric car after the whole diesel emissionstted it was an april fools' dayjoke, in march, which it had posted early, the wrong month for aprilfalls. a few early, the wrong month for april falls. a few months ago we visited mit in boston, and a memorable moment there was the labs where they make the weird robots. but now i worry the department might have put itself out of a job. you see, one researcher there has built a machine that can build more machines. lj rich has been finding out how it works. you're witnessing the miracle of birth. a fully—assembled drone freshly printed by machine. laser factory works by cutting out slices of acrylic, printing circuitry with liquid silver and picking components up and sticking them down, all in the right order, at the right time and in the right place. thousands of people would come here to play video games in person, but of course, this year, it's all online. what it essentially is is a unified design fabrication pipeline for creating functional devices and robots. so you can actually f

. >> i bought volkswagen and ditched by ownership in porsche. >> volkswagen. dr. and i love the upside calls. >> that does it for us the exchange is now. >>> here's what's ahead. a quarter of new leadership. last year's market losers became 2021's biggest winners will the rotation hold in the second quarter >>> ahead of tomorrow's big jobs report we'll tell you where recruiters are seeing the most demand. >>> and google is accelerating the partial reopening of its offices. we've got the exclusive details. >>> we begin with who's got the numbers. >> people are making money on the long side here it

volkswagen just delivered the new line of electric vehicles in germany and the automaker plans to setates, general motors says that it plans to stop making gas powered cars entirely by 2035. >>> ben tracy got a look inside the gm plant that will power its electric future. >> reporter: on the assembly line at this gm plant outside detroit. there's two things auto workers like mark owens will never see again. internal combustion engines. this is where gm is making the chevy bolt. the company's only mass market fully electric vehicle. but that is about to change. it's not so much if, it's how fast. >> mark royce is president of general motors. he said that electric cars will no longer with a novelty for the rich it's now betting big on batteries. planning to lauaunch 30 new electric vehicles across a wide range of price points ns the next five years. >> do you feel that you are building a new company inside the old company? >> i do. it's the biggest thing that the industry has seen in a long, long time. >> gm is rebuilding this massive 4.5 million square foot plant in misch. now called f

the third one is in the auto space and it volkswagen, vw ag why, not tesla which i heavily consideredere but volkswagen plans to design and develop its own high-powered tips for autonomous vehicles and again, with the big sell off like he saw last month, a great place to get in here, those three are focused, these are stocks that have pretty much blown up all-time highs, investors sold now down to reasonable, in my opinion, levels. liz: great time to about was november, definitely. great, thank you on this friday. we have about 53 minutes before the closing bell rings, got to get to pennsylvania, breaking news, the biden administration announced moments ago that it will restrict travel from india beginning may 4. the centers for disease control making recommendations to the white house due to the massive number of covid cases and multiple variance spreading throughout that country. the president begin right now in philadelphia to promote $2.3 trillion infrastructure plan, let's get live at the white house, lake, pennsylvania a key battleground state during the election, still a very i

>> we're working in the ambience of the whole volkswagen group. volkswagen group is then flying between the different brands and the different factories that supply semiconductors. as we don't have a high volume, quite an exclusive volume, it's easier to satisfy the demand that we are having. tom: it's difficult not to talk about china without talking geopolitics. we have the european union putting sanctions on china a few years ago -- few weeks ago. fortunately, brands have not been impacted by this. we have seen foreign brands boycotted. how concerned are you that your brand, and other european brands, could be the victim of boycotts? are there measures in place to make sure you mitigate the impact? >> percival, i think what -- first of all, i think we are a company trying to fulfill dreams of customers. and these are universal dreams. we want to concentrate on this and not too much on politics. this is a different playing level for porsche as we import the cars into china. we don't want to be into this. i believe the most important thing is tha

>> volkswagen ill-advised april fools' day hoax changing its name to volkswagen kind of backfired but0000, and it makes it the lowest price model. three grand less than a ford mustang-- they also throw in three years of pre-charging on the electrify america charging network and volkswagen is building this out as part of the diesel admission scandal and you can fill this up in the best case scenario to 80% charge in about 38 minutes, but it's not always that quick. this one here the dellwood shopping center in new york, but there's only about 20 of these in the entire metropolitan area right now where there's 20 million people and 569 nationwide so if you don't own a home it's a bit tough to own as an electric car is most of them are, but is very competitive, great ride, not a sporty car at the tesla model y, but coming out of the normal compact crossover you really wouldn't miss a beat moving to this. stuart: has anyone died on analysis of the cost of gasoline versus the cost of electric recharging? does it work out, any idea? >> generally speaking, at home it's much cheaper to charge

volkswagen wants to sell next year double the amount of evs that tesla puts out.liveries in the u.s., it will not stay that way for much longer? >> they are really dominant in the u.s.. the likelihood that they will remain dominant in the u.s. is high because you have a situation where a lot of newer models coming out or higher priced. we have seen positive reviews for the mustang, for example. that is a model that is just getting going that will be capacity constrained and is priced high to do serious volume. with tesla, you have the model 3, that the company has cut price on. they have been clear that it is willing to sacrifice profitability for volume, and wants to crank out a lot of cars. there is an expectation that tesla will be dominant in the u.s., but when you ask how that rest of the industry will catch up, we see a different story in europe were volkswagen has an aspiration to sell a million evs and plug-in hybrids. they will give tesla a run for their money globally. they are making the id-4 crossover in china. matt: the ford mustang mach e, you cannot

volkswagen's april fools' day joke was volts-wagen. at what point do they pose a threat to tesla?: they do. the bears have been saying this for quite some time, and they haven't really turned out right yet, but that is more of a timing issue. european car companies, ford and general motors, and some chinese car companies are all coming out with a lot of ev's in the next three years, so there will be competition. what we are going to see globally is sort of a reset of the market share. you've got all of the major car companies with huge chunks of market share, and tesla is taking some of that because they have electric vehicles. so their market share may fall, but that market is growing so big that they will get all human growth, and that is what their investors are relying on to get scale, drive down costs, and finally get really good profits. alix: so what model now are you paying most attention to in terms of delivery and that took you should -- an execution? david: the model y is the newest one on the market. it is relatively new, so we've got to see if a quality issue is there

. >> i bought volkswagen and ditched by ownership in porsche. >> volkswagen. dr. j., a name. >> mpc, marathon petroleum it's jim's stock and i love the upside calls. >> that does it for us the exchange is now. >>> here's what's ahead. a quarter of new leadership. last year's market losers became 2021's biggest winners will the rotation hold in the second quarter >>> ahead of tomorrow's big jobs report we'll tell you where recruiters are seeing the most demand. >>> and google is accelerating the partial reopening of its offices. we've got the exclusive details. >>> we begin with who's got the numbers. >> people are making money on the long side here it's green across the screen for the major indices. right now at session highs 4012 this is the first time the s&p 500 has crossed that 4,000 level. still, 4012. 1.5% gains showing some signs of life for the nasdaq. it's outperforming as interest rates pull back a little bit. >>> breaking down what's happening within the markets we are seeing one part of the market showing real signs of life as of late. in certain parts

operations volkswagen signaling a focus on electric vehicles it provoked anger on social media among those appointed to the company's diesel emissions gandel the cup. that's a quick check of the top stories here on al-jazeera george lloyd's girlfriend has testified about their struggles with addiction during the trial of the former u.s. police officer accused of his murder derek children's defense team argues that drug use was a major factor in floyd's death. we've both suffered from chronic pain. mine was in my neck and his butt in the back. and we both had prescription. but. after prescription. for philip and. we believe we get addicted. the world health organization has criticized the european union's vaccination rollout as unacceptably slow this it says risks prolonging the pandemic as variant spread meanwhile suppose syrian leader and sang suit she's facing the most serious charge since being forced from power by the military she's been charged with violating the official secrets act it carries up to 14 years in prison the dutch prime minister's chances of forming a new governin

volkswagen, warning that the chip shortage will have a bigger production cut in q2 than q1 and we will that. >> i think we're starting to see the end of the titans, carl. i was doing a lot of work on sky works on friday, i think skyworks, when they made this decision, from silicon lab, will be able to make a lot more chips, and i see taiwan semi starting to talk about maybe lowering chips, which is what you need, lower end chips, which is what you need, the auto companies need, and as much as i like volkswagen, and i have a feeling that they are out of step with what's been happening in the last 72 hours and the last 72 hours have been very good news for a lot of the auto companies and i think the fourth quarter is going to surprise people. this is stuff i did over the weekend. so i'm feeling quite confident that things are about to change. remember, the reason why the autos didn't have any relief is because they're making the lowest end, david, it's the lowest end chips, and it was not advantageous taiwan semi saying, working for you. sky works. >> a little out of consensus. >> indica

he also visited the target and volkswagen dealership and of as well as a few others. he says he knows tensions have been running high, but he's pleading with those who gather after the verdict to respect the merchants and business owners that did not happen last friday night when a few 100 people came out to protest the failed police killings. dante wright in minnesota and 13 year-old adam toledo in chicago. fires were set windows were shattered today. the chief says his department fully supports people's first amendment rights but please respect the city of oakland. >> destroying our city is not going to change it is an opportunity for us to come together and come up with solutions. we can all talk about criminal justice reform. we can all talk about how we want better policing in america. i will sit down and have that conversation with anyone. but i don't want to see is to destroy the city of oakland or business owners don't deserve it all our community members don't deserve it takes away from the message. and so i think, you know, we welcome anybody to come the oak

tesla, gm and volkswagen over the last six months, they've had a heck of a move higher as investors have said yeah, we think these are going to be three of the principle players when we think it comes to pure evs, and that's why these stocks over the last six months have moved higher, in particular when you look at general motors that's really been the move there. speaking of gm, it unveiled the hummer ev suv over the weekend and i know some people have said well didn't they already show the hummer didn't they show that in the fall what they showed was the sut that is the pickup truck version of hummer, the electric hummer that's coming in 2023. this is the suv version. so they have high hopes for hummer, guys they believe that is one of those vehicles that will differentiate. yes, it has a high price point, but that's the first edition models then it will come down over time starting out at $110,000 and then it comes back down eventually into the high 70s >> all right phil, thank you. phil lebeau. just look at the gains of gm and tesla today. gm actually did better on the unveiling of i

one of the headlines it's already coming out of the show is volkswagen being forced to once again defend its plant and change on in china what is the company saying. well the company is 1st of all saying that they have no 4 they have they are sure that they have no forced labor in their factory there because they hire everybody themselves and they are also pretty confident that they don't have forced labor in their supply chain folks i'm defending this this factory as being motivated the decision to build a factory in a room she 3000 kilometers from where for example the supply is are as be motivated by pure economic reasons that is something that most people in the industry doubt most people most inside this are pretty sure that there was a deal that the chinese government wanted them to build this plant and in exchange for another plant that they wanted but folks denies this and says it is a pure economic decision economically however this this factory is not viable the capacity of $50000.00 cars which is not a lot for folks logging in china has never been reached we are less than they

in violence and some vandalism to local ha two >> reporter: cruiser cleaning up broken glass and volkswagen oakland were manager say most of the dealerships windows were smashed and a car was set on fire friday night. cars were also torched at the honda dealership on broadway where windows were broken. >> it is frustrating. it is more sad than anything. you can't blow on it. we need to get better. we have to come together as a community. we have to, you know, stop this pain. it is not one person. is everybody. >> police say about 2 to 300 demonstrators marched through downtown oakland friday night in protest of recent deadly police shootings across the country. lit fires. others broke windows at this target store on broadway. >> it really takes away from the message. >> chris owens, barrel restaurant in the uptown district. most of his windows were broken by some demonstrators. his security footage captured the march passing by. >> i would like to be talking to you about, you know, the reason that we need to be protesting instead of why we are cleaning up glass. >> city officials say they s

turned out to be an april fool's prank by one of the world's biggest car makers has backfired a volkswagen said it was renaming its u.s. operations vaults bargain signaling a focus on electric vehicles to prevent anger on social media among those who pointed to the company's diesel emissions scandal attempts to mislead customers. a quick check of the top stories here on al-jazeera george floyd's girlfriend has taken the stand at the trial of the former police officer accused of his murder courtney russia details of their struggle with opioid addiction drug use is expected to be examined heavily throughout the trial the defense will later argue it was the main factor in floyd's death for we both are from chronic pain. mine was in my neck in his 1st in his back. and we both had prescription. after prescription. filled and. we believe. the world health organization has criticized the european union's vaccination rollout as unacceptably slow this it says risks prolonging the pandemic as variant spread. the man was deposed leader and sang sue g.'s facing the most serious charge since being forc

the european and auto market has really evolved since it began building this factory now you have volkswagen mercedes b.m.w. all of these are really racing ahead so tesla does need to get this factory up and running to believe in frankfurt thank you. the staggering statistic 26000000 jobs have been lost in america and the caribbean due to the corona virus and that's according to the international labor organization additionally there is a deterrent. in the quality of jobs and there. reduction in household incomes the habits the organization warns the massive loss of jobs will have an impact on the konami and social stability in many latin american countries he calls for ambitious actions to help labor markets to recover this. brazil is one of the countries where the impact of the pandemic has been particularly harsh not only on the job market after year of lax restrictions for the 1st time in nearly 2 decades over half the population does not have enough to eat. this is what life's become for millions of brazilians who no longer have enough to use the virus has led to mass job losses especia

want to and out to be an april fools prank by one of the world's largest car makers has backfired volkswagen says that it was renaming its u.s. operations vaults dog and. signaling a focus on electric vehicles approved anger on social media among those who pointed to the company's diesel emissions scandal that attempts to mislead customers the company says it's sorry for the upsets and confusion that the prank caused. good to be with us hello adrian finnegan here in doha the headlines on al-jazeera at least 36 people are dead after a train derailed in eastern taiwan it came.

and finally, car—maker volkswagen changed its name to voltswagen to highlight its clean electric carompany posted some graphics and changed the name on its american twitter profile, but the german company eventually admitted it was just a hilarious april fools�* joke which it had posted early in march — famously, the wrong month for april fools'. now, a few years ago, we visited mit in boston, and one of the most memorable departments there was csail, the computer science and artificial intelligence labs, it is where they make all the weird robots. but now i worry the department might have put itself out of a job. you see, one researcher there has built a machine that can build more machines. lj rich has been finding out how it works. you are witnessing the miracle of birth. a fully—assembled drone freshly printed by machine. laser factory works by cutting out slices of acrylic, printing circuitry with liquid silver and picking components up and sticking them down, all in the right order, at the right time and in the right place. what it essentially is is a unified design fabrication

operations volkswagen signaling a focus on electric vehicles it provoked anger on social media among those appointed to the company's diesel emissions scandal the cup. i have a quick check of the top stories here on al-jazeera george lloyd's girlfriend just testified about their struggles with addiction during the trial of the former u.s. police officer accused of his murder their children's defense team argues that drug use was a major factor in floyd's death. we've both are from chronic pain. mine was in mine.

. >> reporter: this april fools' day volkswagen underfire saying it changed its name to voltswagen. >lk it back because it started moving the stock price. >> reporter: but some brands on the other hand have pulled off well received pranks. the bbc's epic flying penguins news report. though to be fair the bb krvenlt has had lots of practice. in 1957 they aired a report about a spaghetti tree growing in switzerland. as with any joke it's all about reading the room and knowing your audience. many brand experts are saying this is the time to lay low. there have been way too many surprises this past year for april fools' day to throw more crazy stuff at us. mona andrew. >> definitely has. be kind with your jokes. is this the time to tell him that thi >>> right now on "america this morning," breaking news, another mass shooting in america. >> back up. there's a shootout. >> and this time a child is once again among the many victims. the latest from southern california. >>> also this morning, the fallout from the emotional testimony at the derek chauvin trial. >> oh, my god. >> the witness a

innovation makes batteries for ford and volkswagen electric vehicles, l.g. energy accused s.k. information on how to make batteries. s.k. innovation agreed to pay $1.8 billion in the settlement. in a statement this morning, president biden called the agreement “a win for american workers and the american auto industry.” including de segregation and fair housing laws and ordered a moratorium on federal executions during his two years in office from 1967 to 1968. he left office when richard nixon was elected president and returned to private practice as a lawyer. he became an outspoken antiwar activist andarsh critic of u.s. foreign policy. clark helped represent many unpopular figures including terrorists and war criminals. he traveled to iraq to help defend saddam hussein after the gulf war and descended shaik rack man who was convict of the bombing of the world trade center. he died friday at his home in new york city, ramsey clark was 93 years old. for more national and international news, visit pbs.org/newshour. >> sreenivasan: last week, the defense department released a me

what turned out to be an april fools probably one of the world's biggest carmaker has backfired to volkswagen said it was renaming its u.s. operations bolts signaling a focus on electric vehicles to prevent anger on social media among those who pointed to the company's diesel emissions scandal attempts to mislead customers. a quick check of the top stories here on al-jazeera george floyd's girlfriend has taken the stand at the trial of the former police officer accused of his murder courtney rush said details of their struggle with opiate addiction drug use is expected to be examined heavily throughout the trial the defense will later argue it was the main factor in floyd's death for. the. pain.

give these shots and a lot of these companies like volkswagen have actually been doing pretty well throughout the time at the docks here has been our record highs recently so for them this wouldn't be too difficult to do and it could really help them. remove some of these concerns about the virus but what we've heard pushback from it was a lot of the smaller companies here and in germany the small and mid-sized companies say that it's just too expensive and many of these have been hit much much harder by the pen demick. i mean why all the companies wanting to do it is it and move and what's at stake economically here. well there's obviously a lot of state for every company every economist every business says that we won't be able to. reopen the economy fully intil and still more of the population is vaccinated and of course here in germany the vaccination campaign has had a lot of issues and this is weighing on the economy today we heard from the top research institutes here in germany they've actually cut their forecast for the job in german economy by a full percentage point this year so th