then volkswagen produced the 1st gulf models made in. sorry, eva today the buzz me in capital as possible. the joint venture was like a circle closer to the dream of every average. yugoslavian was to own a gulf. of course you had to wait for a golf. if you had the money for it to him, oh no, it's not on the wait was up to 6 months. i was able to save some money so that i could make my dream come true. it was a big deal for me as a young man on top of my generation, we'll get what i'm talking about job such as on september 2nd, production facilities with large, he destroyed and supposed to be involved between 1992 and 95 goals. production was discontinued, but people's in c o z as in for the gym and call has the volume. the same email address is i'm most most beautiful and i the whole, the emotions about that see years for with about survival to us. that was the tendency for the people to feel themselves again, like to normal. again, that some like in south africa to the gulf has survived a change in political systems and is now part of t

any works but chinese call make has ended his collaboration with volkswagen in 2015 in design. it's not democratic. you understand how people deal. i didn't have the freedom to propose the things i wanted to do when i agreed to join that large corporate group . recently i'm bigger they don't have any coverage because they are the men in charge and they don't want to put their positions of power at risk or thrown. they don't take risks, they do things more or less the same as ever in order to avoid risk. because they don't have any vision. but the vision is what led georgette to job to, to create, to milestones and automotive design. the deal is i have limited and built a career out of my absolute freedom. because when i made my 1st cars, i had incredible freedom to do the best time for the delay, dw, go a symbol of freedom and creativity in college design. because everyone which people and young all over the world have embrace the com that has become the flagship of the gym and automotive industry. it's tough, it's low risk. this opinion to split what's nice the head for the mo

by then, volkswagen produced the 1st gulf models made in. sorry, eva today the both in the and capital as possible. the joint venture is like a circle closer to the dream of every average. yugoslavian was to own a gulf. of course you had to wait for a golf. you had the money for it to him. oh no, it's not on the wait was up to 6 months. i was able to save some money so that i could make my dream come true. it was a big deal for me as a young man, i'm cold. my generation will get what i'm talking about, such as one to 2 seconds, production facilities with knowledge he destroyed and nipples in the, in full between 1992 and 95 goals. production was discontinued, but people's infuse, yes. and for the german call has the volume, the same email address his i'm most most useful and i the whole this home emotions about that see years for with about survival. and often that's was the efficiency for the people to feel themselves. again, like the normal again that some like in south africa to the gulf has survived the change in political systems and is

volkswagen is ”lannin ford's results. volkswagen is planning to — ford's results.lanning to lay _ ford's results. volkswagen is planning to lay off— ford's results. volkswagen is planning to lay off tens - ford's results. volkswagen is planning to lay off tens of. planning to lay off tens of thousands of workers and shut down three factories in germany. that's according to their works council, and it comes after negotiations with unions. the company has faced significant pressure to cut costs. they added that restructuring concrete proposals will be shed on wednesday. boeing is looking to raise around $20 billion, crucial to preserve its investment grade credit rating. boeing has been struggling recently with more than 30,000 brokers in the us on strike since september. —— 30,000 workers. the largest union voted to reject a 35% pay bump. the aircraft maker reported a loss of $6 billion in the third quarter of the year. we are a week away from the us election, and a large part of both campaigns have focused on trade policy. tariffs in particular. but how would these

by then, volkswagen produced the 1st gulf models made in sorry eva today the buzzing in capital cost of a joint venture. take a circle closer to the dream of every average. yugoslavian was to own a gulf. of course you had to wait for a golf. if you had the money for it to him, oh no, it's not. i don't know. the weight was up to 6 months. i was able to save some money so that i could make my dream come true. it was a big deal for me as a young man on top of my generation, we'll get what i'm talking about is opposite to the seconds production facilities with knowledge he destroyed and the pulse me in full between 1992 and 95 goals, production was discontinued, but people since use yes and for the german call has the volume the anymore just use i'm most most useful and others hold this home. it's emotions about the c years for this, about survival. and often that's was the tendency for the people to feel themselves. again, like to normal. again, that some lights in south africa to the gulf has survived a change in political systems and is now part of the country's culture. like a witnes

volkswagen is underinvested in the main brand. it is struggling in europe and that has always been a big moneymaker for them because of the sheer volume and they have struggled a lot in china, as all foreign markets to the chinese market are -- all foreign automakers to the chinese market are. they had prophets coming in from porsche, audi and luxury brands. all of that is coming under -- as china looks worse and they have to make a lot more clear with their profits with just a european business and that puts them in a cost-cutting position and racing to cut costs to improve profits in europe and that is where you're getting these ideas were they have to close plants and cut wages. the union said they are going to fight it. and as if they didn't have enough headaches, the union doesn't sound like they want to play ball, and there could be a lot of fighting and it could be pretty ugly. i can't member the last time -- i can't remember the last time volkswagen closed plants in germany. it is hard to overstate how important that is. k

it's really hard to overstate how much this matter is. volkswagen is a global icon. it's been synonymous with is made in germany. braun, i know the company is coming out and saying, well, we actually can't make in germany anymore. at least not the way we used to in terms of the immediate impact. as you mentioned, we're talking about 3 plans out of the 10 folks fucking has in germany, potentially closing. we don't know which ones are in question, but no matter what, tens of thousands of jobs are on the line in an industry that is re the heart of the german economy. the disclosures don't come out of nowhere. how did we get to this point? i think it's been a perfect cocktail of problems to be honest. so the 2015 diesel scandal certainly did a lot of damage to the vw brand, but that's not the reason why we're here today. so folks on has been really un, unable to stay competitive over the last few years, was really slow to embrace electric mobility and that sluggishness took place against the backdrop of china as rapid rise. so china has always been a really important exp

however, according to the works console volkswagen names to enforce a 10 percent wage cut and $20.00 rounds. in the next 2 years, folks walk and says tough cuts so necessary to show up its balance sheet. leaving many employee is worried about their jobs. and before we go to san diego zoo in california is celebrating halloween this year for a birthday bash for a special residence. the interest to you is the wallaby. it's also known as the friendly ghost because of his appearance is bertha actually falls on halloween and he was given pumpkins to mock his 5th year on the planet. he was most appreciative to it versus white for is a product of he's alban is a maria, genetic mutation among wallabies and members of the kangaroo family, primarily found in australia, of course, and on the nearby on about before we got a reminder about top story. this out officials inspired site, at least 95 people data off to, to rachel ryan sparked flash floods in the east and in south of the country, regions of valencia. and must have been the west rescue as arising decide those still strange that the gover

because our our raise it as volkswagen. once pride of the use law, just ignore me file. so shut the factories, miss homeland for the 1st time, and it's history on the job. i mean, so that means that the bump is in the fill out, put off it and cut off who had to be cheaper than the supplies of russia 2 years ago, especially hot his is the ultimates of censor and was a big guy on the sides of the mon, livable wages as a company is a monday, no ink cannot make slum and won't be a w. and let's say these are also facing a song decline in the prophets. volkswagen c o has painted and especially literally page of the feature of the domestic industry. we currently don't make enough money from that cause. while our costs for energy materials and personnel have continued to rise, we cannot continue as before. these cuts on just volkswagen trying to bolster its margin. the company needs them to survive. very well the to the end of the phase in a little less. the nice is are also suffering setbacks. it's really oh so you can move them full 1000000000 euros of government funds origina

the german is because comic volkswagen is facing an existential crisis. the deputies net profits file a massive 64 percent in the 1st 9 months of the year. the company is planning to cut costs by closing at least 3 german plants unions and making managements of the company headquarters involves bug form waste negotiations, which will also deal with the overall prices. german chancellor schultz has indicated that the workers should not have to pay with that jobs before management decisions. in the past. i asked maddie see now from dw business about the move that vw headquarters as well, understandably, the mood is very gloomy in here this morning. we were standing at one of the main entrances to the factory and spoke to workers as they were heading to their shift that we spoke to one man who has worked at fox on for 35 years. and he said that the mood and the situation has never felt as serious of a field right now. but we also spoke to a worker said, look, listen, crises, come and go. and company boards come and go, but the cars will continue to be manufa

it looks at just stagnate this yet volkswagen might just be the tip of the ice book. i'm a little slack, i am berlin, and this is the day the, it's, everything's at stake now the plant closure. 10000 people redundant. it makes you really stop and think you might have my colleagues and i are afraid for our jobs and fear is not at all helpful to the looking to possibly false management decisions from the past must not be at the expense of employees. we have to see how we can feed our families and what's next for this region as this has a personal impact. but it also has an impact on the region and on germany to also on the day concerns about the israel's future plans. because as the army presses a head with its offensive sign up service, it resembles a blueprints known as the generals found, of all the sylvia will become to be a military result. and all the most people would stevenville whether some of them will fight those. some of them are civilians, they will have 2 choices, either to so rondo or to stall to have you is on cbs in the united states. and so it will be

the anger volkswagen has significant problems. on one hand, cost is a $5.00 form enough in europe loan, an additional $500000.00 vehicles would be needed to fully utilize the plants according to the company. on the other hand, to transition to electric mobility is costly and not very successful. now 3 out of 10 plants in germany could be closed. all employees are expected to earn 10 percent less permanent. pay thousands could lose their jobs. fox market is the largest industrial employee in germany with 120000 employees and tire regents. depending on the ultimate occur. that's why the government is also a lot go to school. this constitutes all the position of the chancellor is clear. the cache or past management mistakes should not be at the expense of the employees the. so for gotten types, it is now by preserving and securing jumps. what does it? so i'm good about splits a tool, hospitalization, but fox mark and says without cost reduction, there is no future. the location in germany is too expensive. the company plots to presen

the chp says the volkswagen was sent into oncoming traffic and then crashed into a mercedes. a female passenger in the volkswagen was pronounced dead at the scene. >> the evidence that we have gathered so far does suggest the involvement of an additional vehicle. we are confident that we've identified the possible third involved vehicle. >> authorities say the driver and an infant in the volkswagen, as well as two people in the mercedes, were sent to the hospital with major injuries. hernandez has been arrested on suspicion of murder, felony dui and assault with a deadly weapon. he's also being investigated for causing three other crashes that occurred earlier in the day. police are investigating a deadly hit and run in the city of concord. this crash happened tonight, 745, at. officials say one person was hit a car a dieat the scene. so far, no arrests have been made, but police say everyone voed was detained and being questioned. police are still on scene, working to determine everyone's involvement in the crash. >> a vigil was held for the victim of a shooting that occurre

some of yours launches, comedy factor of volkswagen is shutting at least 3 factories in germany. a line of tens of thousands of workers. the german comic faces week demand in europe and competition in china stopped by some reports from charlotte. unrest among volkswagens, 300000 workers in germany. the a jobs long considered among the countries safest are at the risk. this example is a very trusted customer, obviously cost view. we have to see how we can feed our families and what's next for this region. since this has personal consequences, but also for the region. and in fact, for germany, volkswagen has suffered badly from strong competition with china. seen it sales decreased by 500000 cars over the past 4 years. the companies transition to electric cost that's also seriously left behind for the cost of set us inside. and it's a problem with the management is that is known these problems for almost 20 months . i don't get to develop, present any innovative solutions except that costs the subsidy cuts and the employees allegedly caused the problems as well as your books. the a

i'll just say it was stuck fast and reports now from dallas. unrest among volkswagen, 300000 workers in germany. the a jobs long considered among the countries safest are at the risk. this example is a very trusted customer, obviously costs view. we have to see how we can feed our families and what's next for this region. since this has personal consequences, but also for the region. and in fact, for germany, volkswagen has suffered badly from strong competition with china. seen it sales decreased by 500000 cars over the past 4 years. the companies transition to electric cost that's also seriously lack behind costs are instead of suicide. and it's a problem with the management is that is known these problems for almost 20 months . i don't get to did not present any innovative solutions except that costs the subsidy cuts and the employees allegedly caused the problems as well as your books . the announcement will likely lead to a fee as back home with germany's powerful unions who are hinting at strike action . volkswagen is no longer determined beacon of success and stability is bein

tom: volkswagens third-quarter margin shrinking lowest since the pandemic.k us through the is consequential numbers. oliver: they are intending to close three factories and cut jobs and pay. here's what we've got, sales were down, operating results were down and when you focus on margin that came in at 3.6%, down from 6.2% and when you dig in because they have the core these cuts where there is a huge cost problem came in at 2% and to contrast that we see poor margins in tesla margins the other day were in at 17% and sales had an increase. down in western europe and this is the focus so the market is braced, this is exceptionally bad when we have volkswagen beginning negotiations with unions. tom: this highlights the urgent need for efficiency gains. to what extent are they symptomatic of the economy? oliver: to a large extent, expecting another quarter of contraction, two consecutive quarters which triggers a technical recession but the economy will contract again, two years of contraction. that happen one time since the fall of the berlin wall and we are e

a woman in the passenger seat of the volkswagen was killed, and two other people in that volkswagen. the driver and a child both suffered major injuries. investigators say the driver responsible left the crash scene but was arrested a short time later. they say he is responsible for at least one and possibly three similar road rage incidents earlier in the day. well, just 29 days to go until election day and bay area cities are getting prepared for an influx of voters seeking information about political races and issues. starting tomorrow, the san francisco department of elections will open its voting center at city hall. the early voting period is designed to assist voters with a range of needs each day through election day, except for october 14th, when indigenous peoples day is observed. most days, the voting center will be open from 8 a.m. to 5 p.m. a somber anniversary is approaching in the middle east. coming up, a look back at a year's worth of conflict and the event in san francisco to mark one year at war. also, a look ahead to fleet week here in the bay area. the symbolic c

when we heard from volkswagen, it's telling us that the business is under pressure.cut by 2 million cars after covid and it hasn't returned. to me, one of the risks would be, if it's a trump victory, if he went after european cars with some form of a tariff. that would be deadly to an industry under pressure. >> there's a huge amount of pressure. actually, you raise the point of china here. when i spoke to european officials about, you know, how they're preparing for the election and so on, a lot of them saying that they've seen the united states focus on imposing tariffs and countermeasures on china. and they're actually hoping that that will be the main focus for the next administration, whether that's a republic or democratic administration. they're hoping that's their focus. and, therefore, will have a little bit less impact on europe itself. but, again, this, again, could actually just be hopeful thinking, really. >> to this point around the volkswagen, saying we're confident we can reach agreements with unions but can't rule out strikes. that seems like a simil

coming up, volkswagen avails radical plans to cut costs.e will bring you the details and the challenges facing germany's biggest automaker. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. after a profit warning and years of concerns, volkswagen's management is presenting radical cuts at its namesake brand to remain competitive. at least that's the hope from executives. let's bring in bloomberg's oliver crook as he follows all of this through us for -- all of this for us. take us through what we learned yesterday. oliver: this is the shot that dropped across employees. they got this news for the very first time. remember, this is for the vw brand. this is the brand competing with the chinese auto makers increasingly making their presence felt on the european continent. the question of profitability and margins comes to the floor. what management wants to do is close three factories within germany to cut 10% across-the-board wages for employers -- employees. we are talking about 140 thousand within germany half of the wo

to europe's biggest car—maker — volkswagen — as it's on a collision course with workers.its factories in germany, cut salaries by at least 10%, and lay off tens of thousands of workers. volkswagen said in a statement it would make proposals for how to cut labour costs on wednesday — when the car—maker releases its latest results. vw has been negotiating for weeks with unions over its plans to overhaul its business as it grapples with high energy and labour costs. stiff competition from china has exacerbated their troubles and weakening demand for evs. if the plan goes ahead these would be the company's first ever plant closures in germany in its 87—year history and set up a battle with powerful unions and politicians in germany, where vw has 300,000 employees. joseph mccabe is president & ceo of autoforecast solutions. good to talk to you. we knew this was coming. now the details are being announced we will get more tomorrow when the company reports its latest earnings news. what is ahead of vw in your opinion?— vw in your opinion? thank you for having _ vw in your opinio

. >>> volkswagen may be on the verge of historic layoffs, but first, j.p.n is chasing customers who allegedly used the viral infinite free money glitch which was in reality good o fashioned check fraud. >> j.p. morgan has begun suing customers who allegedly stole thousands of dollars from atms, you may remember in hate august, late august, a so-called infinite money glitch went viral. customers withdrew funds immediately before the checks could clear. the bank filed lawsuits in three different federal courts, seeking out people who drew down the highest amounts of money. in the largest case, a man owes $290,000 after withdrawing over two days, more than $300,000. j.p. morgan continues to investigate thousands of possible case of check fraud incidents. now volkswagen is trying to shut at least three manufacturing plants in its home country, germany. this will be the condimpany's ft closure of domestic plants in its history. they could cut pay by 10%, according to a union. now volkswagen said the restructuring is necessary, as it is facing steep competition i

a woman in the passenger seat of the volkswagen was killed. two other people in that volkswagen, the driver and a child, both suffered major injuries. investigators say the driver responsible left the crash scene but was arrested a short time later. they say he is responsible for at least one and possibly three similar road rage incidents earlier in the day. we'll count them down. just 29 days to go until election day, and bay area cities are getting prepared for an influx of voters seeking information about the political races and issues. starting tomorrow, the san francisco department of elections will open its voting center at city hall. the early voting period is designed to assist voters with the range of needs each day through election day, except for october 14th, when indigenous peoples day is observed. most days, the voting center will be open from 8 a.m. to 5 p.m. just ahead, a somber anniversary is approaching in the middle east. coming up, a look back at a year's worth of conflict b (lady gardening) hi! (vo) time to move? make it e

tom: volkswagen has targeted cost savings 4 billion euros.he proposals include a pay cut for workers. let's bring in all the critical with the details. ollie: this is the brand, not, the cars. important bread -- brand that has been struggling. they are talk about saving 4 billion euros, 10% pay cut. imagine what that would feel like. wage freeze into a year after and possibility of factory closures. volkswagen has never close the factory before and is now talking about several. tom: this is a remarkable moment. when i think about pay cuts i think about the unions. what are you watching for? oliver: we will get an update and wage negotiations but i want to paint for you, across 11 factories all the workers are going to walk how to receive an update about negotiations. that could be something we see more of. strikes, warning strikes across the board. the other point, employees, 11 manufacturing site, every worker that will walk out will be concerned about their job and the economy so in germany this is the moment where we talk about the real im

volkswagen added that restructuring is needed, and concrete proposals will be shed on wednesday.s in ford fell by 6% in after—hours trading after the company lowered its guidance for the year. on the earnings call, chief executive jim year. on the earnings call, chief executivejim farley exhibited the soft outlook to a global price war in the industry. ford reported third—quarter earnings beating analyst expectations on revenue but at the lower end of its full year forecast. it now sees about $10 billion in earnings before interest and taxes this year, instead of its previous range of 10—12 billion. third—quarter profit fell less than expected however. results were affected by a $1 billion charge on cancelling production of an suv in august, saying the vehicle could no longer be profitable in the timeline required. ford's facing around a $5 billion loss on electric vehicles this year, despite cost improvements. the ceo jim farley has made tough decisions about the company's ev line—up as competition from tesla and chinese automakers has intensified over the past year. ford's resu

as this big figure, 64 percent profit dropped at volkswagen. this year, this is a significant number, and it really is symbolizes the mass of headwinds, that the company is facing from china, from the home market, and from the market in the us. and finally, while emigration has become a hot button issue in the us election, many americans embrace latino culture even far north of the border. and york's times square sculptures have been pushed out ahead of the day of the dead. the festive occasion has its origins in mexico, where according to local custom, dead relatives return to visit the many us cities with mexican american communities have also adopted the tradition to this. yeah, mexico is observing the 2 day holiday at on november 1st. and 2nd, looks like it could be with the visit if you are in new york city. that's the show for so that you can follow up team on social media. i'm the handle you need is at the w news. and if it's, the latest headlines are looking for, there's always a website, www dot com. you can also download the dw, up fr

this has never happened before. volkswagen could layer for massive number of employees in germany and clothes and tie plots. the fear is real. for a long time jobs at fox walk into the cost of the opposite. this occur. so i wouldn't say that this is unsettling for many people because it fundamentally calls the future into questioning august the sincere but also she's very drastic cuts. you have to think about how you can support your family as come. john 1st came to fear, then the disappointment because we have never experienced anything like this at fox walking before and now comes the anger. volkswagen has significant problems on one hand, cost sales are far from enough in europe loan, an additional $500000.00 vehicles would be needed to fully utilize the plants. according to the company. on the other hand, to transition to electric mobility as costly and not very successful. now, 3 out of 10 plots in germany could be closed. all employees are expected to earn 10 percent less permanent. tolerance could lose their jobs. fox market is the largest industrial employee in germany with $1

volkswagen added that restructuring is needed and concrete proposals will be shared on wednesday.ock offering that could help the planemaker raise around $20 billion. that money will be crucial to preserve the company's investment—grade credit rating. boeing has been struggling recently, with more than 30,000 workers in the united states on strike since september. last week, about two thirds of the workers in the company's largest union voted to reject the offer of a 35% pay bump. the aircraft maker also reported a quarterly loss of six billion dollars for thejuly to september period. we are a week away from the us presidential election and a large part of both campaigns have focused on trade policy — and tariffs in particular. but how would these taxes on imports impact small businesses in the us? the bbc�*s michelle fleury investigates. worksman cycles is america's oldest active bicycle—maker. it's been around since 1898, so they know what trade policy can do to american manufacturing. so tariffs haven't helped you create more jobs? it basically hurt our bottom line, with no ben

with you price, germany's biggest company holes, crisis tools, managements and unions at volkswagen. discuss with john in comic as future. threatens to close plans to say the i'm feel welcome to the program. spanish emergency services, at least 51 people have been killed after torrential rains, pumped flash flooding in the country, south and east. severe weather. warnings are in place for tens of spain. 17 regions the worst effected area is valencia emergency services are welcome to reach areas where the funding has hit hottest. the regional government says many people, the stranded in inaccessible locations. isolated in fost blowing flood waters. a stranded truck driver is saved by emergency services. across the southern spain, muddy torrance floods and flash rain full cause habit, several people are reported missing. emergency services scrambled to rescue the is in danger, while others assess the damage from a deluge that fell in a flash. i talked with my neighbor and he told me that until mid day, nothing happened. but suddenly, in such a short time, around 300 or 400 leaders of r

it's hard to re overstate how much this mattress volkswagen is a global icon. it's synonymous with this made in germany brand and what they're coming out now and saying is we can't make in germany anymore. at least not in the way we have been when it comes to the most immediate impact. as you mentioned, we're talking it by 3 or 5 seconds, 10 german plants potentially closing. we don't know which ones are in question yet, bus and one that's particularly risk seems to be an alternate book in the west of the country. no matter which fonts are going to close, tens of thousands of jobs are on the line here. so really it's, it's something that's happening in an industry that is at the very core of the german economy. it's a huge deal. yeah, and this is one of the world's biggest call make is how do we get you quote, it's a perfect cocktail of problems. i think, to be honest. the diesel emission scandal of 2015, obviously, really badly damaged to be w's image. but that is not the source of its current problems. fundamentally, the carmack, it just has not been able to

so mike's a volkswagen. what do they want the governments to do here in general? yeah, well that's a really important point because of course volkswagen isn't alone and it's problems at the moment on german chancellor, all efforts is actually called a summit this week for the has of big german companies and he's promised to listen to them. what they want is a few very simple things. they want more investment, they want less red tape. they want to make it easier for farm workers to come and work for them. and that these are all things that the german government has that it wants to address, but the results are very, very slow and coming. and another thing that they want is political stability. and if we look at this summit, the salt has called for this week. he didn't invite his economy, economy minutes circle, but how back and he didn't invite his finance minutes or concerning the boat from different political parties. and even those about was that min, now the finance minister called his own some us for it has of a company. you know, this to me does not look like

the world's biggest car maker, volkswagen, is to close at least three factories in germany.tens of thousands ofjobs. volkswagen has been negotiating for weeks with unions over its plans to overhaul its business and cut costs. if the plan goes ahead these would be the company's first ever plant closures in germany. apple won't be allowed to sell its latest iphone 16 smartphone in indonesia because it's failed to meet the country's rules on the use of locally made components. indonesia requires that at least 40% of the parts used in certain smartphones are manufactured locally before they can be sold on the domestic market. apple has no manufacturing facilities in indonesia, but has been setting up app developer academies across the country since 2018. you are up to date, that is business today. see you soon. amid growing support for far—right political parties in france, some young french—africans are leaving europe for africa, in search of a better life. bbc africa eye has taking a closer look at this reverse migration and the changing relationship between west africa and it

the countries giants call make a volkswagen may have to substantially reduce its operations in germany. europe's biggest carpet used to is planning to shift at least 3 factories in germany. they of tens of thousands of stuff and permanently caught production that is remaining plots in germany, of the cracks in europe's biggest economy, a deepening and businesses want something to be done by the government soon. i hope that industry summit is taking place at the german transferring and that's where the data of these chief political correspondent mena has a is not great to see you at. so the transfer is talking with the big companies as finance minister is holding a separate meeting with leaders or small to medium sized companies. why are there 2 separate meetings taking place? well, if it wasn't so serious problem, i'd compare it to a situation where you all hosting a dental policy, but you don't invite you to flatmates. and then one of those flat maids decides to host a separate barbecue event in your front. gotten and something like that. is happening in ballard, and today was the ger

however, according to the works console volkswagen names to enforce a 10 percent wage cut and $20.00 rounds. in the next 2 years, folks walk and says tough cups are necessary to show up it's balance sheet. leaving many employee is worried about their jobs. stay with us, the name is the calls back said wow, thank you so much for joining in. welcome to don't hold bad. a lot of people do that. it's all about saying it loud. mass would have being nosy bay, like good, everyone to king. check out the award winning called called the call back did you know that there's probably a piece of this country in your smartphone? the democratic republic of the congo or the sea could be one of the richest countries and.

and, and, and so we have the volkswagen e b as well. so germany, it has the most to lose joy. not only sure, you know, china is the world's largest, also market by the numbers in august. china has sold 1900000 vehicles inside china versus 1400000 you in united states. you don't know all to make or cannot afford to missing out the chinese market. and on top of that, germany's been squeezed by losing access to the cheap rushing gas. and so, so they really need to rely on the, not only the chinese market, but also china. s a is a major manufacturing center for it's also also brand. so this here is actually a double whammy this tariff is a tariff on german. how tools that was manufacturing and china and so. so this is, this is another um, the whole reason of the chair is driven by of washington is not driven by actually interest use ideally, yeah, like entries you know, like, just wanted to ask you about that because we, we, we say that the you members are already divided over these types in gemini, as we the com on your facts. reading an i

thanks for your reporting from volkswagen. thanks for watching dw used by the let's leave elect donald trump again. i am scared for the future of our democracy here. a lot of people on the left is genuinely like, don't see us as people stressed because we think of certain what about the future of this country. but it's also about the future generation. how is gain z shaping us politics? most of the next on d, w. take a deep dive into climate solutions on the agenda at cop 29 from green hydrogen powering public transport to the race to produce high performance, solid state batteries, wind farms, and a are. we examine what works and what doesn't. aid in germany. in 60 minutes on dw, the w travel over the side, 3 food john is with inside a tips. nicole. hi, nice. well, let's go here we go lower. so when it comes to sustain efficiency information and try and do that, when you travel, you can have it all on executive. it has to check the bag. so you're planning a trip. make sure you miss nothing about is on the w travel. i hope you

, we have already talked about volkswagen, tisson krupp, the steelmaking pride of germany, which, wellhow many decades has it been, maybe even more, in fact, it is the main industrial enterprise of germany, they suddenly announced, and we will be cutting back, we need to fire our people, because of course, what kind of a century-old foundry with expensive energy, where can they go, what can they do, this is today’s state... the speech of the german, who himself in fact, he has turkish-kurdish roots, there is such a minister of agriculture, he is from the green party, in fact, he is really green, such a controversial figure, he grew up for many years, he grew up taking different positions, there was, there was criticism towards him, he has his own problems with turkey, erdogan simply hates him, suddenly he speaks out, just recently, literally a few days ago, he touches on the most important, the most painful problem today, this is the problem of migration, this is the problem of migration, which is simply destroying germany, in parallel with everything else, germany is being destroyed t

this opinion was shared by the ceo of volkswagen and earlier the european commission reported that the eu countries approved new duties on electric vehicles from china. on brussels' fight against the chinese auto industry, konstantin churikov. additional duties from the european union may affect almost a third of the export of electric vehicles from china. tariffs from 17 to 35 percent are planned to be added to the already existing ten. brussels believes that china allegedly illegally. uses state support to give its manufacturers a competitive advantage. the highest duties will be set for the saek company, as well as for those who do not cooperate with the european commission's investigation into china's protectionism. and for those who do cooperate, the additional rate will be quite large, almost 21%. actually, they hit three leading companies, these are dzhili, byd and caic, yes, but these are the three leading ones. bmw and volkswagen produce cars in china and export them to the european union, actually there jointly joint brands. in the first 8 months of this year, the eu market p

this opinion was expressed in an interview with german media by the ceo of the volkswagen concern.lier, the european commission reported that eu countries approved new duties on electric cars from china. and now my colleague konstantin churikov will tell us about brussels' fight against chinese auto giants. additional duties from the european union could affect almost a third of electric car exports from china. tariffs from 17 to 35 percent are planned to be added to the already existing ten. brussels believes that china is allegedly illegally using state support to give its competitive advantage for manufacturers. the highest duties will be set for the cyc company, as well as for those who do not cooperate with the european commission's investigation into china's protectionism. and for those who cooperate, the additional rate will be quite large, almost 21%. actually, they hit three leading companies, these are gili, byd and cyc, yes, but these are the three leading companies that produce in china, that produce electric cars and, accordingly, export, plus two leading corporations,

here out of volkswagen.at's the latest this morning. >> we've been talking about the woes of the manufacturing. what we've got today is the proposal for volkswagen, the brand volkswagen with the vw print on the front. what they're actually can -- intending to do without. and john they are absolutely huge talking about cost savings of about 4 billion euros. talking about blanket cuts of workers at volkswagen by 10% across-the-board we are also talking about the closing of three factories. this is a company that has never in its history once closed a factory in europe. talking of a closing three in its home country. potentially one in belgium as well. this will be potentially tens of thousands of job cuts. just to reiterate volkswagen talking about closing three german factories for the first time in its history and germany. >> it's the other big players in europe as well. i wonder this morning whether this is really the start of a much bigger negotiation in government. get your act together and provide some s

the chp says the volkswagen was sent into oncoming traffic and crashed into a mercedes. a woman passenger in the volkswagen was pronounced dead at the scene. >> the evidence that we have gathered so far does suggest the involvement of an additional vehicle. we are confident that we've identified the possible third involved vehicle. >> authorities say the driver and an infant in the volkswagen, as well as two people in the mercedes, were sent to the hospital with major injuries. hernandez has been arrested on suspicion of murder, felony dui and assault with a deadly weapon. he's also being investigated for causing three earlier in the day. crews with the san francisco municipal transportation agency discovered a parking scam at fisherman's wharf. the agency says stickers with fake qr codes were found on at least five parking machines at the popular tourist destination last week. the qr codes would bring up a fake web form where people could make a payment. no word on whether anyone was affected. the agency says the city's parking meters never uses qr codes. a similar scam

let's turn our attention to volkswagen.ouncing plans to cut expenses, but it plans to close at least three factories in germany, cut wages by 10%, and it could lead to tens of thousands of job cuts. another car company also looking to cut costs in united states is ford, currently trading up 2%. stefon is with us to hone in on volkswagen. this is an ev story, a competition with china story, and an extraordinary move, to be shutting factories. >> this is a big move and suggest the golden years are over for this industrial juggernaut in germany. sales are slowing in europe. the main brand that brought us iconic models is struggling. it is struggling at home but also in china, where local manufacturers are taking over. that is a big problem and management knows they need to make cuts. caroline: what is also a weak point is not only their ability to penetrate china but to find a home in europe. stefan: the german economy is stagnating, but car sales are down in europe as a whole. the european car market is a fifth below pre-pand

i think certainly with volkswagen yesterday.undamental issues with the sector and a higher end and whether the ev machine and car companies coming in from china are going to really disrupt this market, but i think it is a tough time for the sector and we will see more support coming through. i think it is one which will be in focus as well as volkswagen. ford with disappointing results last night and certainly with the evolution of the electric cars well leave the industry longer term. >> brilliant. thanks for joining us. you're in glasgow, aren't you? glasgow is fantastic. i went there. the coolest. are you from glasgow? >> yes, i am. >> for our international viewers thinking about a holiday spot. it is great with the castle, but glasgow, you say glasgow is cooler. >> and we're much friendlier. >> all scottish people are friendlier. lovely, zoe. thank you indeed. joining us from the magnificent city of glasgow. zoe joins us from rbc brewin dolphin. >>> and missed the third quarter profit amid lower catalyst volumes and restruct

the 20 year old reportedly rammed a volkswagen suv on stony point road near rohnert park expressway.pushed the volkswagen into oncoming traffic, causing it to crash into a mercedes. the impact killing a woman inside the volkswagen. >> the evidence that we have gathered so far does suggest the involvement of an additional vehicle. we are confident that we've identified the possible third involved vehicle. >> police say the driver and baby in the volkswagen, as well as two people in the mercedes, suffered major injuries. hernandez is now facing charges of murder, felony dui and assault with a deadly weapon. he's also being investigated for causing three other crashes that occurred earlier in the day. >> this morning, firefighters up in lake county are getting the upper hand on a wildfire burning near clear lake. containment has grown over the weekend, and mandatory evacuation orders for thousands have been lifted. the fire has burned more than 400 acres. it destroyed two homes since it started on friday morning. firefighters in placer county are also making progress in their battle aga

i'll send reports from the then unrest among volkswagens 300000 workers in germany. the, a jobs long considered among the countries safest are at the risk. this example is a very trusted customer, obviously calls view. we have to see how we can feed our families and what's next for this region. since this has personal consequences, but also for the region and in fact for germany, volkswagen has suffered badly from strong competition with china. seeing if sales decreased by 500000 cars over the past 4 years. the companies transition to electric costs has also seriously lacked behind costs on set us inside. it's a problem with the management since that is noon. these problems for almost 20 months. yes, it does not present any innovative solutions except that costs the subsidy cuts and the employees allegedly caused the problems. so as long as you bought, the announcement will likely lead to a fee as bathroom it. germany's powerful unions who are hinting at strike action. volkswagen is no longer determined beacon of success and stability. it's been for so many years of