volkswagen l been way too slow.was pushing diesel for a long time which came to a sticky end a few years ago. they were slow to get into electric vehicles. china has been at this were 25 years, it has a massive advantage in making batteries and electric cars and can do so at a 30% or 40% lower cost. they are increasingly entering the european market. trample be introducing terrace to keep them out, and the european union will be trying that as well to buy time for european car manufacturers to catch up. you mentioned those trump tariffs that we will talk about in a moment. it is a huge cloud on the horizon for global trade as a result. i wonder who stands to lose more there. is it european car—makers or chinese car—makers? we know the trade war between the us and china is in full force. will that be a benefit for european car—makers, if trump slaps bigger tariffs on those coming from china? in bigger tariffs on those coming from china?— from china? in terms of economic— from china? in terms of economic impact, - fro

well, when you think of german cars, volkswagen is probably one of the 3 that you're definitely thinking of. and when we talk about german manufacturing, it's a huge part of the german economy. i know i'm repeating myself, but it's just true it's, it's a big driver here. and germany is an outlier in the european union with how much it relies on manufacturing france for example, i think is it about 4 or 5 percent of its g. d, p is manufacturing. and when you, that's on the macro level, but when you look on it edit on the more of a zoomed in level, these towns, these factories are in, are built around these factories. those closures aren't just gonna have small sites . they're gonna have massive ripple effects throughout those community. so both on the macro level and on the micro level of where those 3 plants will be closed on. and i don't believe that they have announced which ones will be closed, have decided yet, right? so those are, that's going to be an earthquake for those tasks that if you remember that a couple of weeks back when that was announced, what was the reaction from the

industries biggest players are retreating from their vicious promises. europe's biggest comic or volkswagen is considering closing factories for the 1st time and it's history electric vehicles from china or cutting into its market share and high energy costs make manufacturing in germany uncompetitive because the, the big party that this industry has enjoyed and from which german manufacturers long benefited is over. so and i don't think anyone ever thought that the ones in a century transformation of the industry would be a straight line. there will be peaks and troughs, but it's not just a german problem. other european carmakers pay similar headaches, like reno numbers. the truth is we are not yet on the right trajectory to a cheap 100 percent electric cars by 2035. if customers don't follow us, we're all responsible. we need to cut costs. the global use share in terms of sales, slowing down and customer adoption rate, not as high as expected just a few years ago. the results forward is axing its electric 3 ro, s u v. and delaying a next gen pickup plus it's committing to future gas and

plus, volkswagen sells off its xinjiang factory after flagging sales on top of mounting pressure and controversy in the chinese region. welcome to business today, i'm... mark today, i'm... lobel. canada and mexico are hinting at retaliation against president—elect donald trump's promise of tough trade tariffs. the canadian dollar hit a four—year low. the mexican peso also slumped in value as markets reacted to the potential 25% tariffs on their exports to the us. mexico's president warned trump that these tariffs could hurt the us economy and american companies in mexico, urging dialogue. canada's prime ministerjustin trudeau has said he spoke to trump in the hours after the announcement and is holding a meeting today with canada's provincial leaders to discuss a response. monitoring all this from new york is our very own michelle fleury. we've heard from politicians, michelle. now business leaders are pitching in. that's right. i mean, you are basically talking about lots of companies, lots of industries being impacted by these tariffs and one of them is the car industry, which reli

i mean, volkswagen in particular, was pushing diesel for a very long time.. they were slow to get into electric vehicles. china has been at this for 25 years. it has a massive advantage in making batteries and electric cars, and can do so at something like 30 or 40% lower cost. they're increasingly entering the european market. trump, of course, will be putting massive tariffs to keep them out. the european union is trying to introduce some as well, in order to buy a bit more time for the likes of vw and other european car makers to catch up, but they are way behind in this kind of switch over to electric vehicles. yes. and you mentioned those trump tariffs. and we'll talk about those injust a moment. but you know there's a huge cloud on the horizon for global trade as a result. and i wonder who stands to lose more there. is it european car makers or chinese car makers? because we know that trade war between the us and china is in full force. and actually, might that be a benefit for european car makers if trump slaps bigger tariffs on what's coming from chi

plus, volkswagen sells off its xinjiang factory after years of mounting pressure over its operations in the chinese region. and easyjet hits back — the boss of the budget airline tells us a recent spanish fine over hand luggage charges is unfair and potentially illegal. welcome to business today, live from new york, i'm michelle fleury. with the thanksgiving holiday approaching in the us and markets closed on thursday, a flurry of economic data is due today. investors are especially focused on a key inflation report, which could shape the federal reserve�*s next moves on interest rates. minutes from the fed's october meeting suggest they're favouring a gradual approach to rate cuts. ryan dykmans is chief investment officer of dunham & associates investment counsel inc. hejoins us now. good to he joins us now. good to see you before the holiday, thank you before the holiday, thank you forjoining us. the bureau of economic analysis releases the latest reading of its personal consumption expenditures price index — the fed's preferred inflation measure — in half an hour. what are we expe

many volkswagen to get into the weapons making business slight. germany's ryan metal whose stock has shawn up from 9 to 6 years a share to over 500 euro is a share since the conflict began. european seeing thrills taking to the streets and celebration of their countries following in the footsteps of other banana republics . while european leads to him just drop in for their ideological nosedive to impress their girlfriend. lie mirrors will escape we from all. and ever so often biting drops by to give your team leaders a pop talk kind of like and coach sending his punch drunk box or back into the ring chance. and i can discuss ongoing efforts to search support.

industries biggest players are retreating from their vicious promises. europe's biggest comic or volkswagen is considering closing factories for the 1st time and it's history. electric vehicles from china, or cutting into its market share and high energy costs make manufacturing in germany uncompetitive. because the, the big party that this industry has enjoyed and from which german manufacturers long benefited is over. so, and i don't think anyone ever thought that the ones in a century transformation of the industry would be a straight line, and there will be peaks and troughs. but it's not just a german problem. other european carmakers pay similar headaches, like reno numbers. the truth is, we are not yet on the right trajectory to achieve 100 percent electric cars by 2035 . if customers don't follow us, we're all responsible. we need to cut costs. the global use share in terms of sales, slowing down and customer adoption rate, not as high as expected just a few years ago. the results forward is axing its electric 3 ro, s u, v, and domain a next gen pickup plus it's committing to future

us from point a to the future would be dictated by that speed between consumer infrastructure. volkswagen has earmarked tens of billions of bureaus for the development of internal combustion engines. this shift is driven by consumer hesitancy towards their high cost concerns overcharging, infrastructure and range anxiety. some models flocked to adding to vw as was our weaker sales in china. they're the brand is seen as old school entertainment and fund designs are lacking. so the car maker is slashing production and it's 1st all the plant, yvonne where the load started right now we've gone from being an import and load started to unimportant size. my grass that stick all plants in sacks and he has produced electric cars exclusively since 2020 b. w invest in 1200000000 euros to convert the factory fixed. technically you were in a position to build 360000 units a year. currently, your output is around 240000. so that means one 3rd fewer cars are leaving the factory and entire shift has been eliminated. among the employees, concern is spreading. the brands are balancing their push for each o

today, volkswagen will resume talks with the union ig metall, in a bid to avert the possible closuretories in germany and lay off tens of thousands of staff, as it struggles with falling revenue. let's speak to the auto market analyst matthias schmidt, founder of schmidt automotive research. it is good to have you on the programme. so is this really when it comes to negotiations, is this it the less chance to broker a deal? from a vw perspective, you would hope so. they have been trying to broker deals for around the last two decades. , ., , 1528 00:15:27,

the legacy automotive brand, such as mercedes, gm and volkswagen for struggling to break with old value. and we think their business model, they are developing new strategies and response to market dynamics and consumer preferences. that is where it's a good position to be in where your factor is can be able to both be these, but also high tech, electrified combustion vehicles. so we have the flexibility in our production system, but we're also reading a next generation of vehicles. mercedes and v w. have put the brakes on their plans to be fully electric by 2030, reflecting a broader industry trend. the strategic pause allows them to further refine their i c. e models, while keeping an eye on consumer attitudes towards eaves. if you're a well run company, you try to match supply with demand overbuild leaves and there isn't the supply for them. they sit down the lots and lots of reasons for these through the electric plug that speeds that would take us from point a to the future would be dictated by that speed between consumer infrastructure. volkswagen has earmarked tens of billions of

so a massive restructuring taking place, as we heard about in terms of volkswagen. that policy in the uk makes operating in the uk difficult, and they have been threatening to shut plants for some time. they've now come through on that. so i think we have to take that seriously. professor david bailey. stay with us here on verified live on bbc news. for many parts of the uk wednesday was bright and sunny but cold for many of us, some sparkling visibility here in scotland. for others, flooding continued to be of concern, particularly in the passage of this area. storm conall, led by authorities in the netherlands where cuts could be up to 80 mph. it brought some heavy rain across southern coastal counties, less rain across so

volkswagen is recalling nearly 115,000 vehicles over the risk of air bags exploding. have the troubled takada ai takada airgs. >>> stellantis plans to lay off 1,000 workers. the united auto workers union did not respond for comment. >>> and the fda is proposing ending the use of phenylephrine. >>> and paris' notre dame cathedral whose bells were silentfollowing the devastating fire in 2019 will soon echo again. three new bells were slivered, including one used at the paris olympic games. e used at the par olympic games. ahh, yellow! didn't pass the tissue test? buckle up! whoa! there's toothpaste white, and there's crest 3dwhitestrips white. whitens like a 400 dollar professional treatment. pilot: prepare for non-stop smiles. crest. you've got a pepto predicament, ace. you overdid it on the loaded fries and now your gut is in the gutter. undo it with pepto fast melts. so you can keep on rolling. [bowling pins knocked down] when you overdo it, undo it with pepto bismol. [♪♪] looking for a moisturizer that does more than just moisturize? try olay regenerist for 10 benef

i do not know if a volkswagen spy billion-dollar commitment to the american is going down.h is not purchasing as much as it is from germany because they responded and they are not doing it well. it is not just volkswagen. the german automakers have not been hard this bad since world war ii. bmw has earnings strikes by 61%. mercedes-benz has a decline in chinese sales that cut their profit in half. these are big numbers and they resonated loudly more than anything positive that we had heard from the manufacturers. but maybe, just maybe people would start thinking about it and in the entire continent if president elect donald trump really does have a way to end the russian invasion of ukraine. the offset of losses you have to believe that europe will see the biggest rebuilding boom in decades. i know that one day we will look back and think that we were too paralyzed. and the history to remember the old days when europe was a growth market. i just wonder how many times i have to ask ceo how is europe doing? almost always to say how did you know? as always, see you tomorrow on

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ryan metal tags along the other bon instead, volkswagens. oh and schultz also watch some cash for his green agenda to the one that all the struggling farmers hate because it's killing their business. so schultz takes all this, this whole mass and dumpster in finance, minister christian winters law, and says, make it work. so schultz also says he wants uh, quote, social cohesion, pensions and health care in there too. yeah. and lenders like you want me to deliver all this while walking on water while i'm at it. yeah. but i'm out with off show to, along to the north go off shoals as long failed to recognize the need for a new economic awakening in a country which he has long play down the economic concerns of us citizens. even now, he is questioning the necessary decisions ultimately so that citizens can be proud of germany again. his count of proposals adult unambitious and make no contribution to overcoming the fundamental weakness of growth in our country and yet, so that we can maintain our prosperity, our social security bucks and all eco

its economic engine and europe's volkswagen is closing down plans for the 1st time in nearly a century of existence. guess it's really expensive to make cars without cheap fuel . you know, have trump coming back into the office into the white house. he's not exactly the kind of guy to be setting a table for 2. if you get my drift. and here you have chancellor. all sure it's running around trying to plug roles in this thinking shift that he basically created himself wanting to blow the budget on things like subsidizing the price. the energy, when they could have just had the cheap supply from russia, which would probably explain why schultz also says that he wants to keep spending even more cash on cranking out uh supports. i mean, what is for germany? i mean, for ukraine because pay will someone please think of the poor struggling arms dealers. he in germany, i mean, you cranes, afloat on fusions. we are increasing our support for ukraine, which is facing a difficult winter after the election in the usa. this should send a very important signal. you can rely on us too often. federal mi

buscas algo con más espacio en el evento drive de volkswagen? solo necesitamos tu firma.itadas con los nuevos catchers bob's deportivos de manos libres para perros simplemente se ponen y listo por cada par vendido. sketchfest hace una donación para ayudar a las mascotas necesitadas. han ayudado a salvar a más de 1.9 millones de mascotas. el spicy chicken sandwich de wendy's es la combinación perfecta de eat y sabor crispy juicy es como el mvp most valuable vallejo. seguramente you never thought you'll get this close to an mvp, verdad? para un pollo que brings the eat gotta be wendy's or a jell sabe que el dolor bucal te impide a sentirte como tú, así que elige la marca número 1 en el alivio del dolor bucal y obtén un alivio inmediato dirigido y duradero. vuelve a sentirte como tú la primera vez que pruebas vance te das cuenta que tu ropa se siente mucho más fresca y menos arrugada. entonces empiezas a preguntarte si le pongo una hoja de vance al tipo de finanzas, lo suavizará? vance no puede hacerlo todo, pero para tu ropa. one way. una orden de chewy está en camino para

guess virtually really isn't getting the job done. empowering the german automotive industry with volkswagen closing plants for the 1st time in nearly a century of history. the european automotive industry is in a very demanding and serious situation. the economic environment became even tougher. a new competitors are entering the european market. germany in particular as a manufacturing location is falling further behind in terms of competitiveness, maybe volkswagen to get into the weapons making business slight. germany's ryan metal, whose stock has shawn up from 9 to 6 years. a share to over $500.00 euro is a share since the conflict began. europe and seeing drills taking to the streets and celebration of their countries following in the footsteps of other banana republics. while european leads tone just drop in for their ideological nosedive to impress their girlfriend flying, there's landscape we from o to be sure and ever so often. binding drops by to give your opinion leaders. a pep talk, kind of like a coach sending his punch drunk box or back into the ring chance. and i gonna discus

many volkswagens get into the weapons making business like germany's ryan metal whose stock has shawn up from 9 to 6 years. a share to over $500.00 euro is a share since the conflict began. europe and seeing thrills, taking to the streets and celebration of their countries following in the footsteps of other banana republics. while european leads tell them just drop in for their ideological nosedive to impress their girlfriend. lie miracle, escape we from what i never so often biding drops by to give you are a few leaders. a pop talk, kind of like a coach sending his punch drunk box or back into the ring chance. and i gonna discuss ongoing efforts to search support to ukraine's military to show up ukraine civilian energy. your infrastructure is under constant of salt and bombardment, russia know, talked about how germany's economy is under constant bombardment from washington let policies for you probably know how well, at least there are some voices in europe pushing back and resonating with europeans to the shock of the establishment like in austria, where the populace freedom party

in recent months of the government to remove subsidies, youtube's biggest comic on volkswagen, which also a mixed electric vehicles, has announced plans to shut down the factories in germany. and frank officials, once you goes, i had with its threats of finding your pink time because, well done with its buffer requirements on e b sales complete to the last of millions of jobs, hands and data for insight story. all right, let's go ahead and bring our guests in berlin, bin iris founder and editor in chief of be in in tell him who is a business media company focusing on global emerging markets in both from germany, for nan doing an offer director at the center for automotive research and in london, nick gibbs correspondent for automotive news, europe, the continents leading automotive business publication. a warm welcome to you on thanks so much for joining us today on inside story make, let me start with you today. these new you rules that come into force next year are going to require carmakers to cut carbon emissions by increasing the proportion of electric and hybrid vehicles sold,

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volkswagen will pull out of xinjiang region.ter years of mounting pressure to sell its business in the region. human rights commission's have accused beijing of carrying out violations against uyghurs minority groups. the german car giant will sell its operations to a chinese state owned firm. the us federal trade commission opened an anti—trust investigation into microsoft. it reportedly involves the firm software licensing and cloud computing businesses. technology companies are increasingly facing scrutiny from regulators. the ftc refused to comment. softbank�*s boss is on a visit to india where he reportedly met the prime minister and start—up founders. 0ur reporterjoins us now from mumbai. tell me more about the japanese company's plans for india? india stands as a great destination for investment for the japanese tax giant and softbank has seen a very good return on investment they have made in some of the start—ups in india. they have reaped benefits. india has been one market driven by the large ipos of some of softbank�

that's again a particular problem for volkswagen. it's looking to relaunch in the us., exports from europe may be hit by trump tariffs. in other news... the us government has proposed making sweeping changes to the internet giant google, to break up its dominance in online searches, including selling off its chrome browser. it comes after a landmark ruling in august, found that google maintained an illegal monopoly that crushed its competition. google has until mid december to propose its own remedies. the uk has imposed a travel ban and asset freeze on angolan billionaire isabel dos santos — under its global anti—corruption sanctions regime. dos santos, whose father ruled angola for 38 years until 2017, was often described as �*africa's richest woman'. she denies allegations of corruption and says she is the target of a long—running political vendetta. gary wang, the co—founder of the collapsed crypto platform ftx has avoided prison time after assisting prosecutors in the sam bankman—fried case. at a hearing on wednesday a judge said mr wang "immediately did the right

of living crisis, people don't have the money to buy new cars, coming together, so the likes of volkswagenat their plants in germany which would be unprecedented. we germany which would be unprecedented. germany which would be unrecedented. ~ ., ., ., unprecedented. we have got to leave it there _ unprecedented. we have got to leave it there but _ unprecedented. we have got to leave it there but thanks - unprecedented. we have got to leave it there but thanks for - leave it there but thanks for joining us. now to the planned economic team of president elect donald trump. he has made his latest pick for his future cabinet — naming the billionaire investor howard lutnick as commerce secretary. a wall street veteran — mr lutnick — if confirmed by the senate — would be in charge of a 50,000 strong commerce department — tasked with overseeing the sweeping tariffs pitched by trump in his campaign. tariffs that could have huge implications for the global economy. policy analyst terry haynes says it might mean tension in the coming months.— says it might mean tension in the coming months. what you

they are a legacy car-maker and _ legacy car—maker and interesting we've been hearing about volkswageng to reduce its production capacity as well. is this all part of the reordering of the global car industry with all of these new insurgent manufacturers and brands and the legacy players feeling the heat and suffering. i5 the legacy players feeling the heat and suffering.— the legacy players feeling the heat and suffering. is spot on. and in particular _ heat and suffering. is spot on. and in particular the _ heat and suffering. is spot on. and in particular the new - and in particular the new insurgents that are coming, not only tesla, but chinese brands taking a big scare of the european market and making cars as much as 40% lower cost than in europe, so the european and us firms have actually been behind the curve and have to make a lot of ground and unless they do that quickly there is no guarantee that any of them will survive.— will survive. finally, what you make of what _ will survive. finally, what you make of what nissan - will survive. finally, what you make of what nissan h

volkswagen has sealed its new partnership with the electric carmaker rivian. 5 billion dollar investment, vw has now put 5.8 billion on the table to use rivian�*s technology in its cars. it comes as the german carmaker considers closing factories in germany for the first time ever. the first vw models equipped with rivian technology are expected to be available to customers as early as 2027. the retailer homebase fell into adminstration earlier today and 70 stores were sold immediately to the range, which is the owner of cds. the aquistion of the 70 stores is expected to save around 1,600 jobs. hoembases's 49 other stores will continue to remain open while rescue talks continue. britain's guardian newspaper has announced it will no longer post on x, the social media site formally known as twitter. it said that benefits of being on the platform were now outweighed by the negatives, citing content that's "often disturbing" including far right conspiracy theories and racism. us broadcasters npr and pbs withdrew from x last year. markets now, and the mood on europ

volkswagen will pull out of xinjiang region.operations to a chinese state owned firm. the us federal trade commission open and ante trust investigation into microsoft. it involves the firm �*s software licensing and cloud competing businesses. technology dies are increasingly facing scrutiny from regulators. matters chief executive mark zuckerberg matt donald trump at the president—elect mar—a—lago resort in palm beach florida. the facebook onus is the meeting comes and point time for the future of american innovation. he had dinner with mr trump and innovation. he had dinner with mrtrump and members innovation. he had dinner with mr trump and members of the incoming us administration. this comes as leaders of the technology industry i tried to get a sense of what is to expect when the administration changes next year. it's thanksgiving thursday and in the us it is the busiest holiday season for reconnecting with family and in many cases, friends too. according to industry forecasts, nearly 80 million americans are expected to t

volkswagen announcing plans to shed thousands of jobs. >>> let's take you back to the top story and 54%f french people say a no confidence vote of michel barnier's government. it comes as markets continue to grapple with the risk of political uncertainty and national rally leader, marine le pen will vote against the budget if rejected. let's show you yields in response to this. certainly, one of the most interesting stories to track today and over the course of the week. with regards to what we have been seeing here, of course, a lot of moving parts. the spread on the french and german yields at a 12-year high. the two-year in france on the move as is the ten-year. we are seeing german -- french debt rated at the same level as greek debt as this point. clearly, a lot of concerns about the fiscal outlook in france right now. let's unpack with charlotte reed from london. charlotte, it is not just the gap with the ten-year, but the widest since 2012. it is the french risk assets that hang in the balance as we see the negotiations continue to play out. >> yes, that is because we are in the