annette has been looking at this story with volkswagen.nnette, explain what is going and what is the chance we will see a compromise in the near future? >> reporter: the chances are not very high because it seems that the two positions are very far apart. what the unions have put on the table which they call the future plan entails a 1.5 billion euro cost reduction which they will offer through lower wages and one of payments, but what management wants probably equal some 5 billion euro in cost cuts. you see the positions are far apart. as e speak now, those -- those strikes are actually starting. they have been announced to start at 10:00. they will last well into the night shift. volkswagen management is saying that they have safeguarded at least parts of the eliveries to clients, but they will be affected. nobody knows how much these strikes will cost volkswagen in total and also nobody knows how long they will last because this is just the beginning and that's the clear message from the trade union saying this is probably going to be t

if you follow volkswagen, it is a bit like a circus.ge demands and the same as the unions and it is all about coming out with a compromise, so, for example, deewr calling for plants to be cut and we are likely to see a compromise. —— inaudible. —— volkswagen. that will possibly appease the government, unhappy to see a huge amount ofjobs, in fact, been cutjust prior to an election that is likely to play out at the end of february. without compromise there is unlikely to be movement going forward. the key word we are looking for is realism, discussions and some form of compromise. in realism, discussions and some form of compromise.— realism, discussions and some form of compromise. in terms of the politics _ form of compromise. in terms of the politics i _ form of compromise. in terms of the politics i know _ form of compromise. in terms of the politics i know olaf _ form of compromise. in terms of the politics i know olaf scholz i the politics i know olaf scholz has made comments about volkswagen's restructuring as well as other politic

the workers at 9 volkswagen cost actors in germany have gone on strike. the company says it's considering closing factories in germany for the 1st time and it's 87 year history as it tries to save 10 and a half $1000000000.00 by 2026. charlie angela reports from 100 angry, but the time and thousands of workers streamed out at the volkswagen factory and hanover in an attempt to hang onto the jobs and saturdays as volkswagen threatens to cot, pay positions and even and tie cops on as it tries to balance the books, the same is happening at 8 other factories across germany, uninstalling dot com b for the board and millions and we're left with nothing. everyone knows and mistakes were made by management. the task volkswagen is germany's largest private employer. there's a sense it is too big to fail. so there is a quite confidence among the crowd that strikes will tend to go. sions in the phase with the company says this is not a short time crisis. demand is down in china. the electric vehicle, sales of europe, and much lower than expected say, unless we had a

volkswagen and novo nordisk.n you've got the news out of japanese which is seismic for the industry we'll talk about it next year, maybe. sector gains and losers. one sector moving up really. properly moving up healthcare losers healthcare with a gainer on novo nordisk. down is travel and leisure they clawed back a little bit. all i can say to our audience stateside and europe, good luck. if you are getting on a plane, good luck. the airports are chaotic right. >>> the united states congress averted a government shutdown bypassing spending legislation on saturday. it was saturday. it wasn't friday night we had a shutdown for 38 minutes. nothing happened trust me this after government funding expired at midnight. chris pollone joins us from washington my goodness me, we talk about the world, chris, d.c. how exciting is that >> reporter: never a dull moment that is the truth here they thought they had a deal in place last wednesday everything looked great. republicans and democrats thought they were going home for

they got money from volkswagen.o, the part they didn't get into detail on, you will see sharing of engineering. go back to the early teslas when they had an ownership stake -- daimler had an ownership stake in the model s had all kinds of parts and the interior that came out of mercedes and you could tell. they start to share price with the basic stuff, engineering platforms, they can get to scale a lot faster in terms of better costs. it helps them out a lot because volkswagen doesn't have trucks and suvs and the market share isn't very much. if they could share that with rivian, it helps them both out quite a bit. matt: great having your perspective. bloomberg news bureau chief in detroit david welch. i am matt miller. that does it for "bloomberg markets" this is bloomberg. ♪ it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for

>> yeah, i mean volkswagen is in germany which has structural problems we have too high wage costs.ething like at volkswagen 50 to 60 euros per hour the european average is 32 euros per hour in eastern europe it is 10 euros per hour the labor costs -- not labor -- labor costs need to come down but production capacity needs to come down because production in germany got too expensive. of course, in a moment where you have elections in germany as well, it is very difficult to convince politicians and volkswagen is still driven by politicians, that the wages and jobs should cut. therefore it will be a tough q1 for the company. the election campaign that the parties are running is probably on the back of volkswagen, and you know politicians so in the moment you run up to elections, they will not say, yes, it is a good idea to cut the jobs, to cut the wages therefore i would expect an agreement only in march, a little bit later than the market expects at the moment, but it will be painful for volkswagen, that's for sure. >> it is quite interesting how the picture for one company is very

the german also joins volkswagen. walk us is the bottle over wages, steps of the in depth analysis of the days headlines. what are we supposed to read painting through the use of basically you miss all by russian informed opinions. finally, after over a year of genocide, the i c. c has come to this decision is critical debate to the difference between china and most of the rest of the world is a china plans long term inside story do conferences and meetings like cop $29.00 and others make a difference on how to 0 challenges in the midst of how much is happening in enough question. why like this? let denise this call your mind. it's area where the foundation of the the you're watching, i'll just need a reminder of, i told stories, this are all position 5 is a continuing to advance and government how to treat in northwest sylvia. sylvia and meet with the help of russian forces has responded with air strikes and if the province opposition fighters have noted, seized control of to military air force being a level up to ta

if you make the same car in volkswagen it is about i% and it is subsidised.hat vw faces in germany because vw is in principle a political institution, a political company. it is almost like a state owned company because in lower saxony they have 20% of the shares and the trade union has voting rights of 50%. they have the majority. i has voting rights of 50%. they have the majority.— have the ma'ority. i wonder, civen have the ma'ority. i wonder, given the — have the majority. i wonder, given the fundamental - have the majority. i wonder, - given the fundamental challenge faced by vw and legacy car—makers, what are the hopes that the two sides can come to the table. it feels like someone has to blink first and compromises will have to be made, won't they? it compromises will have to be made, won't they?— made, won't they? it will be very difficult. _ made, won't they? it will be very difficult. at _ made, won't they? it will be very difficult. at the - made, won't they? it will be | very difficult. at the moment they are at the table and then they are at the

was at 9 volkswagen ca. factories in germany have gone on strike. the company say is it's thinking about closing factories in germany for the 1st time, and it's a few 7 year history is trying to save 10 and a half $1000000000.00 by 2026 johnny as a report from one of our or angry, but determined thousands of well to stream down to the volkswagen factory and hanover in an attempt to hang onto the jobs and saturdays as volkswagen threatens to cot pay positions. and even in ty cops on as it tries to balance the books, the same is happening at 8 other factories across germany. uninstalling dot com b for the board and millions. and we are left with nothing. everyone knows and mistakes were made by management. the task. volkswagen is germany's largest private employer. there is a sense it is too big to fail. so there is a quite confidence among the crowd that strikes will turn. negotiations in the phase of the company says, this is not a short time. crisis. demand is down in china. the electric vehicle sales are due at a much lower than expected say, unle

some of the photos is a conflict. volkswagen has created. we didn't want to. we will fight it as hard as necessary. today, these workers are in the striking for a few hours, but over the coming weeks, 6 back, so there is strikes, could escalates into, on limited strikes. so why is this happening now? will be w size. this is not a sort time prices, they need to cost capacity and that's that. and the program seems to be to fall. they were pretty late to the game. they invested millions into a new strategy, developing their and sofa and even other in factories. but it looks like that investment just hasn't paid off those folding demand for electric vehicles like in europe and in germany. but there's also a slow down in demand from china. that'd be w. used to be one of the most popular comic has uh, but it's recently lost a bit of its brand appeal and chinese size seems to be tibits a small home growing brands. but the company had the cfo recently said the volkswagen has one, maybe 2 years to turn things around. the question is what happens to these walkers into v

volkswagen that has 10 brands, stellantis 14 brands.a risk of car companies not going far enough and having to renegotiate things. these negotiations are very much live but that is the state of play for volkswagen and the management board. tom: we have seen pictures of that huge walsenburg production facility. -- wolfsburg production facility. this is a german story. this is a german economy story. that is why there is the politics at play. you have been talking to key leaders when it comes to that election in germany. who have you been talking to? oliver: front and center is the economic situation in germany. admittedly, this will be a large part of why there are so many problems politically. it is not just the political story, it is an economic and strained budget story. that brought down the government. a voice i have been speaking to yesterday, someone we do not speak to very often, the head of the afd alice weidel, first ever chancellor candidate for the afd. the reason they put forward a chancellor candidate is because they are ca

so down and volkswagen in germany as thousands of workers go on strike to demand better wages. the in depth analysis of the days headlines. what are we supposed to read pins through the use of basically you miss all by russian informed opinions. finally, after over a year of genocide, the i c. c has come to this decision critical debate. the difference between china and most of the rest of the world is a china plans long term inside story do conferences and meetings like cop $29.00 and others make a difference on out to 0. examining the headline unflinching journalism. sharing postal stories with a global audience. exploring abundance of world task programming on our 20, breaking barriers and define expectations. there had never been an official match with middle school against was able to read the short such a team did it. from local fields in member, okay to the international state. these today is prove that size doesn't define strength. i'll just say well for those in, instead of raising the story of the house and disappointments and team trust rising to the chinese on pouch

the task volkswagen is germany's largest private employer. there is a sense it is too big to fail. so there is a quite confidence among the crowd that strikes will tend to go sions in the phase . but the company says, this is not a short time crisis. demand is down in china, the electric vehicle, sales of europe, and much lower than expected say, unless we had a dramatic change in demand. so we like to 1000000 shorts in the bond in terms of units in comparison to 2019. so the cake is smaller. we just don't need as much capacity as we have right now. so that is not something that is, was responsible to of the management of folks on these employees. in the fax, we will start was suddenly just a few hours. but over the coming weeks, these will have to escalate into unlimited strikes as in union threatens the biggest fight. and the company's history negotiations will begin again next week with the union sizes away cuttings of the comic. it is considered a metaphor for the state of europe. largest economy. stop rose christy. this has been with the w for 29 years and now to the work is c

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 the beads their high cost concerns overcharging, infrastructure and range anxiety. some models flocked to adding to v w as was our weaker sales in china. there, 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 and that means one 3rd fewer cars are leaving the factory and entire shift has been eliminated. among the employees, concern is spreading so brands are balancing their pus

the legacy automotive brand, such as mercedes, gm and volkswagen for struggling to break with old values. and we think their business models, they're 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 the 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 and may have supply with demand overbuild leaves and there isn't the supply for them. they sit down the lots and lots of reasons. you see the electric plug that speeds that would take us from point a to the future would be dictated by that speed between consumer. volkswagen has earmarked tens of billions of bureaus for the de

your 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 a german manufacturers long benefited is over. so, and i don't think anyone had ever thought that the ones in a sensory 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 i'm 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 act seeing its electric 3 ro, s u, v, and domain and next gen pickup plus it's committing to future gas and diesel models, citing a lack of consumer interest and

y después de varios días que los trabajadores de volkswagen pusieran presión para una posible huelga, informe cnbc para telemundo, volkswagen y los líderes sindicales reanudaron conversaciones el lunes luego de que los trabajadores advirtieron a la compañía de una posible huelga para el año entrante si no llegaban a un acuerdo sobre los recortes salariales y cierres de plantas. anteriormente, volkswagen propuso recortar el salario de los trabajadores en un 10%, eliminar las bonificaciones y reducir personal para adaptarse a la demanda de vehículos eléctricos. sin embargo, esta es la quinta ronda de negociación colectiva prevista para 2 días y se espera que con los futuros encuentros lleguen a un acuerdo antes de la navidad. stellantis, la empresa matriz de chrysler, está retirando del mercado más de 2000 vehículos jeep renegade de 2021 a 2023 por dificultades, instalaciones incorrectas con las luces de marcha atrás. se espera que se le envíe una notificación por correo el 30 de enero a los propietarios de estos modelos que obtengan reparación por los distribuidores sin ningún costo. l

so that's a bad precedent to work as a volkswagen. here in germany have launched folding strikes and an escalating dispute with one of the country's biggest employers. unit id metalli has described . the app has colby action in protest against planned wage cuts and possible funds . enclosures, comp make assessments, being hit by spiraling manufacturing, costs and competition from china. despite pay not billions of yours in dividends. it was i felt stronger factories across germany, size, double cost plus they are demand, pay increase job security and the factories to keep the doors open at the plant. in one of the a huge worry is that this facility isn't denture. really startled by this is or least the most of the muslim views about, you know, is the what do you like? sure. but obviously it starts at 14, come a thoughts of all the way on the other hand, poor the as the as a one plus coast model by the 50, the know it's a quite different. i got all of the reasons and that's 5 isn't really in the impact of the strike. volkswagen said th

the volkswagen suit makes major costs so far. the german government has yet to announce any support for so no to motive industry, but it did. however, for ukraine, chancellor of shaw says visited k of pledging $680000000.00 in military $850.00 is the board soft and dish. my most important message is that germany is firmly on the side of ukraine. ukraine can rely on germany. we will not give up our support for ukraine to me. let's discuss the oldest now with a guest, a good, not back alternative for germany party member. many thanks for joining us. it's very nice to see you this evening. so people in germany are protesting against these major concent volkswagen that the results really of the current economic crisis in the country. but the chancellor decides that the way to go is to supply more age to ukraine. what do you make of shows as priorities? it's nothing you really, i mean these protests plus it'd be understandable germany, is it economic free for and eventually people operate testing. and the surprising thing is that it t

a four—hour work stoppage has been called at nine volkswagen factories across the country.n from china. professor ferdinand dudenhoffer — who has held senior executive positions at porsche, opel and citroen — told me that vw has a unique set of problems. it's damaging, and we don't see an end to the conflict, because on the one hand, we have the trade union, they want to increase its wages and, on the other hand, we have the management of vw, which is in big problems, due to increasing costs. just to compare it, if you produce the same car instead of wolfsburg, for example, with skoda, skoda is very successful, has better prices for the customer, and it has margins of 8%, 9%. if you do the same thing, the same technology, the same car in wolfsburg, it is about 1%, half a percent, and it is subsidised also in the past by china, so it is— a dramatic situation which vw faces in germany, because vw is in principle a political institution, a political company. it is in some kind, like a state—owned company because the state of middle saxony has 20% of the shares, and we have a t

work is at 9 volkswagen coffee trees in germany have gone on strike. the company says it's thinking about closing factories in germany for the 1st time and it's a 7 year history. charlie angelo reports from hanover angry, but the time and thousands of well to stream down to the volkswagen factory and hanover in an attempt to hang onto the jobs and saturdays as volkswagen threatens to come pay positions. and even and tie cops on is it tries to balance the books. the same is happening at 8 other factories across germany. uninstalling dot com b for the board and millions and we're left with nothing. everyone knows and mistakes were made by management. no task. volkswagen is germany's largest private employer. there's a sense it is too big to fail. so there is a quite confidence among the crowd that strikes will tend to go. sions in the phase of the company says this is not a short time. crisis. demand is down in china, the electric vehicle, sales of europe, and much lower than expected say, unless we had a dramatic change in the mode. so we like to 100000

let me say that again. 500000000000 euros mole. meantime, volkswagen. another industrial giant's, a suffering historic loss is joad. why is the you allocating this, this much money to defense? while as business is going down the drain, because they are absolutely committed to this ridiculous policy that never made any sense. for europe, it was really a policy driven by the united states, but europe's leads embraced it. and of course, it was all based on the stock, but it will in no way advise and see europe in the interest. i mean, the jeremy jeremy has been now suffering one quarter after another. all the negative growth german uh, basically cannot afford it's energy and that's why it's closing down as plants. that's why the industries i'm moving to the united states. the americans are sitting pretty live there, okay. and of course, it was office that they would be doing very well and forcing the europeans to go against their interest in buying energy from the united states. but now the europe that leads a so whether to this policy that they're unable

. >>> coming up on the show, signs of the potential progress with volkswagen and unions and they looko trying a deal before christmas. we'll have the details after this break where can nfl fans get a great deal that turns christmas day into game day? x marks the spot. the nfl is streaming christmas day games exclusively on netflix, and you don't want to miss a moment. gather round the game because nothing says holidays like family and football. now xfinity customers can add streamsaver including netflix, peacock, and apple tv+ for just $15 a month. stuff your stockings with tons of entertainment and tons of savings. bring on the good stuff. xfinity. >>> very good morning, everybody one. let's get a check of what is happening in germany there have been rapprochement talks with the automaker volkswagen and unions. with both sides said to be quote tentatively optimistic however, no agreement has yet been made with the ig metall union said there are disagreements that could cause the issue to fail. cnbc has approached volkswagen for comment. >>> this as german equity have been on a tear t

summer. rain 4, sure o'clock algebra brisbin or thousands of workers at the german also joined volkswagen have begun to strike in an escalating bottle over wages. a major union has called the strength of the car makers. headquarters involves ferg and other cities. volkswagen plans to layoff thousands of people, cut, pay, and closed plans for the 1st time. and it's home country. germany's biggest employer with nearly 300000 workers has been struggling with weak consumer demand. and raising production costs. management wants workers to accept the 10 percent across the board pay cuts. romania as governing social democrats have the leads and the parliamentary election with most of the votes counted tardy, has just under a 23 percent. supports a 4 right opposition party has made big gains, defend a 2nd with 18 percent of the votes. it's all coming a week after 4 right candidates, unexpectedly won the 1st round of the presidential election. romania has been rocked by political turmoils since the top court order to recount of that votes. and the court is due to rule later on monday on whether to

volkswagen and union leaders are deadlocked on closures.uggle ahead of the fed rate decision, plus israel again says there may be a cease fire as a working group tries to establish one with mediators. whether or not they revise lower expectations, there is a view that they pull those in in 2025. european stocks are flat, ftse futures are similar. looking to add 1/10 of a percent. let's flip the board. 6% on the 10-year depending on the gender of the administration. inflation data is expected to lock in, cautiously indeed. bitcoin taking a breather, dropping but let's not forget about market chaos with traders piling in as the lower house approved presidential plans with changes that water down investor concerns. let's bring in mark grant yield. does not seem to be doing much, what is happening? mark: classic case of investors thinking authorities are behind the curve. the deficit has gotten too big, they need to rein in spending. still a huge deficit, people lost confidence and central bank is trying to stabilize markets. traders are lookin

yeah. born into the volkswagen. mm hm. the smoke smug and it go back one way trip course, that's a fake video. it's an a video hard to tell these days what so we don't want snow. but what's definitely realty is the state of german at the german economy. it's basically in a lot of trouble. it is, it's getting sandwich so hard that according to the economic institute report, 38 percent on german companies plan to reduce their workforce in frontier 253030 percent. that's what thousands and thousands of people. wow. and of course, the big automakers, audi. uh, you know, volkswagen, favorite of our all friends come take it his name to them and they're also letting a lot of people go. meanwhile, all the cash is flowing towards the other computer of our day to knock over here. mm hm. it's actually not just dark or fewer. it's ukraine. israel and eligibility organizations. oh, okay. yeah. no, talking to the ukraine. israel m l g b t organizations which have become basically the fabric that is jammed down your throat everywhere you

it's in to really in the impact of the strike. volkswagen said they are in emergency multiple choice short deliveries. but the unions here are pledging a fight into the winter. they're pledging to is going strikes on massive strikes, starting in january to pushing management towards better deals for workers because they want to avert plan closer. and keep wages at the level that they've had before . the german autistic tardy is also one of the country's biggest employees. almost 800000 people are employed in factories the cater to the auto industry. the market size of the industry is more than 300 feet in new york, so the impact on local jobs is huge. industrial, ty confessed logging in and other big names like the amount of stuff authorized and sick to an are in trouble. dispos stuff, times a hit for european automakers. let's talk more about this. i'm joined now by my dw business colleague, cassandra son could seek sandra. so the problems of v w really seem to be escalating. yeah, and this is really the way to show of anger from these employees because prior to 3 months ago they ha

the german auto, john volkswagen, begun industrial action, and an escalate to buffalo. the wages, a major union called the strength of the common cause, headquarters and votes bag and other cities. volkswagen pines to lay of thousands of people come to pay in close ponds for the 1st time in his home country. is jeremy's biggest employee. would they be 300000 workers right up to date for the company. that's it for me. the fucking time to get our website out to it don't comes up multiple, don't go to the 5 top stories, including latest developments. and so we account of the cost is coming up next. choose taking us for that. now the the hello there. it's being exceptionally where to go southern parts of india, thanks to a tropical icon. that slammed into put the chair, bringing with it very heavy. right. and you can see that wide spread flooding. now it has continued to push its way for the west, while the remains of that system it will pull out to see but behind it we've still got some big bus of rain to come for likes of carola, come on. i do and some eastern areas of in

of all that off the um, the making a little fuel the fuel for volkswagen. mm hm. missing black doors land on the video of the uh, h e and does his, does the model is told the hell's bells has kind of sideway? no, this isn't a joke. germany is in serious trouble. and some of the big names these uh, you know, power houses. now they might a made a, you know, artillery pieces like cool for the germans or siemens. they might, a made radio sets for the nazis to evade the various countries. you know, even supplying equipment to some of the desktops, but we don't wanna talk about that right here. we want to talk about the, the industrialization of europe. and i'll give you, we've got some interesting numbers here of just so many jobs are getting lost right now in portland, there's massive layoffs coming from the german people. one of the largest is ford dealership on the german railroads. well, they're gonna kick out 13000 people. well, we've got some crypt company. the one you mentioned in the some stories for killer children company is going to layoff 11000 peopl

you know, volkswagen favorite of our all, fran, to come take it his name. are there also letting a lot of people go meanwhile, all the cash is flowing towards the other view of our day to knock over here? mm hm. it's actually not just darker fewer it's ukraine, israel and eligibility organizations. oh, okay. yeah. now talking about ukraine, israel m l g b t organizations which have become basically the fabric that is jammed down your throat everywhere you go in, jeremy. that's what we'll look at a average german school where they betray and you know, display the symbols of everything that was important to jeremy. of course, the national flag or the regional government flag is at the center right now. you know? yeah, yeah. one of the that's have a look at this notes is where's the germans that they're in the middle. oh, oh i see. okay. so you got israel. we got you, we got the gave flag, perfect combo. that's all you need. that's all you need to hollow out your whole civilization for a good old george soros to attach a college. so guess what all is not lost

let's look at volkswagen versus gm and toyota.ny, the biggest market where there's intense competition that is cutting into their profits and their sales, including from chinese automakers. in china, where it used to be number one, those days are long gone. their sales through q3 this year down 10%. that's the region that's killing them relative to the last couple years. they will have those meetings today. if they cannot reach at least some negotiating where they say, okay, we need to come to common ground, then they will put this off to 2025 and there is the possibility that you could see widespread strikes early next year because the labor, the manual labor and daily labor on the line in germany have said time and again we will not accept plant closures. we will go on strike. we will make things messy here unless you find a way of cutting costs without cutting these plants. >> phil, just in terms of all of this, with the labor union talks what's the biggest usual you that could be an impediment here in. >> closing plants. they

and what's at stake for many of volkswagen. stop the i'm paying for the will and welcome germany's transfer. all of schultz has arrived in the ukrainian capital key for a surprise visit. it says 2nd trip there since the start of the war. upon arriving, he announced the new 650000000 euro arms package for ukraine and stress the germany would remain the country strongest supporter in europe. ukraine is struggling. defend off a grinding offensive and support from the west keys, largest military bank that has been frozen into down by donald trump's return to the white house in january to get, you know, use chief political edit. michelle cook now is with me here in the studio for more mission of a to lisa, as adults about the timing of this trip. the test was only 2nd trip to ukraine during this war. yes, but as we can tell from the other news you've given us, it will read it as a political cross rows. that will be a trump, to presidency in danbury and tony acosta. we just saw the, the new you council president was there yesterday t

what's happened to volkswagen is similar to other car manufacturers — it lost the ev race in china in those same chinese brands now are taking their european share and exporting more and more. so, yes, they've been locked in bitter talks with the union since september, really, when they announced that they were considering closing down their first factory in over its 87—year history. the culmination — you're right — we see today in the warning strikes which are going to happen across plants in germany, and shares down 28% for the year, and really have performed poorly over a five—year period. performed poorly over a five-year period.- performed poorly over a five-year period. ok. colleen, thank you _ five-year period. ok. colleen, thank you again _ five-year period. ok. colleen, thank you again for _ five-year period. ok. colleen, thank you again for your - five-year period. ok. colleen, thank you again for your time. chief investment officer at wealthify. now to france, where it's a make—or—break week for the eu's number two. the fragile french assembly led by prime minister michel b

because volkswagen could naples have other immersive expeditions. also try to give guess the feeling that they're right in the middle of the work to readers if use popular works for renaissance masters, crowd monet's, colorful garden paintings, gustaf crimps golden age works, and the vincent then goes iconic. paintings immersive exhibitions can run in parallel in different locations, but not everyone is so enthusiastic about these new forms of presenting and repackaging are. there's no creation, they just use a name as a label just to attract people for something that is entirely fate. they'd also disregards in this respect the artwork of this painters. they were not supposed to be immersive, obviously, which you know, would frida kahlo would have thought about these immersive expeditions. but some living artist have no qualms about them. in fact, british painter david hockney worked on turning his own iconic paintings and to walk projections for this immersive showcase. no less striking, but far more abstract is work by artist for feet and at all.

level wages, volkswagen, the plans to lay of thousands of people can't pay and closed plans for the 1st time and it's home country. charlie angela is as a strong count side of volkswagen factory and hen ortho. of the, the facts of the unit in the maybe even the time period in the old. now you said there was a need to talk to folding them on the right. the, the reason for calling the 2429 the reason that they didn't do on the side, the no home sales to the v as in new york. mm hm. yeah. the other problem, it's slowing jamal. and in china for decades, vw was the largest foreign comics for that, but lately the ground that you know, some of its appeal more time is by the findings of home going from the cfo is the part of it said recently that the company has one, maybe to his conference around, but the question is, what happens to these watches, answered the company if they called reduce costs. charlie on to the out, is there a kind of facilitate here on out is there and support smiling through the tools we'll hear from menches to cities manager as this list run of defeats and yours. th

time, in europe, stellantis is facing pretty much the same pressures that other car—makers like volkswagena large number of factories making a lot of cars, but there isn't the demand there should be, particularly for electric cars, that it's invested a lot of money in developing. and at the same time, like other manufacturers, it's facing competition from chinese brands, which are coming in and taking a share of the electric car market. so all of this is coming together. last year was a very good year for stellantis. this year has been a pretty dreadful one, and the share price has been plummeting even before the resignation of mr tavares. so it would appear that the rest of the board, and possibly the agnelli family, through the chairman, john elkann, have decided now is the time to do something different. mr tavares was due to resign due to retire in 2026 anyway. his position had been weakened because of that. it seems they've brought forward the transition and decided to get rid of him sooner rather than later. the latest there from respondent feel. —— mike respondent, theo. now to japa

his social democrats will lose to the conservatives was a volkswagen is to hold multiple with unions aiming to resolve an industrial disputes before christmas. the com. a code ones to impose 10 percent pay costs, and this preston name to slash $5.00 thousands of jobs in germany. the w says is being squeezed by rising costs, and the competition from china will sort of these in the french overseas territory of male. it's the hundreds of people have been killed by the most destructive sidelines in nearly a century. the small island of the stuff, or can coast, was already franz's poorest overseas region, before it was devastated by cycling schneider. now the storm has raised fears about mister monetary and situation. first came the winds and rain from cycling chito. and then came the next thread. the wind spread destruction left behind them. i got one of francis poorest overseas territories of the rescue. teams have already started to clear the debris left behind by the storm and help is on the way from france in the form of emergency workers and humanity hearing aid, a badly needed life