i'm yvonne mann. it has been a week of compelling conversation on bloomberg television.nd up of our best interviews with global business leaders starts with the volkswagen ceo. he spoke with hans nichols about the road ahead for a beleaguered company. >> to put all non-essential spending on hold. >> help me understand that. what is being put on hold? >> for the moment, we have to tighten the belt, as they say in this country, and that affects all different areas. this has something to do with the fact that we should appear more modestly, savings is important. as far as investments in the volkswagen group, it will be 12 billion euros. one billion euros less in the previous year. we're going to scrutinize all projects and we will revisit them. can they be postponed? we are quite confident. in the incoming years, we will be spending less money. >> can you get through this crisis without job cuts? >> that is an important topic for volkswagen with stuff -- job security. it is to in this time of crisis that we want to keep the workforce and all of the plants worldwide as it cu