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tv   Business - News  Deutsche Welle  October 27, 2017 7:15pm-7:31pm CEST

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right before i let you go want to remind you of our main stories at this hour spain's parliament has voted to assume direct rule over catalonia after the region declared its independence from the country prime minister mariano rajoy has called for calm and pledged to restore the rule of law to the region the independence vote in the common parliament followed a fiery debate that saw opposition lawmakers walk out in protest. you're watching you don't use only one rock in berlin thank you so much for spending this part of your day with us we'll be back after the top of the hour. on freedom and home. where i come from the region is rich in history. much so poor in education opportunity and freedom this makes it especially difficult for independent journalists i see many of the younger and promising
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journalists who are now making names for themselves all over the road. some might get tired along the way some might follow. with continue. their experience of freedom in a sense is like the experience of the day you can visit but your call come back. my name is your fifty one i work. at the world's biggest comic a pays daily for its emissions cheating scandal. reports a massive drop in profits. and almost four decades after evelyn first took off tonight's final flight back to the german capital. i'm dead physical and let's
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do business. net profits collapsed last quarter down of a fifty three percent to a little above a billion euros in part to higher costs from the diesel scandal the german comic a is refitting hundreds of thousands of cars rate to cheat on emissions tests its dented reputation especially in the united states you know we use rachel stewart sent us this report. in a quiet corner of baltimore port thousands of folks back in cars are sitting idle it's a kind of car purgatory will they ever make it back onto the road or are they destined for the scrappy. nearly half a million cars were affected by the diesel gate scandal in the u.s. the disgraced models have landed in sites like this across the country gathering dust while the company works out what to do with them. in july the u.s. government approved a fix for many of these cars but customers be willing to give these diesels
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a second chance oh no never i wouldn't even consider buying a boat in period i mean if there are facts and i could be assured that there are facts i'm not sure about buying a diesel car in general but that's how i feel that's it's like fake lead there and you can't really get away with that so i wouldn't really trust i won't trust. the bill for clearing up after diesel gate is already pushing thirty billion dollars mounting costs are taking their toll on v.w. with the company returning lower than expected third quarter results folks were going to north american group declined an interview but told the w. our top priority is to make the settlement process a seamless and convenient as possible we are working hard and dedicating substantial resources to make sure this is the case. but how is this affecting the company's ability to focus on the future of many manufacturers are investing huge amounts in emerging technologies such as automation and electric vehicles
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competition from silicon valley companies like tesla and google means traditional car makers are under pressure to keep up china is going to have all electric cars produced by twenty forty. by twenty thirty they clearly want to have only electric cars so in europe there are really good incentives right if they want to survive they have to follow these technologies. part of the v.w. diesel great settlement did include a commitment to invest in zero emissions technology and the funding of environmental projects but for now a top priority for v.w. will be to get cars like these ones in baltimore fixed and back on sale the diesel going to fare has certainly been costly for folks and these clusters of cars standing silent around the country are a sore reminder of that but the company has said that it still sees the u.s. as a core market despite currently flagging up below two percent of market share it will
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be some time before we can see whether v.w. really can bounce back and of its ambitions to become a true contender on this side of the atlantic can be realized. back to this side of the view from frankfurt where daniel corp is standing by for us daniel the total v.w. is now set aside is over twenty five billion euros that's got a. lot of money that they have spent so far because of all this these are the gate scandal and we are now hearing that they are going to put and the other two point five billion euros on the side because we have a statement a little bit earlier they are just worried at the moment that they're going to be even more lawsuits mostly coming from the united states we just heard in the report for diesel cars have been extremely popular lately. but i can tell you also from the frankfurt perspective that in general even though we are also seeing that the overall sales number of volkswagen have been dropping from seventy seven billion
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euros to fifty eight billion euros investors here are still a very optimistic the share price of volkswagen is one of the biggest winners today even hitting and nine months high here today at the frankfurt stock exchange well i guess a reason for that is the fact that their performance is broadly stronger if you take the costs of diesel great out of the equation. yet some also mostly because when you look at the other countries where of course volkswagen is you know also doing business at china for example a very growing market for the company at the moment so in general that's what's making investors very positive for the next six months don't you call in frankfurt thank you. bye bye a bankrupt airline conducts its final flight from munich to berlin tonight passengers will be getting all teary stuff too but the trustee in the bankruptcy
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says the bulk of jobs could be saved still that's just an assumption. it's a bitter end for many air berlin employees and some are not mincing their words about c.e.o. thomas bingle man was heat when you check out that. blue do you pray. before you go to sleep he. was you feel when you look in the. room. even though bangle man took the helm of air berlin earlier this year is guaranteed at least four point five million euros and thousands of employees are furious that they are being left high and dry three out of four of the eight thousand air berlin employees will lose their jobs look tons and two german states declined funds to
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guarantee employment for a few months more customers may also get a road deal. the felt by consumers less on offer less flights offer over time that gap will be partially filled by mainly by lost tons and tons as low cost affiliates euro wings and possibly by easyjet or commodore but negotiations are ongoing and it's far from certain whether that is going to be successful time has run out for air berlin and its rivals are lining up for its remaining assets but the real painful consumers may only be beginning after roll industry experts predict travelers who have not only few options but also more expensive ones as germany's second largest airline disappears. coffman is that palin's take a lap board for us frank prices going up job losses a lot of long faces in berlin tonight a bit. absolutely especially amongst the employees of two flight
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attendants taking last. the pictures from the terrorists here are the business terrorists girl untypical airports with evelyn flights an airplane in the background and of course is a very emotional moment for a lot of people working for the airline about eight thousand employees this airline had that took that was a branch from berlin evelyn and they were especially proud of their work and what they get there and we're talking about a lot of history here thirty eight years old. it's a company that's gone through a lot of turbulence and that's a long period for the airline industry and a german carrier that was founded in the u.s. funny enough. exactly ben this airline was founded in one thousand nine hundred seventy eight first flight was in one nine hundred seventy nine the year later in west berlin here from this airport and the reason for why this was
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a an american company was set during that period of time west berlin was on the allied control the americans the french and the pritish a safety were stolen and assure the freedom and the pace in in the west part of the city and therefore there's a lot of history in this day in the evening here in berlin when it comes back to the to a time when the wall was still standing and the plot confrontation was ongoing a frank you're about to board the last flight to munich i believe which coincides with the final flight back to berlin i bet it's going to be at emotional ride for you. absolutely for me as well we are broadcasting here from the and we are based in berlin as t w and of course is a snare line we have who says employees as well as journalists as well quite often . flying out and reporting from elsewhere in the world and for me personally like
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many other clients of the airline one thing will really be missed in the airline industry in europe and this is is this. to shukla to halt and this was a good he everybody called leaving the plane from the flight attendants here not only in poland but everywhere at the final destination of a flight this will be over i'm addicted to those chocolate i think everybody excited at the end of my flight not just to be back on but to get my chocolate hot tell me that if you're getting on the last flight to munich in the last flight from munich to berlin is that the exact same time how you will get back. i'm going to take a look down saw flight and this is that's a bittersweet and out with all the chocolates still i will try to take when when i'm in munich tonight because a lot of questions came up during the process of how the steel was made that i was able to take over about eighty percent of the plane of the of this company i and
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future time say will employ about three thousand. flight attendants for example employees but with no wage and the whole thing got evelyn goal to go to one hundred fifty million euros credit from the government why all this was made possible the brought up a lot of critics especially from the competitors like ryanair for example even easier that is that are still in the game however we don't know whether they will take out a final little share of the company i bet all that leaves a bit of taste in your mouth frank catching that last line of the sweet taste of chocolate thank you frank. and i string business with you. and i'm just going on sci fi for just got a couple of those chocolate heights. the
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conflict follows her way and as she got it. he says you guys know me of a do has just one question on her mind for or against catalan independence
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until recently she'd been against separation but the spanish government hardline approach has changed her views. next week. every journey begins with the first step and every language with the first word published in the. nico is in germany to learn german why not learn a half simple online on your mobile and free stuff from d w z e learning course you can speak german made easy listening and then fresh d.w. because i may speak your language talking about them. for content in dari pashto and order prospects for returning our web special refugee journeys of life in germany and the prospects for those returning home. and join the discussion on g.w. dot com and on facebook. prospects for returning. d.w.
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may for mine. these are in gulf by the sea. then all the. walls and costly protective measures were. challenging our church starting november nights on. hello and welcome to focus on europe glad you could join us turmoil continues in spain as the fight for independence and.

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