are emigrating apart from the auto industry not many jobs of state and speak out we re glad the jobs we have here are secure. but the situation is very different to supply as this plant south of charleston produces and a 1000000 gearboxes for a range of common but until now only for combustion engines. which is a sort of these days we re a little concerned about how things are progressing in the car industry the fear is that what we re producing here will no longer be needed and it s always us it looks like the combustion engine is on its way out and they re trying to push electric engines through by hook or by crook. they re not thinking about the losses with. at the morning meeting there s a sense of looming crisis the diesel emission scandal has led to a swift decline in orders and in the long term customers are likely to switch to
at the morning meeting there s a sense of looming crisis the diesel emission scandal has led to a swift decline in orders and in the long term customers are likely to switch to electric mobility. so what then. the plant s post says demand for gearbox parts could continue for example in hybrid vehicles which run on both diesel and electric power he s hoping for a long transition period. you know i would feel hybrid cars will take over a large share of the market in the next 10 years it s an opportunity for us because the portion of aluminum in the casting that is in the vehicle itself is going to rise everyone is fighting for orders for the car makers have an advantage it s harder for the smaller casting works we think the market will consolidate in the next few years. the big fear here is that there could be job losses as there well
german industrial production in june $29000.00 was 5 point 2 percent down on june last year that s the largest reversal since the global financial crisis and recession 10 years ago exports of also long been a pillar of the economy also a thing of the past right now germany s exports in june 29th teen were shocking 8 percent lower than in june 28th. industrial companies are dealing with a number of factors the trade war between the us and china is exerting a drag on the global economy. fee is also surround brags that the u.k. s impending departure from the e.u. germany s energy transition the switch to sustainable energy sources is still very much work in progress and adding to the country s woes its flagship auto industry is struggling with homemade troubles they include the notorious diesel emission scandal the conversion to electric drive systems and problems with digitalisation
here is that takata have made lots of auto parts through the years, but the big thing that consumers and auto makers now face is whether or not they still feel safe ewing takat a s air bags. eight deaths, this is no small number. building that confidence will take some time. this is a company which has a lot of trouble, a lot of problems still to come. thank you for being with us. from air bags to volkswagen and the troubles for that auto maker just got a whole lot worse. they re still reeling from the diesel emission scandal. they said they set fuel consumption figures too low when certifying some models. they said i regrets the error and will begin discussing ways to fix this issue with the relative authorities. meantime, japan post holdings is having a pretty good day.
known explosive damage to the bodies. what is painful for the families is not knowing precisely what brought down that aircraft. two different possibilities, john, allison. okay, nic, thanks for that. time for an early start on your money. we have seeing a lot of green arrows, itsian and europe poon numbers are higher. yesterday the dow climbed 29 points. the s&p 500 closed up as well, almost erasing all of its summer losses. it is 21 points shy of its record highs. volkswagon troubles got a little bigger, reeling from the diesel emission scandal the german auto maker saying it set carbon dioxide missions too low when certifying some models, moving