video transcript

-- -- -- -- Profits this year will be -- -- changed off to meeting its profit target to any twelve let's talk with the company's chief executive team that set shot. Out of -- Ghana and Germany have such a thanks for talking eye with bright says. I'm -- yeah it's GM that raising their profit full cost you -- thoughts. Why the difference. Well we are going another streak a year off very high investments into our future. The way have a huge Sherron product offensive for ongoing terror and that is certainly is somewhat dampening our. Profits development. And we will see the harvests -- 2014 and the following years. But certainly -- -- that says market conditions especially in Europe of course are not too promising but that applies to all -- us. Our our investors getting less wary now they may have been losing patience. With Ayman -- what do what is your sense of getting less wary. All of them at least the last two days says says today yesterday and today. Or -- developed sort of positively. We are infrequent -- -- -- investors we would go another crucial of course after. This profits Eric releases. And term these are constructive -- -- discussions. I'm a little about China how are you planning to change your strategy that given the fact that Audi and and BMW. All all -- seemed to be faring best -- -- not been done up. We came -- through the Chinese market and our direct competitors. For about six years there where had very good Sarah growth. There are they catching up with the two rivals that are basically equaling one of them. -- last year. -- momentum slowed down. For a number of reasons including. Two with different says companies -- not harmonized in their actions among each of us. We have changed that went -- -- that we have given there are more strength gold leadership and Eric in China. By having Arab member of the board of management to offer and I'm or. They are taking this responsibility. Paris and last but not least we just invested sorely tests -- are -- announced their intention to invest in -- bike. Numb which on the other would give us a bestseller Specter of bases to benefit from the -- new product coming to China as well -- -- because this summer and this Clausen fall in China. Went when can we expect -- I'm not to be outselling Audi and BMW in China. Well China are is that are almost a whole market for audio haven't been there for decades. So called suing them is quite a challenge but we definitely will -- Get closer Eric in the coming years and -- though -- target of between the two other. -- -- us in William by 2020. We can do that without being inept save me in a similar. Region in sales in China are there so that's totally a target. I'm a little while the Euro strength from one studies of 135 really is fuel and I've spoken except. FX guys this week we're talking about 140 is targets. I must be scary threat for -- -- ahead. That your daughter of 140. Well for the 2013. We are that are in high percentage pitched so the remaining impact so the strength of the Euro -- is limited therefore. Now of course that's only a delay -- him on the other hand there are. Many Arum forecasts would expect. Exchange rates in their level of there have purchasing power -- Which would be something like 125. If and when this when we reached two the market opens they would decide that. I just to finish out with the U contracts being extended by five years. How long you wanna stand on you'll be I believe 65 when this new contract -- comes to lament. Well there to rising book meetings but this has to be decided to will be later this month. There're so we should discuss that after that meeting. All right -- protest -- and up but talking with us. I have to check who is the -- CEO of -- not talking to us from should have gone and -- find out what's moving. At a market that twelve G market pulse will be on the inside a platform will also be discussing the outcome. A village Bank of England policy meeting on -- from police is Lexus.