Lau: H.K.'s `One Country, Two Systems is Flawed'

Bloomberg's Rishaad Salamat speaks to Lau Wai Hing, a legislator in Hong Kong, who also works for the Hong Kong Democratic Party, ahead of the first policy speech by Hong Kong's chief executive C.Y. Leung.
VW Faces Costly Fixes as it Seeks to Cut Spend
31:00 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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