Browse content similar to 01/04/2016. Check below for episodes and series from the same categories and more!
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Tesla unveils its new model. Apple celebrates its 40th birthday and we | :00:32. | :00:43. | |
meet the co-founder who sold his 10% stake back them for 800 arcs! -- | :00:44. | :00:55. | |
back then. Good morning. Welcome to the programme. If you are watching | :00:56. | :01:01. | |
in Britain, you are trying to get to work. If me ten minutes and I will | :01:02. | :01:06. | |
give you are fascinating and exciting snapshot of all the latest | :01:07. | :01:12. | |
in business. Coming up, Chinese factories. It is exciting stuff! We | :01:13. | :01:19. | |
will talk to Ali Moore, in Singapore. | :01:20. | :01:21. | |
We start with the world of electric cars - and a hugely important day | :01:22. | :01:25. | |
In the last hour it has unveiled this - its big hope for the future - | :01:26. | :01:30. | |
Up until now Tesla has made expensive electric cars for wealthy | :01:31. | :01:37. | |
drivers who can afford a price tag of $75,000 and up. | :01:38. | :01:40. | |
But at less than half the price - the Model 3 is Tesla's attempt to | :01:41. | :01:43. | |
get more of us to ditch petrol and diesel and bring electric | :01:44. | :01:46. | |
Tesla's been very successful as a niche manufacturer but if it wants | :01:47. | :01:54. | |
to sell cars to the mass market it will have to take on the big | :01:55. | :01:57. | |
established names - many of them are now offering full electric cars. | :01:58. | :02:02. | |
Let's remind you of what it's up against - Nissan's Leaf was | :02:03. | :02:07. | |
the first mass-market plug-in car when it launched in 2010. | :02:08. | :02:11. | |
It's one of the cheapest - at the equivalent of $29,000. | :02:12. | :02:15. | |
Last year it sold more than 43,000 cars around the world. | :02:16. | :02:21. | |
Just over year ago BMW entered the fray with this - | :02:22. | :02:24. | |
It's a fair bit more expensive - but still managed to sell almost | :02:25. | :02:30. | |
Other big carmakers have been plugging into the market with | :02:31. | :02:37. | |
electric versions of their best selling cars, like the Ford | :02:38. | :02:39. | |
But the problem with all of them is this: range. | :02:40. | :02:46. | |
Around 100 miles on a single charge is just not | :02:47. | :02:49. | |
The Tesla Model 3 is promising to give double the range - | :02:50. | :03:04. | |
around 200 miles - for a price tag from $35,000. | :03:05. | :03:15. | |
Tesla hopes it will attract buyers who would normally go for cars | :03:16. | :03:18. | |
like the Audi A4 and BMW 3 series and allow them to finally take | :03:19. | :03:22. | |
Let's speak to David Bailey. He got up nice and early for us. Nice to | :03:23. | :03:36. | |
see you. For the electric cars, it all comes down to the tree and we | :03:37. | :03:42. | |
know that Tesla has invested $5 billion plus into that. 250 miles | :03:43. | :03:50. | |
for the layman like myself does not sound too bad! That is the holy | :03:51. | :03:56. | |
Grail. Can they have significant range at an affordable price? The | :03:57. | :04:02. | |
key is that the battery cost. The factory should produce half million | :04:03. | :04:08. | |
batteries and drive the price down significantly. At the moment, half | :04:09. | :04:14. | |
the cost is the battery. If they can bring it down they can sell to the | :04:15. | :04:20. | |
mass market. Apparently people have been lining up to pay at does the -- | :04:21. | :04:32. | |
$1000 deposit. 150,000 people have put down deposit according to Tesla. | :04:33. | :04:37. | |
But I am wondering, will this car before Tesla what the iPhone is for | :04:38. | :04:43. | |
Apple? This is one of the most eagerly awaited cars in automotive | :04:44. | :04:51. | |
history. People have been queueing up, putting down deposits, and that | :04:52. | :04:56. | |
will bring in hundreds of millions of dollars, real cash boost. They | :04:57. | :05:05. | |
will be hoping to increase the markets and scaling down production. | :05:06. | :05:10. | |
-Million hopefully. -- scaling up. We may look back at this moment in | :05:11. | :05:18. | |
the years to come as being A significant car in bringing the | :05:19. | :05:20. | |
electric vehicle into the mass market. Will this spurred some of | :05:21. | :05:33. | |
the other manufacturers to also get involved? There will be increased | :05:34. | :05:39. | |
competition. One of the challenges is time like this, General Motors | :05:40. | :05:44. | |
will trying get their vehicle to market before theirs. Tesla is | :05:45. | :05:50. | |
moving into the mass market but the electric car competition is hotting | :05:51. | :05:58. | |
up. Thank you for joining us. In Asia, there are good signs that the | :05:59. | :06:05. | |
slowdown could be improving. I always say it, let's get more from | :06:06. | :06:15. | |
Ali Moore, in Singapore. Sex up PM eyes for us! We have lots of | :06:16. | :06:21. | |
economic news out of China and not a lot of that has been positive. | :06:22. | :06:25. | |
Yesterday, standard and Poor downgraded its outlook for the | :06:26. | :06:30. | |
economy but today's news is on the good side. They have been a lot | :06:31. | :06:35. | |
busier than people have thought. It is called the purchasing | :06:36. | :06:42. | |
manufacturer index, it measures activity, and it rose to 50.2 in | :06:43. | :06:48. | |
March. It is up only marginally from the previous month that this is the | :06:49. | :06:52. | |
key, it is just over that 50 point mark and that is that the market | :06:53. | :06:56. | |
that separates growth from contraction and analysts had not | :06:57. | :07:02. | |
predicted that. In dust for profits were higher so basically people are | :07:03. | :07:08. | |
feeling better. But do not hold your breath. -- industrial profits. Great | :07:09. | :07:19. | |
stuff. We will talk to you soon. We are also going to take look at big | :07:20. | :07:27. | |
the big business world - because forty years ago today three young | :07:28. | :07:30. | |
a computer company in an apartment in Mountain View California. | :07:31. | :07:33. | |
The rest, as they say, is history - Apple is now worth $600 billion. | :07:34. | :07:36. | |
We all know the story of the late Steve Jobs. | :07:37. | :07:45. | |
The nerdier among us will also know about the flamboyant Steve Wozniak. | :07:46. | :07:48. | |
But there is a reason few can name the third co-founder of Apple. | :07:49. | :07:51. | |
Ronald Wayne was the man behind the famous logo, | :07:52. | :07:53. | |
but sold his ten per cent stake early on for a few hundred dollars - | :07:54. | :07:58. | |
in what proved to be one of the most expensive decisions in history. | :07:59. | :08:06. | |
The BBC's Dave Lee went to speak to him and found he had few regrets. | :08:07. | :08:14. | |
anniversary in jobs had this focus. Once he got an idea in his head, | :08:15. | :08:23. | |
that was the and you never wanted to be in between him and where you | :08:24. | :08:29. | |
wanted to go or you wound up with footprints on your forehead. This is | :08:30. | :08:33. | |
the contract. He regarded me as something of eight minor mental | :08:34. | :08:39. | |
because I had somewhat more diplomatic way. The problem he was | :08:40. | :08:47. | |
having was with Steve. It took me 45 minutes, less than an hour to get | :08:48. | :08:52. | |
him to understand that you could not do it that way for eight is this | :08:53. | :09:01. | |
enterprise. OK, fine. -- 48 business enterprise. He then said we were | :09:02. | :09:11. | |
going to form A company and 12 days later we had the contract. They had | :09:12. | :09:18. | |
not to Nicholls together but I had our house. Some months later I get | :09:19. | :09:23. | |
the letter in the mail with the cheque with $1500. -- not to | :09:24. | :09:40. | |
dollars. I figured that I had already signed off the contract so I | :09:41. | :09:46. | |
thought it was found money so I went in and signed. People would watch | :09:47. | :09:54. | |
this and say, surely, you must often think, as you go to sleep, of what | :09:55. | :10:00. | |
could have been? I knew exactly what would have been if I stayed with the | :10:01. | :10:04. | |
company. I would have wound up having very large documentation | :10:05. | :10:08. | |
department at the back of the building, shuffling papers for the | :10:09. | :10:13. | |
next 20 years of my life and that is not their future I saw for myself. | :10:14. | :10:17. | |
God love him. In other news: Chinese telecoms | :10:18. | :10:20. | |
giant Huawei says profits were up more than a third last year | :10:21. | :10:23. | |
after the strongest revenue growth It's network equipment division is | :10:24. | :10:26. | |
benefiting from the adoption of 4th generation mobile services | :10:27. | :10:29. | |
across China. It also became the first Chinese | :10:30. | :10:33. | |
company to sell more than 100 million smartphones in a year | :10:34. | :10:37. | |
in 2015 - revenues in its comsumer division soared more than 70% - it's | :10:38. | :10:41. | |
now the world number three handset company after Samsung and | :10:42. | :10:48. | |
Apple Chinese insurance firm Anbang says it has abandoned its 14 | :10:49. | :10:51. | |
billion dollar bid for Starwood Hotels - the owner of the Sheraton, | :10:52. | :10:53. | |
Westin and St Regis hotel chains. It marks an end to | :10:54. | :10:58. | |
a bidding war with hotel giant Marriott - which is planning to | :10:59. | :11:01. | |
create the world's biggest hotel Follow me on Twitter. It will be | :11:02. | :11:14. | |
back to have look at the papers later. | :11:15. | :11:22. | |
Greater Manchester becomes the first part of England to take | :11:23. | :11:26. |