Browse content similar to 09/01/2012. Check below for episodes and series from the same categories and more!
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next month. Those are the latest headlines. We have the latest | :00:06. | :00:16. | |
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financial news on World Business Report. This is World Business | :00:16. | :00:23. | |
Report. The headlines: Made in the trade, the U-turn in US motor | :00:23. | :00:33. | |
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industry fortunes. -- Detroit. Rolls Royce announce record sales. | :00:34. | :00:40. | |
Arlyn best considers selling its executives after an accounting | :00:40. | :00:50. | |
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cover up. -- Olympus. 2011 was a tale of two motor industries, in | :00:59. | :01:04. | |
the East, Japan's auto giants had one of the worst year in their | :01:04. | :01:12. | |
history. There was the tsunami in Japan and the flooding in Thailand. | :01:12. | :01:16. | |
US mated giants have fought back from the brink of bankruptcy. -- | :01:16. | :01:26. | |
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motor giants. We have been to the International Auto Show. General | :01:30. | :01:36. | |
Motors is going after a new customer, younger and more upmarket. | :01:36. | :01:43. | |
This is meant to compete with BMW and Mercedes-Benz. The only cars | :01:43. | :01:51. | |
that have achieved consistent success are European cars. GM has | :01:51. | :01:56. | |
performed well since declaring bankruptcy. Consumers have grown | :01:56. | :02:06. | |
more confident. General Motors boss says GM has a new impetus. | :02:06. | :02:15. | |
company is in the best shape it has been in a generation or two. We are | :02:15. | :02:22. | |
producing products that are world class. If that keeps happening we | :02:22. | :02:28. | |
will build momentum. GM does need a flagship in the competitive luxury | :02:28. | :02:38. | |
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sector. You have to be competitive in small sporty sedans. We need to | :02:43. | :02:52. | |
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hit a home run in this area. does not same worry yet. -- seemed | :02:54. | :02:59. | |
worried yet. We have got some great products and new models we are | :02:59. | :03:05. | |
launching right across the world. I have every intention of keeping on | :03:05. | :03:13. | |
top of our opposition. These are the type of vehicles that German | :03:13. | :03:21. | |
manufacturers have always been so good at making first-up GM wants a | :03:21. | :03:28. | |
-- making. GM wants a new flagship to show how far the company has | :03:28. | :03:36. | |
come. Rolls Royce has reported the highest sales in its 107 year | :03:36. | :03:43. | |
history. It has been boosted by sales in Asia. It is doing well in | :03:43. | :03:51. | |
traditional markets like the US. We are joined by the chief executive. | :03:51. | :03:55. | |
Good to have you on the programme. Last year was a year of financial | :03:55. | :04:02. | |
turmoil. You sold more cars than ever, how did you do that? We are | :04:02. | :04:12. | |
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happy we did that. I am sure you are of. Out target group are | :04:13. | :04:22. | |
forecast to grow over the next couple of years. -- our. It is good | :04:22. | :04:29. | |
for the factories that make them in the UK. We are talking about luxury | :04:29. | :04:33. | |
goods, these individuals untouched by the day-to-day turmoil that the | :04:33. | :04:40. | |
rest of us are enduring? They are not untouched. But you buy a Rolls | :04:40. | :04:47. | |
Royce when you want to reward yourself for certain achievements. | :04:47. | :04:53. | |
There has been a lot of positive stories around. Many of our | :04:53. | :04:56. | |
customers have employed a lot of people and have set themselves | :04:57. | :05:02. | |
targets and they have gone for a Rolls Royce. People like | :05:02. | :05:12. | |
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footballers... We have a broad variety of different customers. | :05:17. | :05:24. | |
had he managed to change the image of Rolls raised? -- have you | :05:24. | :05:34. | |
changed. -- Rolls Royce. It has changed dramatically. We have | :05:34. | :05:39. | |
succeeded to see a lot more people in our cars. The average age in the | :05:39. | :05:46. | |
Asia markets is between 30-40. A lot of these typical self- | :05:46. | :05:55. | |
entrepreneurs sitting behind the wheel... We have also seen a 10% | :05:55. | :06:02. | |
increase in women drivers. Once you have one in your driveway, you do | :06:02. | :06:06. | |
not need another one for a long time. They are very reliable | :06:06. | :06:16. | |
vehicles. I think we will see extra growth with these high worth | :06:16. | :06:25. | |
individuals. I think there is untapped potential in the market. | :06:25. | :06:32. | |
We should see another record here in 2012. If you manage to achieve | :06:32. | :06:42. | |
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that will speed see you again. Best sales in 107 years for Rolls Royce. | :06:45. | :06:55. | |
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A Olympus executive is being sued by the board of directors... The | :06:59. | :07:03. | |
camera company says it is considering legal proceedings | :07:03. | :07:10. | |
against its current and former directors. This comes after the | :07:10. | :07:14. | |
company receives its results in two management responsibility into the | :07:14. | :07:24. | |
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scandal. On Sunday we saw the news agencies reporting the | :07:26. | :07:34. | |
investigation panel had named the current chief executive, he has | :07:34. | :07:44. | |
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been president since October, as one of ten people who were | :07:44. | :07:52. | |
responsible for failing to prevent the scandal. Four executives have | :07:52. | :07:56. | |
already lost their jobs over the scandal. The company has said it | :07:57. | :08:04. | |
will announce more details about the report on Tuesday. Thank you. | :08:04. | :08:14. | |
We will have a better idea of whether investors have got improved | :08:14. | :08:22. | |
confidence in this Italian bank... Investors had been spooked by the | :08:22. | :08:32. | |
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hefty discount on offers for the new shares. Bank shares overall, | :08:35. | :08:45. | |
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highly undesirable right now. In fact, they are trading beneath a | :08:45. | :08:53. | |
book value. The accountants say the bank is worth more dead than alive. | :08:53. | :08:58. | |
You could sell all of the pieces of the Bank and collect more money | :08:58. | :09:07. | |
than what the value is. We know that is not true. What happens, the | :09:07. | :09:15. | |
banks overvalue their own credit. There is a lack of credibility | :09:15. | :09:21. | |
between the management of banks and their owners. That is something | :09:22. | :09:29. | |
investors will be watching today. In Asia, losses for three days in | :09:29. | :09:36. | |
trading. Some of the issues, the Prime Minister of India has spoken | :09:36. | :09:43. | |
about the economic outlook for India. The Australian consumer is | :09:43. | :09:48. | |
feeling the pinch as well. Angela Merkel and Nicolas Sarkozy will get | :09:49. | :09:51. |