:00:02. > :00:12.time for a high-speed rail project for Britain and a comeback for
:00:12. > :00:12.
:00:12. > :00:20.Chrysler at the Auto Show. It is time for World Business Report.
:00:20. > :00:24.Welcome. Getting the green light. The UK Government decides whether
:00:24. > :00:28.to approve a new $50 billion rail link.
:00:28. > :00:38.A special relationship. How feared's ownership has put Chrysler
:00:38. > :00:38.
:00:38. > :00:48.back on the road to recovery. -- fee at. And Olympus sues its
:00:48. > :00:51.executives for fraud. The UK Government is expected to
:00:51. > :00:55.give the go-ahead to a new high- speed rail link which will link
:00:55. > :01:00.London and Birmingham. It is only step one in a plan that will extend
:01:00. > :01:03.the UK's high-speed rail network and a short and commutes to
:01:03. > :01:09.mainland Europe. The Government says the 50 billion dollar project
:01:09. > :01:13.is the only the only e with overcrowding, but critics are angry
:01:13. > :01:18.that the route cuts through some of the most beautiful countryside. He
:01:18. > :01:24.is being hailed in a -- as a once- in-a-lifetime chance to get changed
:01:24. > :01:28.Britain's Rovers. Trains travelling at 225 mph, cutting journey times
:01:28. > :01:34.all over the country and taking the pressure off overcrowd of lines.
:01:34. > :01:37.But opposition is fees. More than 70 protest groups have sprung up
:01:37. > :01:41.along the route which boasts some of the country's most beautiful
:01:41. > :01:46.countryside. Here it is a poor use of government and taxpayers might.
:01:46. > :01:49.It is the wrong priority. We need when this in road and rail
:01:49. > :01:54.infrastructure around the entire country so we can bring economic
:01:54. > :02:01.growth quickly. The announcement covers the first lady of the
:02:01. > :02:04.journey, a $26 billion section from Birmingham to London. Some of
:02:04. > :02:08.Europe's most high-profile bosses are backing it. It is the right
:02:08. > :02:12.thing to do. Large-scale infrastructure investment is
:02:12. > :02:16.sensible for the future of the country and the economy. It will
:02:16. > :02:21.create jobs. Maybe not as many as people would like, but more
:02:21. > :02:26.importantly it creates the basis for sustainable employment into the
:02:26. > :02:30.future. High-speed rail is expanding all over the world,
:02:30. > :02:35.especially in China and across Europe, where there are ambitious
:02:35. > :02:39.plans to triple the amount of line in the next two decades. UK
:02:39. > :02:44.ministers want to extend high-speed to cities further north, but even
:02:44. > :02:49.if everything goes according to plan, nobody will be getting on one
:02:49. > :02:58.of these trains for at least 14 years.
:02:58. > :03:02.US car giants are seeing a revival in their fortunes. Chrysler was
:03:02. > :03:12.considered particularly doomed back in 2009 when it filed for
:03:12. > :03:22.bankruptcy. But after a government bail-out it has seen a strong
:03:22. > :03:23.
:03:23. > :03:26.resurgence in the last 12 months. Chrysler could easily have been
:03:26. > :03:32.recessionary road kill. Instead it is launching new models and sales
:03:32. > :03:39.last year jumped by 26%, double the rate of growth of some of its
:03:39. > :03:46.rivals. The Dodge Dart is a revolutionary car. It has world-
:03:46. > :03:52.class architecture. It has the presence of a dodgy start. Chrysler
:03:52. > :04:00.has been a great bet for fear to which owns nearly two-thirds of the
:04:00. > :04:06.bitrate company. -- Dodge Dart. has been a fantastic year for
:04:06. > :04:15.Chrysler. It speaks to the fact that they have products that are
:04:15. > :04:21.compelling for consumers. They have been really successful. New
:04:21. > :04:25.management change has worked well. US success comes at just the right
:04:26. > :04:33.time. Europe has been hit hard by the sovereign debt crisis and Lord
:04:33. > :04:39.headed for a deep recession. The bus lanes in decisive European
:04:39. > :04:42.leadership. The level of indecision is something that is not helpful
:04:42. > :04:52.for anybody running an industrial business. It would be much more
:04:52. > :04:54.
:04:54. > :04:58.helpful if we had a very clear direction. Chrysler pioneered this
:04:58. > :05:02.kind of money than but in the bad years its dominance slipped. Now
:05:02. > :05:11.the company says it wants to retake that many than top spot and it is
:05:11. > :05:19.just another area where the links between Fiat and Chrysler could
:05:19. > :05:23.work. Olympus has confirmed it is suing current and former directors
:05:23. > :05:27.for $47 million. Our correspondent is following the story and joins us
:05:27. > :05:32.from Singapore. People who are being sued are still running the
:05:32. > :05:40.company. They're going to be sacked. But they're still running the
:05:40. > :05:47.company. That is right. 19 of them,
:05:47. > :05:52.including current executives. That is after that huge cover-up at the
:05:52. > :05:56.firm. All of this comes after an independent panel report that had
:05:56. > :06:03.been looking into how much the firm's management were involved in
:06:03. > :06:09.the fraud. The lawsuit has been filed this week. It is seeking $47
:06:09. > :06:18.million in damages, just a fraction of the $1.7 billion in losses the
:06:18. > :06:25.firm has been said to have covered up. It seems the executives are
:06:25. > :06:29.unlikely to be able to pay. The fraud was revealed after the camera
:06:29. > :06:39.company fired its British Co when he questioned a lot of dubious
:06:39. > :06:45.
:06:46. > :06:50.payments. -- its British managing director. The spokesman also
:06:50. > :06:58.confirmed that all board members subject to the lawsuit would be
:06:58. > :07:04.stepping down in March and April. Thank you. The consumer electronics
:07:04. > :07:08.show gets underway in Las Vegas. It is the biggest event on its kind.
:07:08. > :07:12.Technology firms use it to promote their products. We report on how
:07:12. > :07:22.dozens of small firms will use the event to make a breakthrough with
:07:22. > :07:35.
:07:35. > :07:45.their investors and consumers. My name is Jennifer. We're in the
:07:45. > :07:47.
:07:47. > :07:57.foundation run. C e s has always meant a lot to Las Vegas. But this
:07:57. > :08:07.year is the year of the start-up. We are allowing you to connect your
:08:07. > :08:09.
:08:09. > :08:19.personal and social circle at once. We are solving a need that the
:08:19. > :08:20.
:08:20. > :08:30.audience is looking for. It is a good place to start. We are showing
:08:30. > :08:40.our products here. There is this visualisation up here. We have a
:08:40. > :08:41.
:08:41. > :08:51.panel like you have in your home TV. We have faced over 30 can raise --
:08:51. > :08:55.
:08:55. > :08:58.30 cameras behind the panel. We are a small company. We were able to
:08:58. > :09:07.develop the technology so fast because we are smaller and more
:09:07. > :09:17.flexible. The owners are working closely with the implementation of
:09:17. > :09:17.
:09:17. > :09:21.the product. With the start-up, we do not want to put all of our eggs
:09:21. > :09:27.in one basket and spent up to $200,000 on something that may
:09:27. > :09:31.yield some good press but if we can get equally as good publicity by
:09:31. > :09:35.having our own event with those people and under our own controlled