Browse content similar to 10/01/2012. Check below for episodes and series from the same categories and more!
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time for a high-speed rail project for Britain and a comeback for | :00:02. | :00:12. | |
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Chrysler at the Auto Show. It is time for World Business Report. | :00:12. | :00:20. | |
Welcome. Getting the green light. The UK Government decides whether | :00:20. | :00:24. | |
to approve a new $50 billion rail link. | :00:24. | :00:28. | |
A special relationship. How feared's ownership has put Chrysler | :00:28. | :00:38. | |
:00:38. | :00:38. | ||
back on the road to recovery. -- fee at. And Olympus sues its | :00:38. | :00:48. | |
executives for fraud. The UK Government is expected to | :00:48. | :00:51. | |
give the go-ahead to a new high- speed rail link which will link | :00:51. | :00:55. | |
London and Birmingham. It is only step one in a plan that will extend | :00:55. | :01:00. | |
the UK's high-speed rail network and a short and commutes to | :01:00. | :01:03. | |
mainland Europe. The Government says the 50 billion dollar project | :01:03. | :01:09. | |
is the only the only e with overcrowding, but critics are angry | :01:09. | :01:13. | |
that the route cuts through some of the most beautiful countryside. He | :01:13. | :01:18. | |
is being hailed in a -- as a once- in-a-lifetime chance to get changed | :01:18. | :01:24. | |
Britain's Rovers. Trains travelling at 225 mph, cutting journey times | :01:24. | :01:28. | |
all over the country and taking the pressure off overcrowd of lines. | :01:28. | :01:34. | |
But opposition is fees. More than 70 protest groups have sprung up | :01:34. | :01:37. | |
along the route which boasts some of the country's most beautiful | :01:37. | :01:41. | |
countryside. Here it is a poor use of government and taxpayers might. | :01:41. | :01:46. | |
It is the wrong priority. We need when this in road and rail | :01:46. | :01:49. | |
infrastructure around the entire country so we can bring economic | :01:49. | :01:54. | |
growth quickly. The announcement covers the first lady of the | :01:54. | :02:01. | |
journey, a $26 billion section from Birmingham to London. Some of | :02:01. | :02:04. | |
Europe's most high-profile bosses are backing it. It is the right | :02:04. | :02:08. | |
thing to do. Large-scale infrastructure investment is | :02:08. | :02:12. | |
sensible for the future of the country and the economy. It will | :02:12. | :02:16. | |
create jobs. Maybe not as many as people would like, but more | :02:16. | :02:21. | |
importantly it creates the basis for sustainable employment into the | :02:21. | :02:26. | |
future. High-speed rail is expanding all over the world, | :02:26. | :02:30. | |
especially in China and across Europe, where there are ambitious | :02:30. | :02:35. | |
plans to triple the amount of line in the next two decades. UK | :02:35. | :02:39. | |
ministers want to extend high-speed to cities further north, but even | :02:39. | :02:44. | |
if everything goes according to plan, nobody will be getting on one | :02:44. | :02:49. | |
of these trains for at least 14 years. | :02:49. | :02:58. | |
US car giants are seeing a revival in their fortunes. Chrysler was | :02:58. | :03:02. | |
considered particularly doomed back in 2009 when it filed for | :03:02. | :03:12. | |
bankruptcy. But after a government bail-out it has seen a strong | :03:12. | :03:22. | |
:03:22. | :03:23. | ||
resurgence in the last 12 months. Chrysler could easily have been | :03:23. | :03:26. | |
recessionary road kill. Instead it is launching new models and sales | :03:26. | :03:32. | |
last year jumped by 26%, double the rate of growth of some of its | :03:32. | :03:39. | |
rivals. The Dodge Dart is a revolutionary car. It has world- | :03:39. | :03:46. | |
class architecture. It has the presence of a dodgy start. Chrysler | :03:46. | :03:52. | |
has been a great bet for fear to which owns nearly two-thirds of the | :03:52. | :04:00. | |
bitrate company. -- Dodge Dart. has been a fantastic year for | :04:00. | :04:06. | |
Chrysler. It speaks to the fact that they have products that are | :04:06. | :04:15. | |
compelling for consumers. They have been really successful. New | :04:15. | :04:21. | |
management change has worked well. US success comes at just the right | :04:21. | :04:25. | |
time. Europe has been hit hard by the sovereign debt crisis and Lord | :04:26. | :04:33. | |
headed for a deep recession. The bus lanes in decisive European | :04:33. | :04:39. | |
leadership. The level of indecision is something that is not helpful | :04:39. | :04:42. | |
for anybody running an industrial business. It would be much more | :04:42. | :04:52. | |
:04:52. | :04:54. | ||
helpful if we had a very clear direction. Chrysler pioneered this | :04:54. | :04:58. | |
kind of money than but in the bad years its dominance slipped. Now | :04:58. | :05:02. | |
the company says it wants to retake that many than top spot and it is | :05:02. | :05:11. | |
just another area where the links between Fiat and Chrysler could | :05:11. | :05:19. | |
work. Olympus has confirmed it is suing current and former directors | :05:19. | :05:23. | |
for $47 million. Our correspondent is following the story and joins us | :05:23. | :05:27. | |
from Singapore. People who are being sued are still running the | :05:27. | :05:32. | |
company. They're going to be sacked. But they're still running the | :05:32. | :05:40. | |
company. That is right. 19 of them, | :05:40. | :05:47. | |
including current executives. That is after that huge cover-up at the | :05:47. | :05:52. | |
firm. All of this comes after an independent panel report that had | :05:52. | :05:56. | |
been looking into how much the firm's management were involved in | :05:56. | :06:03. | |
the fraud. The lawsuit has been filed this week. It is seeking $47 | :06:03. | :06:09. | |
million in damages, just a fraction of the $1.7 billion in losses the | :06:09. | :06:18. | |
firm has been said to have covered up. It seems the executives are | :06:18. | :06:25. | |
unlikely to be able to pay. The fraud was revealed after the camera | :06:25. | :06:29. | |
company fired its British Co when he questioned a lot of dubious | :06:29. | :06:39. | |
:06:39. | :06:45. | ||
payments. -- its British managing director. The spokesman also | :06:46. | :06:50. | |
confirmed that all board members subject to the lawsuit would be | :06:50. | :06:58. | |
stepping down in March and April. Thank you. The consumer electronics | :06:58. | :07:04. | |
show gets underway in Las Vegas. It is the biggest event on its kind. | :07:04. | :07:08. | |
Technology firms use it to promote their products. We report on how | :07:08. | :07:12. | |
dozens of small firms will use the event to make a breakthrough with | :07:12. | :07:22. | |
:07:22. | :07:35. | ||
their investors and consumers. My name is Jennifer. We're in the | :07:35. | :07:45. | |
:07:45. | :07:47. | ||
foundation run. C e s has always meant a lot to Las Vegas. But this | :07:47. | :07:57. | |
year is the year of the start-up. We are allowing you to connect your | :07:57. | :08:07. | |
:08:07. | :08:09. | ||
personal and social circle at once. We are solving a need that the | :08:09. | :08:19. | |
:08:19. | :08:20. | ||
audience is looking for. It is a good place to start. We are showing | :08:20. | :08:30. | |
our products here. There is this visualisation up here. We have a | :08:30. | :08:40. | |
:08:40. | :08:41. | ||
panel like you have in your home TV. We have faced over 30 can raise -- | :08:41. | :08:51. | |
:08:51. | :08:55. | ||
30 cameras behind the panel. We are a small company. We were able to | :08:55. | :08:58. | |
develop the technology so fast because we are smaller and more | :08:58. | :09:07. | |
flexible. The owners are working closely with the implementation of | :09:07. | :09:17. | |
:09:17. | :09:17. | ||
the product. With the start-up, we do not want to put all of our eggs | :09:17. | :09:21. | |
in one basket and spent up to $200,000 on something that may | :09:21. | :09:27. | |
yield some good press but if we can get equally as good publicity by | :09:27. | :09:31. | |
having our own event with those people and under our own controlled | :09:31. | :09:35. |