10/01/2012 World Business Report


10/01/2012

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LineFromTo

time for a high-speed rail project for Britain and a comeback for

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Chrysler at the Auto Show. It is time for World Business Report.

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Welcome. Getting the green light. The UK Government decides whether

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to approve a new $50 billion rail link.

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A special relationship. How feared's ownership has put Chrysler

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back on the road to recovery. -- fee at. And Olympus sues its

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executives for fraud. The UK Government is expected to

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give the go-ahead to a new high- speed rail link which will link

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London and Birmingham. It is only step one in a plan that will extend

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the UK's high-speed rail network and a short and commutes to

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mainland Europe. The Government says the 50 billion dollar project

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is the only the only e with overcrowding, but critics are angry

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that the route cuts through some of the most beautiful countryside. He

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is being hailed in a -- as a once- in-a-lifetime chance to get changed

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Britain's Rovers. Trains travelling at 225 mph, cutting journey times

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all over the country and taking the pressure off overcrowd of lines.

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But opposition is fees. More than 70 protest groups have sprung up

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along the route which boasts some of the country's most beautiful

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countryside. Here it is a poor use of government and taxpayers might.

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It is the wrong priority. We need when this in road and rail

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infrastructure around the entire country so we can bring economic

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growth quickly. The announcement covers the first lady of the

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journey, a $26 billion section from Birmingham to London. Some of

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Europe's most high-profile bosses are backing it. It is the right

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thing to do. Large-scale infrastructure investment is

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sensible for the future of the country and the economy. It will

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create jobs. Maybe not as many as people would like, but more

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importantly it creates the basis for sustainable employment into the

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future. High-speed rail is expanding all over the world,

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especially in China and across Europe, where there are ambitious

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plans to triple the amount of line in the next two decades. UK

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ministers want to extend high-speed to cities further north, but even

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if everything goes according to plan, nobody will be getting on one

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of these trains for at least 14 years.

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US car giants are seeing a revival in their fortunes. Chrysler was

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considered particularly doomed back in 2009 when it filed for

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bankruptcy. But after a government bail-out it has seen a strong

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resurgence in the last 12 months. Chrysler could easily have been

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recessionary road kill. Instead it is launching new models and sales

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last year jumped by 26%, double the rate of growth of some of its

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rivals. The Dodge Dart is a revolutionary car. It has world-

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class architecture. It has the presence of a dodgy start. Chrysler

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has been a great bet for fear to which owns nearly two-thirds of the

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bitrate company. -- Dodge Dart. has been a fantastic year for

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Chrysler. It speaks to the fact that they have products that are

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compelling for consumers. They have been really successful. New

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management change has worked well. US success comes at just the right

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time. Europe has been hit hard by the sovereign debt crisis and Lord

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headed for a deep recession. The bus lanes in decisive European

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leadership. The level of indecision is something that is not helpful

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for anybody running an industrial business. It would be much more

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helpful if we had a very clear direction. Chrysler pioneered this

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kind of money than but in the bad years its dominance slipped. Now

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the company says it wants to retake that many than top spot and it is

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just another area where the links between Fiat and Chrysler could

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work. Olympus has confirmed it is suing current and former directors

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for $47 million. Our correspondent is following the story and joins us

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from Singapore. People who are being sued are still running the

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company. They're going to be sacked. But they're still running the

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company. That is right. 19 of them,

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including current executives. That is after that huge cover-up at the

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firm. All of this comes after an independent panel report that had

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been looking into how much the firm's management were involved in

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the fraud. The lawsuit has been filed this week. It is seeking $47

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million in damages, just a fraction of the $1.7 billion in losses the

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firm has been said to have covered up. It seems the executives are

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unlikely to be able to pay. The fraud was revealed after the camera

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company fired its British Co when he questioned a lot of dubious

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payments. -- its British managing director. The spokesman also

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confirmed that all board members subject to the lawsuit would be

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stepping down in March and April. Thank you. The consumer electronics

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show gets underway in Las Vegas. It is the biggest event on its kind.

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Technology firms use it to promote their products. We report on how

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dozens of small firms will use the event to make a breakthrough with

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their investors and consumers. My name is Jennifer. We're in the

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foundation run. C e s has always meant a lot to Las Vegas. But this

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year is the year of the start-up. We are allowing you to connect your

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personal and social circle at once. We are solving a need that the

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audience is looking for. It is a good place to start. We are showing

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our products here. There is this visualisation up here. We have a

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panel like you have in your home TV. We have faced over 30 can raise --

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30 cameras behind the panel. We are a small company. We were able to

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develop the technology so fast because we are smaller and more

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flexible. The owners are working closely with the implementation of

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the product. With the start-up, we do not want to put all of our eggs

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in one basket and spent up to $200,000 on something that may

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yield some good press but if we can get equally as good publicity by

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having our own event with those people and under our own controlled

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