Browse content similar to 14/04/2017. Check below for episodes and series from the same categories and more!
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It's a $2 trillion business that just keeps accelerating. | :00:00. | :00:22. | |
But is the global car industry changing gear fast enough? | :00:23. | :00:26. | |
We report from the New York Auto Show. | :00:27. | :00:30. | |
Plus, AirB'n'Burglary - the home rental giant says it's | :00:31. | :00:32. | |
tightening security after users advertised their homes, | :00:33. | :00:34. | |
We have got that Friday feeling which means it is Good Friday which | :00:35. | :01:01. | |
means you are probably not watching! You are probably in bed! If you are | :01:02. | :01:05. | |
watching, I have an exciting snapshot for all of the news for | :01:06. | :01:09. | |
you, will start in New York with annual auto show opened its doors | :01:10. | :01:11. | |
the public. The car business had a bit | :01:12. | :01:13. | |
of a bumpy ride during the financial crisis but today, it's bigger | :01:14. | :01:16. | |
and more profitable than ever. According to the Swiss bank UBS, | :01:17. | :01:21. | |
the global auto industry That's more than the entire | :01:22. | :01:25. | |
economy of Italy or Brazil. And here's why - last year, | :01:26. | :01:37. | |
more than 88 million new vehicles were sold around the world - | :01:38. | :01:40. | |
an all-time record. But the industry is | :01:41. | :01:43. | |
facing huge changes. Goldman Sachs predicts that by 2025 | :01:44. | :01:45. | |
a quarter of all of cars sold will have electric engines, | :01:46. | :01:49. | |
compared to just 5% at the moment. Tesla has seen its stock | :01:50. | :01:57. | |
market value overtake that of General Motors and | :01:58. | :01:59. | |
Ford in recent weeks. That's despite the fact Tesla makes | :02:00. | :02:08. | |
a fraction of the number of cars, But financial markets are sending | :02:09. | :02:13. | |
a clear message about what they see From the New York Auto Show, | :02:14. | :02:25. | |
Michelle Fleury reports. Here at the New York Auto Show there | :02:26. | :02:39. | |
are plenty of the big kind of sports utility vehicles that Americans love | :02:40. | :02:44. | |
so much right now. But the big US automakers have been criticised for | :02:45. | :02:47. | |
falling behind when it comes to cutting-edge technology. Case in | :02:48. | :02:52. | |
point, Tesla is now worth more than General Motors and Ford. I've come | :02:53. | :02:56. | |
here to ask or the executives or does it take to succeed as a global | :02:57. | :02:59. | |
carmaker today? Don't try to grow too fast, don't | :03:00. | :03:18. | |
try to overstretch the market, don't have too much supply, hold on | :03:19. | :03:22. | |
pricing power, get the mix right. If you put those things together you | :03:23. | :03:28. | |
can have success in the market. And now of course comes the all-new | :03:29. | :03:42. | |
navigator. It starts with a kind of a customer first approach of what | :03:43. | :03:46. | |
they want and then how this technology deliver that, so it's | :03:47. | :03:50. | |
really maintaining the focus of creating great products but also | :03:51. | :03:54. | |
more and more as we go forward great services and experiences for | :03:55. | :03:55. | |
customers. We are committed to seeing better | :03:56. | :04:11. | |
fuel economy and lower emissions and this is not a new thing, this has | :04:12. | :04:16. | |
been going for the last decade or so. All around the decade -- world, | :04:17. | :04:23. | |
there is a push to drop emissions and fuel economy to go up until | :04:24. | :04:26. | |
ultimately zero emissions and the technological steps towards it and | :04:27. | :04:30. | |
also started building in overall volume. -- built in. One key to | :04:31. | :04:38. | |
success is doing well in China, the world 's biggest car market. So next | :04:39. | :04:43. | |
week, these automakers turned their attention to the Shanghai auto show. | :04:44. | :04:46. | |
Krish Bhaskar is CEO and Founder of MIRU - | :04:47. | :04:49. | |
the Motor Industry Research Unit in Nice France. | :04:50. | :04:58. | |
Not a bad spot to work in! Think you for coming in at this horrible time | :04:59. | :05:06. | |
of the morning! There has been some criticism, some of the US car | :05:07. | :05:10. | |
makers, and maybe Volkswagen to some extent, that they have all been a | :05:11. | :05:15. | |
bit slow in adopting and adapting to the changing technological world | :05:16. | :05:21. | |
that we are in. That's absolutely right, they have, but on the other | :05:22. | :05:26. | |
hand President Trump has come in and reversed everything, or is about to. | :05:27. | :05:31. | |
2017 regulations are fluid at the moment. We don't know what they will | :05:32. | :05:36. | |
be. And it's quite clear that what Obama thought would happen is going | :05:37. | :05:41. | |
be reversed and may even be rolled back. Let's take that step further | :05:42. | :05:45. | |
because I will explain, Krish and I were talking before we came on air | :05:46. | :05:49. | |
and you think the whole electorate sort of push towards electric cars | :05:50. | :05:53. | |
with now in could be pushed to the site? Not pushed to the side but | :05:54. | :05:57. | |
delayed. Resident Trump won't be there for ever but it is happening | :05:58. | :06:02. | |
in North America at the US particularly, is there is going to | :06:03. | :06:07. | |
be a delay. Now at the moment Paola, muscle cars, huge SUV is, of the | :06:08. | :06:15. | |
showstoppers, are huge engines with 800, 0- 100 miles an hour in less | :06:16. | :06:19. | |
than five seconds, huge seven seater SUV 's. We used to call them the | :06:20. | :06:24. | |
Yank tanks. They are making a comeback? Yes. What you think the | :06:25. | :06:30. | |
showstopper will be this year? Lincoln navigator. It is | :06:31. | :06:35. | |
outstanding. The lucida electric vehicle could have been really great | :06:36. | :06:40. | |
pre- Trump but not post Trump and one of our own vehicles the | :06:41. | :06:45. | |
airspace, Jaguar F pace, is the total winner of the air. It is | :06:46. | :06:52. | |
great. You mentioned lucid, made in California, an electric car maker, | :06:53. | :06:56. | |
but we always talk about Tesla, did it surprise you that Tesla did | :06:57. | :07:00. | |
overtake a company that makes a fraction of the cars has never made | :07:01. | :07:04. | |
a profit at one point it did overtake the value of General Motors | :07:05. | :07:07. | |
and Ford? That's the investors speaking with their wallet, isn't | :07:08. | :07:13. | |
it? That is doing something new. There's a new competitor by G M, the | :07:14. | :07:19. | |
Chevrolet Alt and it looks good, it is cheaper, it works, its extender | :07:20. | :07:23. | |
lead to a vehicle and it is excellent. I have been told I have | :07:24. | :07:28. | |
to wrap it up. I want to ask you very briefly, diesel car sales, are | :07:29. | :07:33. | |
they going to go down do you think? They may come back up depended on | :07:34. | :07:37. | |
the regulations. Everyone at the moment is trying to see what is | :07:38. | :07:40. | |
going to happen. Regulations have been passed, it diesel, the 2017 but | :07:41. | :07:47. | |
a comeback. A great three, always a pleasure, thank you for joining us | :07:48. | :07:49. | |
on this Friday will stop. It is is improving the security | :07:50. | :07:52. | |
of its app and website after a BBC investigation found people's homes | :07:53. | :07:57. | |
had been burgled by scammers The BBC spoke to three | :07:58. | :07:59. | |
people who were robbed after they advertised | :08:00. | :08:03. | |
their properties on So I walked the police into this | :08:04. | :08:18. | |
room which you can see is full of stuff but it was like completely | :08:19. | :08:22. | |
empty. Lack of people Christian Howard letter keys home on AirBnB | :08:23. | :08:26. | |
while he was out of town as a convenient way to make some extra | :08:27. | :08:29. | |
money. It done so for years without a problem but on his birthday his | :08:30. | :08:33. | |
home was burgled. While I was enjoying the hotel and having | :08:34. | :08:36. | |
breakfast and then returning back to the hotel room, just to enjoy the | :08:37. | :08:41. | |
day and relax a little bit, I got a horrible text message saying that | :08:42. | :08:44. | |
somebody is in the flat and it is not me because my account has been | :08:45. | :08:47. | |
compromised. Obviously my birthday was over, said it was my first | :08:48. | :08:51. | |
reaction. Christian body had let at his home a verified profile, or who | :08:52. | :08:57. | |
had shown a B government identification and it had positive | :08:58. | :09:00. | |
reviews from previous bookings that the account had been stolen, the | :09:01. | :09:03. | |
attacker changed the name, photographs and contact details but | :09:04. | :09:07. | |
kept AirBnB's verified badge. And Christian isn't alone. The BBC has | :09:08. | :09:12. | |
spoken to two other people who were robbed this way and three others who | :09:13. | :09:16. | |
have the recount stolen. And AirBnB's Facebook page has dozens of | :09:17. | :09:20. | |
comments from people who have had their accounts compromised. There | :09:21. | :09:24. | |
are many ways attackers could have been hijacking AirBnB accounts, they | :09:25. | :09:27. | |
may have tricked people into handing over their passwords but there are | :09:28. | :09:31. | |
ways AirBnB could have defended against this. Google, Facebook and | :09:32. | :09:36. | |
Twitter is among others all offer to step of occasion. It requires you to | :09:37. | :09:40. | |
enter the code sent to your phone as well is your password to get into | :09:41. | :09:43. | |
your account. We put our security concerns to AirBnB, the company | :09:44. | :09:45. | |
said: those changes include to step of | :09:46. | :10:01. | |
occasion when somebody logs in for a new device, and text message alerts | :10:02. | :10:04. | |
is somebody changes your profile information. But the Christian, the | :10:05. | :10:10. | |
changes come too late. This is the whole experience has left him with a | :10:11. | :10:13. | |
bad feeling and he may not use AirBnB again. Let me leave you with | :10:14. | :10:18. | |
this- Credit Suisse chief executive | :10:19. | :10:19. | |
Tidjane Thiam and the bank's board of directors have offered | :10:20. | :10:22. | |
to cut their own bonuses by 40% They also proposed to keep total | :10:23. | :10:25. | |
board pay at the same level The move follows pressure from Swiss | :10:26. | :10:31. | |
lawmakers and the bank's shareholders to address | :10:32. | :10:35. | |
excessive executive pay. The Swiss bank has posted two | :10:36. | :10:36. | |
straight years of losses but its top 12 executives were awarded around | :10:37. | :10:41. | |
$77 million in pay this year. That's for two years of losses! | :10:42. | :11:05. | |
Follow me on Twitter! I will be back with James to have a look at some of | :11:06. | :11:08. | |
the papers | :11:09. | :11:09. |