tv Business - News Deutsche Welle January 16, 2018 6:02am-6:15am CET
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the airbus a three eighty might stop owning the. uncertain double decker jumbles. over. one of the biggest construction companies in the u.k. collapses the government kept awarding of contracts despite a profit warning. and at the detroit water show the future looks bright gold. cars are only in the background take a look. it's time for business. get us welcome to the program the future of the a three eighty is up in the sky could this be the end of the largest commercial airplane in the skies european giant airbus says it might end production of the a three eighty super jumbo the two story plane was supposed to revolutionize air travel but its most important customer emirates is not ordering enough planes to keep the aircraft alive. what was hoped to be the company's biggest success is
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turning into a disappointing defeat with just over three hundred planes sold and few on order airbus says it will stop making the a three eighty super jumbo if it doesn't get more business from top client emirates which is now buying planes from boeing says that the dubai based airline is key for its business they are probably the only one who has the ability right now in the marketplace to take a minimum of six a year for a period of eight to ten years and then we can add some on top of that so quite honestly if we can't work out a deal with emirates i think there is no choice but to shut down the program but i'm hopeful that we'll work out a deal with emirates and others can add airplanes on top of that some hold through mains apparently but the revolution will have to wait. british prime minister the reason may says no services will fail to be delivered following the collapse of britain's second largest construction company the company
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announced its immediate liquidation after failing to secure a lifeline from the british government during the weekend. as one of britain's largest construction companies it was known for prestigious projects such as the tate modern in london manchester's beat him tower and heathrow airport terminal five karelian was valued at more than one billion dollars as of last summer but things took a turn when the company issued a profit warning in july its share price tumbled and by august crilly was demoted from the f t s e one hundred index for the u.k.'s largest one hundred companies crilly and now owes more than one billion dollars to its lenders. they shareholders the creditors the banks are going to have to say a cartel hit we cannot have a situation where profits are as ation means private profits when they project so successful but the government nationalizing the losses when they fail a lot would not be acceptable outcome karelians demise will leave more than forty
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thousand people uncertain about their jobs and small subcontractors fear their invoices may go unpaid it's now worth a meager eighty million dollars that's less than a tenth of the value a few months ago its financial problems are blamed on unprofitable contracts and delayed payments from projects in the middle east. while in protests flared in athens after the greek parliament narrowly passed a new package of economic reforms and spending cuts it's for getting the money for the bailout through august brief but intense street clashes broke out in the parliament building soon after the vote protesters from iraq's flash grenades and road flares as police guard at the building's front steps controversial bill will limit the rights to strike among others. and this could be a blow to the complaint against tax avoidance the european union is set to remove eight countries from its list of tax havens officials say patmos south korea the
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united arab emirates and five others have committed to changing the tax rules that might give them the privilege of being limited from the list. and the detroit motor show gets underway and it seems like a blast from the past bigger is better power is cool and e-cards are rather boring the spotlight this year is on huge pickups and s.u.v.s germany's top brands drew on star power to let their cars shine. it doesn't get much bigger than arnold schwarzenegger the man who turned the hummer into a consumer vehicle in the one nine hundred ninety s. this time he was hawking the mercedes g. class an s.u.v. that averages about twelve miles to a gallon of gasoline. large utility vehicles are more popular than ever in the u.s. they're high profit margins combined with the nation's low gasoline prices have pushed carmakers to ramp up production in recent years they've been rewarded with record sales. it's
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a much different environment than europe and china passenger cars are still the focus their electric is the key word carmakers like b.m.w. and folks wagon have vowed to invest billions on new electric models. in detroit the focus was on pickup trucks including the return of the ford ranger ford also introduced its midsize edge xti to go on sale this summer as you can see the hottest segment gets even hotter with the new edge i state this is our most powerful s.u.v. ever votes wagon introduced its new jetta it's focusing on gasoline engine cars while trying to come back from the diesel emissions scandal the brand is thriving globally. as car makers push more trucks and s.u.v.s analysts worry for too much of a good thing overall sales have already started weakening over production and over discounting are new watchwords. but those are concerns that you won't hear from the stage in detroit. our correspondent coston phenomenon is in detroit covering the
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motor show for us cost high good to see you well as we just saw in the piece this is so much different than what we've seen in other motor shows recently where it was all about self driving cars and electric mobility did carmakers forget about all that. well to be fair they didn't forget about it they're all talking about it but if you look at the reality of the market only one percent or less than one percent of new cars are electric cars so basically the market wants s.u.v.s the market ones trucks pick ups and that is what the produce is here in detroit showing now you're talking about the fact that the market defines those preferences do you see any difference between for example european car makers and american companies that are presenting their models there.
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or there's a difference in focus i mean basically all the big produces have costs for each and every segment starting from the very small ones up to the big pickup trucks and of course every big producer from asia from america from europe now has an electric car and or hybrid car in its production line but the focus is different and once again clearly the american produces produce mainly for the american market and here two thirds of all new cause i pick up trucks light trucks or s.u.v.s now we know that many governments in many countries are making big efforts to encourage the use of electric cars it's working in some places and some it's not but if you see efforts like china or even the european union compared to the u.s. the margin is very narrow in the u.s. as just mentioned why do you think that is. well there are a number of reasons and to be fair the u.s.
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government subsidizes. people who want to buy an electric car and also there are places like california a number of cities like pittsburgh or washington d.c. really try to improve the infrastructure for electric cars but the bottom line is this is a vast country and you have long miles to go on the roads and the infrastructure simply is not there and the second point of course is technology and so far most ordinary electric cars have a range of maybe one hundred maybe two hundred miles if at all that and of course there are new cars coming if you look here at missy it is they have this new concept car which now has a range of about three hundred miles that are something different that could definitely change the game and i talked to one of the engineers who was responsible for building this car and he said he basically expects that in about ten years about fifteen maybe twenty percent of new cars will be electric cars it's going one
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step at a time thank you very much the phenomenon at the detroit motor show for the insight . cambodia and china have signed deals worth billions that will mainly improve cambodia's infrastructure of the chinese are already building hundreds of projects and coastal areas supply and laid out by the combo government construction has already started with investments from china the region could become one of most important economic centers the whole project is inspired by the industrial zones in thailand's eastern economic corridor. for the future it's a good seeing a lot of investment is coming in a lot of knowledge a lot of shops and a lot of tourists growing numbers of chinese visitors have to scupper at the nearby beaches also very popular casinos new ones seem to open up at every corner.
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really a little i know a lot of chinese have come here to invest their money and build hotels and restaurants i think the fact that many of the new businesses are chinese operated is really important in helping to attract more and more chinese tourists to come here because it feels like home ok. feel like home. it doesn't feel like home for many of the locals low they feel pushed out of their own city. and now that the chinese have come it's difficult to find new places to rent both for business and for living in. several restaurants and stores half recently lost their rental agreements at the most popular beaches they were asked to move out to make room for a large investor with roots in both and china. that was usually business thank you for joining us the next time.
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perspectives. join us immediately sponsored by distinctive instagram others. d.w. story the topics each week on instagram. beat the germans new and surprising new aspects of muslim culture in germany. u.s. american keep news of take a look at germany to sink receives the two traditions every day lives and language those are some of the highlights i'm sorry so i'm going to say i'm going to extend . the trick i am going to t.w. dot com the germans. where i come from we have to fight for a free press and was born and raised in a military dictatorship and just spoke to the shadow and if you newspapers when
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official information has attorneys i have walked off the streets like many cameras and that for all those are all the same phone. to the social inequality a lack of the freedom of the press and corruption who can afford to stay silent when it comes to the fans and the humans on the scene or why the poles who have decided to put their trust in us. may name is jenny harrison and weren't a d.w.i. .
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