making business news carlos goldman is reportedly suing nissan and mitsubishi for unfair dismissal of former boss of the renault nissan mitsubishi alliance was arrested in november and faces multiple charges of financial misconduct which he denies is also claims the japanese carmakers did not provide enough evidence of the allegations against. china's massive pig farming industry is struggling to contain african swine fever codes have been devastated prices soaring and the country has ramped up imports from the e.u. and brazil to meet demand china's domestic he heard it is down 60000000 from last year. the globe's biggest brewer has sold its australian business to a japanese rival for over $11000000000.00 a.b.m. bev handing united breweries over to a site in beverly churns brands like wiser than corona says it will use the cash to get its house in order the belgian brazilian group is saddled with more than $100000000000.00 in debt the brewer surprised markets earlier this week by suspending a planned asian i.p.o. it would have been the world's largest stock sale this year. now all this week we've been marking the 50th anniversary of the

reportedly suing nissan and its a bishop for unfair dismissal the former boss of the renault nissan mitsubishi alliance was arrested november and faces multiple charges of financial misconduct which he denies is those who claims the japanese comic is did not provide enough evidence for the allegations against him. and china's massive pig farming industry is struggling continue to contain african swine fever herds have been devastated whole prices a soaring in the country has grabbed top imports from the e.u. and brazil to meet demand chinese domestic pay goodies down 60000000 from last year . to south africa a logistical nightmare in johannesburg is forcing private businesses to bolster security officials have had to close the city's busiest highway and now traffic jams and leaving commuters open to attacks sparking a crime wave. this johannesburg highway usually carries about $12000.00 vehicles an hour providing a critical transport artery through the east and west of the city. but it has been closed since much after being built in 1961 without any water proofing allowing water to seep into its concre

have interests in this alliance they still have the alliance, it's an ongoing alliance between renault, nissan, mitsubishi, and the fact you have a company like fca circling around renault says this is a reflection that there's still value in it. >> interesting comments there from him during that interview, and the idea that you have consolidation as a possibility is a representation or reflection of the firm's success and the fact that the tie-ups they had previously seemed to have worked in their favor thank you very much for that interview. >>> we're joined by juergen p pieper right now on the phone. what do you think of the results? >> i think renault looks a bit unspectacular and the reaction of the share price is the same top line is rather weak, but we all kind of knew that. profitability is okay. it's more likely down year over year this is not as good as peugeot or volkswagen, but better -- much better than what time ler had t daimler had to say >> do you think the results is a reflection of the management >> i think mr. ghosn who had to leave, he was a powerful manager, there for more than ten y

corporate infighting and last november, carlos ghosn, the man who orchestrated nissan and its alliance with renault and mitsubishie infighting so at the moment, this is a company in a very difficult situation. the management have to turnit situation. the management have to turn it around and what they will be doing is trying to cut costs by cutting capacity and jobs, 12,500 around the world. we don't know whether cuts are going to fall at the moment. there are 1a plans potentially in line for cuts either to production lines or factory shutting down but we don't know where they are. looking at the uk, the big plant is obviously sunderland. it is a relatively efficient plant, and it makes the nissan leaf as well as the cash guy, so nissan leaf as well as the cash guy, so it looks like it is in a strong position, so we don't know whether there will be any cuts in the uk —— kashqai. when will we know? the chief executive said today he couldn't give any details because some of them are still being worked out. we are expecting another statement from nissan in europe later today but whether it will give us later today b

, its relationship with renault and mitsubishi, the other members of this global alliance, and one thing thatis this global alliance, and one thing that is very clear, then nissane been falling, down more than 6%, falling in key markets, particularly the united states, despite a fair level of discounting, nissan has been trying to bring the prices up in order to boost profits but it has a fairly old model range, so but it has a fairly old model range, so this morning they are saying the company will go back to basics, it will cut costs. that means 12,500 job cuts worldwide and 1a of its sites will have reduced capacity will be closed altogether, we don't know which ones those are obvious, so know which ones those are obvious, $03 know which ones those are obvious, so a big picture of squeezing things down and if you look at the capacity being used in the factories, you can see why. 69% capacity using its factories worldwide, it with the exception of china, where usage is a bit greater. so there is overcapacity, nissan has too much space, it's costs are too high and it needs to cut back. and just briefly, where the jobs will go, we don't know yet but it is likel