Business - News Deutsche Welle January 15, 2018 12:15pm-12:31pm CET
no claim to responsibility yet the bombing bears the hallmarks of the so-called islamic state. the biggest and brightest from the detroit motor show will have a peek coming up in business in one minute. to. learn german with. any time any place. it is going to believe. it's easy to achieve your goals.
all over the world. online and in. german to go. learn german for free. going to. collapse of one of the biggest construction and services companies in the u.k. goes bust. failure could impact millions of people across britain and abroad also on the program car makers show off their big gas guzzlers along with small vehicles at the detroit mortar show. this is. a troubled u.k. construction company. with a. government failed over the weekend employs forty three thousand people around
the world and is involved in hundreds of government projects in the u.k. like building and maintaining hospitals prisons and realize following a rocky twenty seventeen bags refused to throw the company a desperately needed lifeline. in july two thousand and seventeen kirlian was valued at more than one billion dollars as one of britain's largest construction companies it was known for prestigious projects such as the tate modern in london manchester's be some tower and heathrow airport's terminal five but things took a bad turn when the company issued a profit warning last july its share price tumbled and by august it was demoted from the ford c. one hundred b. index for the u.k.'s one hundred largest companies. more than one billion dollars to several lenders who now face the prospect of losing their money they shareholders the creditors the banks are going to have to take out a hit we cannot have
a situation where privatized. private profits when they project so successful that the government nationalizing the losses when they fail a lot would not be acceptable are chameleons demise will leave more than forty thousand people uncertain about their jobs and small subcontractors fear that they are invoices may go unpaid it is now worth a meager eighty million dollars that's less than a tenth of what it was worth a few months ago its financial problems are blamed on unprofitable contracts and delayed payments from projects in the middle east. for some more insight let's bring in our long correspondent. tell us more about the problems that have put karelian into this position. well basically a lot of criticism about its management practices and the fact that they were bidding also for some deals where the profit margins were simply not high enough so basically unsustainable and
a lot of criticism for the british government because we've had profit warnings already last july and yet the government kept investing and it was said by several figures many labor figures the opposition in party that the government was simply too blind with directed that they were too busy with directed in order to to really see what was happening with this company so many people impacted by the situation now the british government is stepping in paying wages for karelian workers for example is there any idea what happens next. a lot of discussion about the general business practice off of government outsourcing vital services where the the profits of being raked in by private companies like karelian who's also being accused of having too high wages for the top management but then when it comes to problems that it's the government that needs to basically step in and the british government is not going to go for
a whole bailout of the company but they need to make sure that the services that karelian has provided so far are going to be continued so they were workers to come to work today and that they would look after its work and their day also would look after its pensions because that's of course is a big worry for those with because employed what's going to happen with their pension liabilities and the federation of small business has warned that many subcontractors and many other companies are associated with caribbean are also very very nervous because careers often waited as long as four months to pay their bills and that they don't know at the moment whether this is going to be continued and generally yes arguing that this that this practice needs to stop where government is outsourcing these vital services burgomaster thank you. traders that indonesia's stock exchange were shaken today after the collapse of
a balcony and the bourses made room video on the local metro t.v. station shows the scene after the balcony had crashed onto the ground floor injuring dozens just before lunch time officials quickly ruled out a terrorist attack blaming weakness in the building structure for the accident that left markets unimpressed trading in jakarta resumed in the afternoon which major indices ended the day mostly flat. they did for a motor show kicked off sunday and as u.s. consumers have had a long lasting law for pickup trucks carmakers were eager to present their latest gas guzzlers alice a luxury car makers could benefit from president trumps tax reform as the new legislation will leave more cash in the hands of those with higher incomes. for more on the industry's performance last year and a look ahead at twenty eight seen our correspondent carsten phenomena spoke to b.m.w.'s chief financial officer. dr peter immobility is said to be the future of the car industry
a number of countries throughout the world are trying to get more electric and hybrid cars on the road now here in america this administration has different priorities but there are many states and cities who are pushing these developments how important is this market segment for b.m.w. well first of all in terms of electric powered car two thousand and seventeen was a very successful year for the b.m.w. group we have sold more than one hundred three thousand cars worldwide which makes us the number one worldwide in the premium segment for electrified cars the u.s. marketplace in q.l.d. . this strategy why because even from a global perspective twenty percent of the cost of the electric powered cars were sold in the u.s. and this definitely on the lines developed and the patents of the u.s. markets and we are very optimistic that sings to our investments in this technology
we will see photos of momentum we will see further grows in the years to come. though in general two thousand and seventeen was a difficult year in the u.s. market for many producers including german producers and b.m.w. what we do reasons for this was this partly because of a loss of trust because of the gate scandal at fox bargain or because of president trump lessing out against germany produces what is your assessment from from our perspective to sounds and seventeen was what i would call a transition year why because the very important x. three was in and out we've started to production it was a new x. we late in twenty seventeen and since we have seen close we have seen a very good momentum in the u.s. market so i'm optimistic far twenty eighteen for our performance in the u.s. market why. because on one hand side we have a very successful five series with
a full impact in twenty eighty and on the other hand side we are launching the x three to be followed by z x fonzie x. two and later in the years the x. seven so in a market which is clearly more and more focused on its you vs we have exactly the right mix of products. b.m.w. chief financial officer nicholas peters speaking dark correspondent costs and phenomena there so the battle is raging over the next big market immobility ford just announced an eleven billion dollar investment to improve low battery range that's a challenge drivers are willing to ship to face nowadays but more and more are going electric despite its limitations our reporter i mean a city caught up with one. if you forget to charge your phone you can't use it for jeffrey jacobs the same goes for his car jacobs drives a nissan leaf
a one hundred percent electric vehicle with a range of ninety miles that's just enough to get him to his job and back home the trip is a challenge but he enjoys it. i switched to an electric car because i felt first of all that it was an efficient way to go second of all it was a form of domestic energy where i wouldn't have to depend on the for the fluctuating price of gasoline. when jacobs first started driving a plug in car five years ago he was one of the very few electric car enthusiasts there are now two million electric cars in circulation worldwide twice as many as just two years ago professor deborah blevins who has been studying alternative transportation for over thirty years believes the technology is at a turning point the biggest challenge has been on batteries batteries have made a huge stride they're not there yet but they made a tremendous strides despite recent improvement electric cars are still expensive
and sales only account for one percent of the market in developed countries in order to help get the new technology into people's hands governments around the world from norway to the u.s. provide rebates to electric car buyers at king mitsubishi in maryland the outlander hybrid electric vehicle qualifies for about seven thousand dollars in government incentives this is actually the first week and a half that we have come in and we've had a huge amount of customers come in obviously they're doing the research they want to know more about it we have had sold a couple so far ready these government sensors absolutely help customers in terms of purchasing these plug in hybrids some analysts suggest that the market for electric vehicles could overtake that of gasoline engines by as early as twenty thirty five while that's great news for cities suffering from air pollution there's a catch electric cars still draw on fossil fuels for their. so if you're generating electricity and most of the electricity is comes from coal and gas then you.
so you have to green the electricity mix in order to then have electric cars significantly. greenhouse gas emissions. jacob's hope is that one day he without having to pollute much has to change before he can achieve zero impact driving but he's in it for the long haul. program. for all the latest business news including the latest from the detroit auto show i'll have an update for you here next hour.
she transformed her life story. twenty four year old singer songwriter and song. she's the winner of twenty eight. topic sport next.
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returned to. visit friends i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. that matters. hi and welcome to another edition of topic sport with me benedict it's got a great selection of goodies from the contemporary german music scene for you again today including. newcomer ellis merton come back and be able to rockabilly group them baseball's market big universe or a.