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Coronavirus hits carmaker profitability

A slew of results reveal the challenge posed by coronavirus to carmaker profitability.

A slew of results reveal the challenge posed by coronavirus to carmaker profitability. Companies are scrapping models and closing plants to survive, and Patricia Calvo Lorente of the UGT workers' union in Spain tells us there's little hope that three Nissan plants scheduled for closure in northeastern Spain will remain open. And we get wider context on changes in the automotive industry from professor David Bailey at Birmingham Business School in the UK.

Also in the programme, India's version of Silicon Valley, Bangalore, is facing a huge economic challenge in the wake of the Covid-19 pandemic. The Βι¶ΉΤΌΕΔ's Rahul Tandon reports that many people have lost their jobs, and with cases still rising, there are fears that the worst is yet to come.

And - former Malaysian prime minister Najib Razak has been sentenced to twelve years in prison after being found guilty of several multi-billion dollar corruption charges. We'll hear more about the global web of fraud and corruption.

Plus, as France announces plans to ban the use of heaters on restaurant and cafe outdoor terrace areas from next year, we hear from a cafe owner who fears the potential impact on his winter turnover, and get wider context from Emma Pearson, editor of the news website The Local France.

(Picture: Workers on a Nissan production line. Picture credit: Reuters.)

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27 minutes

Last on

Tue 28 Jul 2020 22:32GMT

Broadcast

  • Tue 28 Jul 2020 22:32GMT