Monday, January 13

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 13 January 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nissan executives have accelerated secret contingency planning for a potential split from Renault, the head of MI5 says he has “no reason to think” that the UK’s intelligence-sharing relationship with the US would be hit if Britain adopted Huawei technology in its 5G mobile phone network, and JAB Holdings-owned Panera Bread is set to reduce the proportion of meat-based items on its menu by a third. Plus, the crisis at Boeing has deepened after the release of damning internal messages. The FT’s Claire Bushey reports on what it means for the company as the new chief executive, David Calhoun, begins today.

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Transcript

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0:00.0	The UK's energy partner.
0:06.0	Learn more at equinore.
0:10.0	Good morning from the newsroom of the Financial Times.
0:12.0	Today is Monday, January 13th. Good morning from the Newsroom of the Financial Times.
0:12.6	Today is Monday, January 13th, and this is your FT news briefing.
0:18.9	Nissan is pushing ahead with a secret plan to potentially split from Renault.
0:23.0	The head of Britain's MI5 thinks the UK can adopt Huawei technology
0:28.0	in its 5G network without risking its intelligence relationship with the US, and Panera Bread is looking to cut the amount of meat on its menu.
0:37.0	Plus the F.T.'s Claire Bushy unpacks the deepening crisis at Boeing, as its new chief executive takes over today.
0:45.0	I'm Mark Filipino and here's the news you need to start your day.
0:49.0	Sources tell the FT that the top brass at Nissan are ramping up a secret contingency plan to potentially split from Renault. The Automotive Alliance, which also includes Mitsubishi, had been held together for two decades by Carlos Gone.
1:06.4	But cracks in the relationship between Nissan and Renault began to form after Mr. Gone was arrested
1:11.5	in Japan in 2018.
1:14.0	Several sources told the F.T.
1:15.7	that Nissan's plans include a total divide
1:18.2	between the companies in engineering and manufacturing
1:21.5	and changes to Nissan's board.
1:24.4	These plans have been ramped up since Mr. Gone's dramatic escape from Japan last month.
1:29.4	A split would leave both companies smaller and would probably force Nissan and Renault to find new partners.
1:35.4	The industry is dealing with falling sales and rising costs.
1:38.8	Meanwhile, Fiat Chrysler and PSA are merging and Ford and Volkswagen have formed an alliance.
1:44.0	Prime Minister Boris Johnson has a decision to make.
	...

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