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Money Talks from The Economist

Money talks: Going, going, Ghosn

Money Talks from The Economist

The Economist

Finance & Economics, Business News, Economy, News, Business

4.41.2K Ratings

🗓️ 27 November 2018

⏱️ 13 minutes

🧾️ Download transcript

Summary

We discuss General Motors’ plans to halt production at five factories in North America and cut more than 14,000 jobs. Also, what next for Nissan, Mitsubishi Motors and Renault after Carlos Ghosn was arrested on suspicion of financial misconduct and dismissed from his post as chairman? And, the challenges facing new pub landlords in Ireland. Philip Coggan hosts.

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Transcript

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0:00.0

May I have your attention please you can now book your train tickets on Uber and get

0:08.0

10% back in credits to spend on your next Uber ride so you don't have to walk home in the rain again.

0:16.5

Trains now on Uber. T's and C's apply. Check the Uber app. Hello, coming up. What will be the impact of General Motors' plans to halt production

0:31.0

at five factories in North America.

0:33.0

I think it just wants to move resources away from the old world of motoring

0:37.0

and into the new world of motoring.

0:39.0

What is the outlook for Nissan and Mitsubishi Motors

0:42.0

after the departure of Carlos Gone.

0:44.0

It's a huge downfall for a man who's basically saved one of Japan's flagship companies.

0:49.0

And just how difficult is it to open a pub in Ireland?

0:53.0

So for a country whose chief cultural exporters pubs,

0:56.0

you think they would be pretty good at this whole opening a pub business?

1:00.0

In fact, it's significantly harder than England and Wales.

1:03.0

I'm Philip Kogan and you're listening to Money Talks on Economist Radio.

1:07.0

This week we start in America.

1:15.0

As the news has broken that General Motors plans to halt production at five factories

1:21.0

and cut more than 14,000 jobs, while also announcing it will close three plants outside

1:26.1

the US at the end of 2019.

1:28.8

The moves follow rising costs and slower car sales.

1:32.1

To discuss this, I'm joined by Simon Wright, the economist

1:34.8

motoring correspondent. Hello Simon. So why is GM doing this? You alluded to it

1:40.1

in your introduction. The first thing to say is that the American car market and the Chinese

...

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