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Money Talks from The Economist

Money talks: One Belt One Road

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 24 July 2018

⏱️ 17 minutes

🧾️ Download transcript

Summary

What now for Fiat Chrysler after Sergio Marchionne’s departure? How America and Europe are tightening rules on foreign direct investments. And China’s Belt and Road Initiative - a benevolent gift to connect the world or a highway to world dominance?  Helen Joyce hosts




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Transcript

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0:00.0

Hello, I'm Helen Joyce, the finance editor of the Economist.

0:08.2

Welcome to Money Talks.

0:09.8

Coming up on the programme.

0:11.6

What's next for Fiat Chrysler after Sergio Marcioni's departure?

0:15.9

How both America and Europe are tightening up the rules governing foreign direct investment.

0:20.2

The EU at the moment doesn't even have an investment screening regime, so this is setting something

0:24.8

up rather than reforming something that already exists.

0:28.4

And China's ambitions to connect the world.

0:30.9

It is a benevolent gift to the world, but there is another vision that actually this is much more than just railways and bridges and innocent things like that, that it's much more about the master plan for world domination.

0:43.0

First, the weekend saw the end of an era at Fiat Chrysler with the shock departure of its chief executive.

0:49.0

Here to tell us more is Simon Wright, our motoring correspondent.

0:52.0

Well, there's some very sad news over the weekend at Surgeon. More is Simon Wright, our motoring correspondent.

0:52.6

Well, there's some very sad news over the weekend that Sergio Marcioni, who's been the boss of Fiat

0:56.8

and Lately Fiat Criesler after the merger, for 14 years, is clearly very gravely ill. He had a routine operation apparently

1:04.1

complication set in and he's no longer able to carry on as chief executive. I

1:08.5

mean the seriousness is shown by the fact that he was going to step down as

1:11.9

chief executive next year anyway.

1:14.1

But also the news has emerged that he'll be replaced at Ferrari where he was expected to remain

1:18.7

as a boss until at least 2021 and as chairman of CNH, the industrial arm which was also spun off from Fiat.

1:25.8

Who's taking over?

1:28.0

The new man will be a chap called Mike Manley who's been the boss of the Jeep Division

1:31.7

which has made a lot of the profits of

...

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