Asia depressed, not a huge amount of movement. And well be getting the inside track on how Crowd Funding is changing the way that Solar Energy Projects are funded in developing countries. It is ten years on from the launch of the iphone, we want to know what you think will be the next game changer . Let us know just use the hashtag bbcbizlive. Welcome to the programme. Over the next few days, the worlds car makers will be taking the wraps off their latest products at the Detroit Motor Show. The car seems more popular than ever an estimated 75 million were sold last year, but 2017 is already beginning to look like a big year of change for the industry. Not least because more of them are looking to invest in the United States. In the last few hours Fiat Chrysler has said it will put 1 billion into two us factories, which will create 2000 newjobs. The incoming President Donald Trump has been Piling Pressure on carmakers to make the vehicles they sell in the us in the us. Meanwhile the traditional Business Model of the industry is changing with the disruption coming from the technology firms. Google, apple and uber are pushing innovations like Driverless Technology and car sharing apps. And that will also mean more electric cars. Global warming and pollution are just two of the reasons many of the established players are focusing their investments in this area. In particular there are concerns about Diesel Engines with cities including paris, mexico city, madrid and athens all planning to introduce some kind of ban over the next decade to improve air quality. And then there is the prospect of a free trade era slowing down thats why Fiat Chrysler is investing in the us, with donald trump threatening several leading manufacturers with tariffs for Building Cars in mexico. Thank you. Talking through the key issues facing the motor industry. Earlier i spoke to the boss of rolls royce. Talking through some of theissues rolls royce. Talking through some of the issues which is interesting because rolls royce has not launched itself in a major way yet into the electric car industry and it is something i grilled him about, but when it came to other issues, as well, we talked about the situation with regards to the car industry in general and where things are headed. Hopefully we will get the view of karel williams. At first, another story that was big in business. It was the issue with regards to the us, the President Elect, donald trump, moving to push us car manufacturing, stopping them basically moving manufacturer to mexico or the decreasing manufacturing in mexico and back into the us. We got an expert view on that. It is plus 6 worldwide what we have achieved, a good year, in the light of considerable events in markets worldwide so 6 is great, over 4000 cars, a great achievement. We will let you get away with that but you solve most of your cars in the United States. The biggest market. After that you saw a 25 rise in sales in the uk. The uk has been a good market for us last year. Plus 25 . The car market in total was strong. Why was the u k. s strong in 2016 for you . You see High Net Worth individuals in the uk and they are our target groups. The economic climate was not bad in this way and for that reason we have seen good business. When it comes to the industry and changes we have talked about, the donald trump effect, technology, the likes of google and apple getting involved. Where do you see yourselves in the future . Some argue you have not necessarily moved with the times as quickly, for example, electric, you were slow to get a head on. Example, electric, you were slow to get a headon. We are in a different segment, we are not a traditional automotive recess. We are a luxury business. Our clients do not need a rolls royce to go from a to b. They have several cars. They will not accept compromises on charging times, stuff like that. More people wa nt times, stuff like that. More people want environmentally friendly vehicles that will get them there may be by plugging in as opposed to using old fuel. We presented last year the vision car, which is full autonomous driving, fully electric and that is how we see rolls royce. Where will we be able to drive one of those . The next ten years, definitely. He was that . You got it wrong stop i didnt get it wrong. That was the boss of rolls royce. We know who he is. I have interviewed him many times. However, iwas know who he is. I have interviewed him many times. However, i was told we would run Somebody Else we spoke to earlier. We have spoken to a lot of people about the Detroit Motor Show. Lets move on. In other news. Two senior samsung executives have been questioned as part of the Corruption Probe surrounding south koreas impeached president , park geun hye. Its reported that theyre being treated as witnesses. The Electronics Giant is accused of giving large donations to non profit foundations operated by a close confidante of ms park, allegedly in exchange for Political Support for a controversial merger. Ms park denies any wrongdoing. Us authorities have arrested a Volkswagen Executive who faces charges of Conspiracy To Defraud this according to the new york times. 0liver schmidt led volkswagens Regulatory Compliance office in the us. The report suggests he was arrested on saturday by fbi officials. If confirmed, mr schmidt could become the most senior volkswagen employee to face criminal investigations relating to the emissions scandal. Venezuelas president , nicolas maduro, has announced a 50 increase in the minimum wage. Its the fifth increase in the last year and is supposed to help venezuelans, who are struggling to cope with Hyper Inflation which is estimated to be around the 500 mark. The opposition says mr maduro is responsible for an economic crisis which has been engulfing the oil rich country for the last few years. We will talk about cars. We have managed to establish a link. Karel williams is a professor at Alliance Manchester business school. This is the guest we intended to speak to at the beginning of the programme. Thanks for joining speak to at the beginning of the programme. Thanks forjoining us. We have mentioned the challenges facing the car industry. From your Point Of View what is the big issue . There are three big issues. First, free trade with mexico after President Trump. Secondly, the mobility revolution, autonomous cars, and third, diesel cake. If you put them together it is a perfect storm for the motor industry. Trade, of all the motor industry. Trade, of all the things we buy, the car is possibly the most complex in terms of the way it is put together. If you have a hurricane in thailand it can disrupta you have a hurricane in thailand it can disrupt a Production Line in dagenham. If you have a more protectionist world, mr trump perhaps in the us, and other regimes around the world, what happens . Perhaps in the us, and other regimes around the world, what happen57m is an interesting question. A formal public position of the industry is tell us the rules and we will adopt. Adapt. If we look at it more broadly there is an important issue that an industry like the American Assembly industry is heavily dependent on cheap imported components from mexico. 40 of components from mexico. 40 of components in us assemble cars come from mexico. What the industry will hope is President Trump makes noises about assembly but does not disrupt the supply chain arrangements. What if he does . He seems to be a man with a mission. It is an interesting question, the whole thing about President Trump is there is ambiguity. He is between his midwest, ambiguity. He is between his m idwest, westervelt ambiguity. He is between his midwest, westervelt voters and his cabinet of billionaires and exactly how he pitches it i do not know. Assembly in mexico will be frowned upon west belt. A reordering of the supply chain, i rather doubt. Thanks. Chinas Ruling Communist Party has introduced tougher rules for its Corruption Investigators after Anti Corruption staff were put under investigation themselves. Steven mcdonald is in beijing. Tell us more. Steven mcdonald is in beijing. Tell us more. China has half a million Anti Corruption us more. China has half a million Anti Corru Ption investigators answering the call from the president to go after those who are seen to have behaved corruptly within the communist party. Now, to some extent, the spotlight is turned on them with new rules. How they investigate people, how they conduct surveillance. And that is because 7900 of these investigators are said to have been punished in some way, and 17 of them have been investigated for having committed their own corruption. This is about their own corruption. This is about the party trying to shore up public faith in this Anti Corruption drive. Thanks. An interesting story. China, it would seem, on its own mission when it comes to clamping down on corruption. It comes in waves. There is always a clamp down in corruption in china. Every few months. We can talk to Richard Hunter about the markets. Good morning. Nice to see you. We are talking about markets on the rise. The ftse, near all time highs. It is about anticipation. The two things we are looking forward to in 2017 of the ramifications of when the President Elect becomes president , at the end of next week, and after we have triggered article 50, to see how the uk economy will be affected, which as we have seen from the data, it has not been so far. There has been an effect in the sense theresa may, and impacts with what she says on her plans. This is one of the major reasons we saw such a rise from the ftse 100 one of the major reasons we saw such a rise from the ftse100 last year which is good news for the market. Up which is good news for the market. Up to 85 of earnings for ftse 100 Companies Come from overseas are the wea ker Companies Come from overseas are the weaker Pound Turbochargers our own market. The American Market is going ahead in anticipation of the boost donald trump will give to the economy. It has been contradictory tale. Some are doing well and some having a hard time christmas was not back good. It was against a Soft Christmas Last year. There seems to Bea Christmas Last year. There seems to be a Chasm Opening up between online retailers and physical presence retailers. Clicks and mortar. I see, people who straddle both will stop in terms of figures last week, the outlook was guarded, although they are famous for that and it is important we get a big names coming through this week to get a more balanced picture of whether it was a good christmas but the uk consumer could start to be trench, depending on the actual outcome of brexit when it happens. Good to see you. Nice to have someone good to see you. Nice to have someone in the studio. Things do not go wrong he is coming back later. We will meet a company trying to End Energy Poverty through the help of crowdfunding. First, in the uk we have lots of news about the banking sector. The government has sold a further 1 in Lloyds Banking group. It now owns 5. 95 of the business. 0ur our Business Editor simon jack our Business Editor simonjack is in the newsroom. It is not the government which owns the biggest sta ke government which owns the biggest stake at the moment, it is Somebody Else . It was bound to happen. Because the government has slowly sold off its original 41 stake it got back in 2008 overtime. Although it isa got back in 2008 overtime. Although it is a significant milestone, it is no longer the biggest shareholder in lloyds bank, which passes to blackrock, the us financial group. Selling shares slightly below the price they bought in at all those yea rs price they bought in at all those years ago, but they have pretty much broken even and return some 17. 5 billion of the original 20 billion put into it. It is a moment to recognise the Fact Noise Bank has done a good job in cleaning up its act and turning itself into quite a boring uk based retail bank. It was a simpler proposition to fix than rbs, the other bank in which the government owns a massive state. Rbs, the contrast is stark. We still own 73 of that and eight yea rs on we still own 73 of that and eight years on the bank is still losing money and it is actually looking right down the barrel perhaps as early as this week of another whopping fine, this time from the Us Department ofjustice over those mis sold sub prime mortgages. If we get a 10 billion fine, the bank will think thats a good result. It was a more complicated proposition than lloyds to fix. It was a global bank. 0n than lloyds to fix. It was a global bank. On some measures it was the biggest bank in the world with tentacles just about everywhere. Lloyds is on the right track, rbs, a long time before we see much of that money back that we put in nearly eight years ago. 0k, simon, thank you very much indeed. Simonjack there, our Business Editor. There is a lot about that story on our website. Something we havent mentioned so far, even though we have dedicated quite a bit of the programme to it, it is bmw, they are telling us that they are determined to build their plant in mexico despite the fact that ford, fiat and others have gone back on that decision. Bmw ploughing ahead with building a plant in mexico, contrary to President Elects, donald trumps, favourite policies. Youre watching Business Live. Our top story, Fiat Chrysler says it will invest 1 billion in the United States as the Detroit Motor Show gets underway. A quick look at how markets are faring. London up. Just a bit. Meaning, you know, it keeps going on and on, doesnt it . This whole record rally as it were. Very close to alltime highs. Not quite there. We have got another 30 or 40 points before we get there. For many of us, a reliable power supply is something we take for granted. We turn on the fridge or the tv and itjust works. But for many others its a very different story, the International Energy agency says 1. 2 billion people around the world do not have access to electricity. 0ne crowd Investment Platform hoping to change this is called trine. It was launched in february and with the help of 500 investors, the business has already funded eight Solar Energy Projects across sub saharan africa. Access to electricity but the company says its platform could help millions more around the world. Sam manaberi is the founder and ceo of trine. Nice to see you, sam. So next month you are a year old. Yes, thank you for having me. Just tell us about why you launched this nearly a year ago. What gave you the idea . Why you launched this nearly a year ago. What gave you the idea7m why you launched this nearly a year ago. What gave you the idea . It all started with solar and finance because financing of solar takes away the upfront cost, the burden of that. As long as you can sell solar power cheaper than competing fuels, solar will win. Where did you get the idea . Youre based in. In gothenburg. You are talking about solar energy for lots of people in sub saharan africa. Solar energy for lots of people in subsaharan africa. If you come from the side of solar financing, you see this problem, 1. 2 billion people, thats one in five people that are using kerr roe sown and diesel and you want to have a solution to that problem and if you want to fund it, crowdfunding. So where are you getting your investors from, are they Northern European investors or are they from everywhere . They are from 20 European Countries so far. We are live in all the eaa countries, here in the uk, with a licence, yeah. What kind of return are you offering . Somewhere between 596 are you offering . Somewhere between 5 and 7 currently. Are you offering . Somewhere between 596 and 7 currently. And the are you offering . Somewhere between 596 and 796 currently. And the funds are lent on to the entrepreneurs in Southern Africa . These are solar entrepreneurs that do the installation and they need Working Capital to scale their business. But what are you charging them . We charge them somewhere between 10 and 16 . Charge them somewhere between 10 and 1696. Thats a lot. Thats a lot. You have to be competitive for us as well and so we are, otherwise they wouldnt use us. Yes, we are in the market place with a competitive rate. You are the financial aspect, you dont provide the panels, you dont fix it and put it up and set it up and connect people to electricity . Exactly. They do that. How do you make sure they are not ripping off their customers in kenya for example . Right. Thats an interesting place to start. These are interesting place to start. These a re really, interesting place to start. These are really, the crowd investors and the solar entrepreneurs, they are the solar entrepreneurs, they are the heroes of our business. They have track records. They have done impact. They know how it works. It is not a question about ripping anybody off. But we have to take your word for it, dont we . You can see and follow the projects digitally. You are there. You can fly to the place if you want to. It is not this generic band of products. It is specific and you can follow it almost on a day by day basis. Isnt there a moral problem you have got western investors making 5 to 12 return on the back of entrepreneurs paying interest on theirfunds . Of entrepreneurs paying interest on their funds . I dont think so at all. I think that business is sustainable and it is proven itself over the test of time. So as long as the market, these are markets where Mobile Phone Charging could cost between 30 and 50 per kilowatt hour, whereas we pay, you know, 20 cents in our part of the world. To really compare Interest Rates to here in europe or sweden or london doesnt work. It is a different game. Sam, we are going to have to leave it there which is a shame because there is so much more to talk about. We will keep an eye on how it goes. Its perhaps hard to imagine these days a World Without smart phones and other smart devices. But today marks an important event in the History Of Technology with the launch of the original apple iphone. It wasnt the first smartphone but it could be described as a gamechanger. 0ur correspondent Rory Cellan Jones was at the original launch of the product in San Francisco and heres part of his report of the event. So here it is, the shiny new iphone just unveiled here. It can go on the internet, you can do your e mail, you can play music and video and you can even make phone calls. So why so much excitement about this device . Just who would queue up at 7am on the streets of San Francisco . Apples devoted fans, thats who, determined to find out about the latest product. 0ne wants to know the latest mac products as soon as they re announced. Inside, the man who has revived the company he founded was not about to undersell the event. Were going to make some history together today. After creating the ipod, the must have gadget of the past decade, stevejobs has spent years wondering if he could combine it with a phone. Now, he has. Its a sleek device controlled by a touch screen and it is supposed to bring apples design and computing skills to a whole new market. Good morning. How can i help you . Yes, i would like to order 4,000 lattes to go, please. No, just kidding wrong number, thank you. You might think it is just another new phone, but the apple fans were almost hysterical with excitement. Ten yea rs ten years ago that was stevejobs the then boss of apple. Does that bring back memories . Ten years. |j have still resisted. You havent got one . I have got some apple stuff, but not the apple phone. Presumably you have got an Android Device . do. What is the next big one . The way were going, it looks like d riverless ca rs way were going, it looks like Driverless Cars could be the thing of the future particularly im thinking in terms of freight, you know, a long desert distances rather than urban. Just to illustrate what a game changer this, it is on the front page of arab news today. Appleholics celebrate as the iphone turns ten. 0ne individual spent 50,000. He describes himself as an appleholic you can do so much else on it. Rory has written a piece on bbc online which is interesting. He says in the past, before this time ten years ago, phones were basically for calling people. Theyre not, they are hardly that now. Calling and the odd text. Not even a photo. Remembera Odd text. Not even a photo. remember a strategy piece 20 years ago saying it wouldnt be long before you could live your life without moving from your house because the way the internet was moving on. The fact of the matter is, of course, providing that you have got a hand set with you, there arent too many things that you cant do without it. Thank you richard. We have heard from you, of course, which is something we hope to do on Business Live. Luke says the game changer will be the self driving car. Thats it from Business Live today. Well see you again tomorrow. Hello. If your weekend was anything like mine, you probably sat looking at the mild face of winter, laden skies, visibility not that great, a bit of rain in the forecast too. Well, we have more rain on the way gradually working its Way South And East across the British Isles. So there is a combination of wet and windy weather for all parts of the British Isles during the day. But at least this Weather Front does us the favour of getting rid of all that murk, brighter skies following on behind, but with the chance of quite a bit of Shower Activity especially through central and Western Parts of scotla nd through central and Western Parts of scotland and Northern Ireland too. The showers merging later on as the more northern portion of the front comes back in to those Western Parts of scotland. But as the Weather Front clears away, so brighter skies will break out to the eastern side of the pennines and the north and West Midlands and much of wales and parts of the south west later on in the day, but the rain doesnt get away from the far south east until after dark. And then we keep the showers going. As i say, the showers Ganging Upfora showers going. As i say, the showers ganging up for a time across parts of scotla Nd Ganging Up for a time across parts of scotland and the north of england. Tuesday starts off fairly dry for central and eastern parts of the British Isles. But dont be fooled by that because another little weather feature, not with quite as much rain as mondays feature, will gradually work its way further towards the east, but not rocking up in parts of east anglia and the south east until really quite late on in the day. Dont be fooled by the dry start. Wednesday is something of a transition day with the winds beginning to crank away from the south west to somewhere north of west, a fresher feel, there will be sunshine around, but there will be some showers turning a little bit wintry across the Higher Ground of Northern Britain and those temperatures by this stage, now we are back into single figures and we continue this theme a face as i move you from wednesday and into thursday and towards friday because the isobars begin to turn more towards the northerly and if you have heard stories of an arctic blast, the Cold Airwill Run the stories of an arctic blast, the cold air will run the isobars from north to south, such that notjust for the Higher Ground of Northern Britain, but perhaps across the moors of the south west, by friday and indeed in the first part of the weekend, we could be seeing Something Like this. Hello, its 9 oclock. Im victoria derbyshire, welcome to the programme. Our top story tackling the injustice and stigma of Mental Health. The Prime Minister promises to help schools and companies in england deal better with Mental Health issues. This is really theresa may saying it is a priority, we want to sort this out. It is not acceptable people wait too long and some people do not get the help they need at all. Keen to hear what you think of the plan is particularly if someone close to you has a Mental Health issues. Also on the Programme Exclusive Access Inside A fix room in denmark. Drug addicts can legally take heroin and Crack Cocaine under medical supervision. This feels like a second home. I dont know
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