Its a 2 trillion business that just keeps accelerating. But is the global car industry changing gear fast enough . We report from the new York Auto Show. Plus, airbnburglary the home rental giant says its tightening security after users advertised their homes, which then got robbed. We have a special investigation. Welcome to World Business report. Im aaron heslehurst. We have got that friday feeling which means it is good friday which means you are probably not watching you are probably in bed if you are watching, i have an exciting snapshot for all of the news for you, will start in new york with annual auto show opened its doors the public. The car business had a bit of a bumpy ride during the financial crisis but today, its bigger and more profitable than ever. Let me show you how big. According to the swiss bank ubs, the global Auto Industry is now worth this. Over 2 trillion a year. Thats more than the entire economy of italy or brazil. And heres why last year, more than 88 million new vehicles were sold Around The World an all time record. But the industry is facing huge changes. Goldman sachs predicts that by 2025 a quarter of all of cars sold will have electric engines, compared to just 5 at the moment. Tesla has seen its Stock Market Value overtake that of General Motors and ford in recent weeks. Thats despite the fact tesla makes a fraction of the number of cars, and doesnt even make a profit. But Financial Markets are sending a clear message about what they see as the future. From the new York Auto Show, Michelle Fleury reports. Here at the new York Auto Show there are plenty of the big kind of Sports Utility Vehicles that americans love so utility vehicles that americans love so much right now. But the big us automakers have been criticised for falling behind when it comes to cutting edge technology. Case in point, tesla is now worth more than General Motors and ford. Ive come here to ask or the executives or does it take to succeed as a global carmaker today . Dont try to grow too fast, dont try to overstretch the market, dont have too much supply, hold on pricing power, get the mix right. If you put those things together you can have success you put those things together you can have success in the market. And iiow can have success in the market. And now of course can have success in the market. And flow of course comes can have success in the market. And now of course comes the all new navigator. It starts with a kind of a Customer First approach of what they want and then how this technology deliver that, so its really maintaining the focus of creating great products but also more and more as we go forward Great Services and experiences for customers. We are committed to seeing better fuel economy and lower emissions and this is not a new thing, this has been going for the last decade or so. Been going for the last decade or so. All around the decade world, there is a push to drop emissions and fuel economy to go up until ultimately zero emissions and the technological steps towards it and also started building in overall volume. Built in. Also started building in overall volume. Built in. One key to success volume. Built in. One key to success is doing well in china, The World S Biggest car market. So next week, these automakers turned their attention to the shanghai auto show. Krish bhaskar is ceo and founder of miru the Motor Industry Research unit in nice france. Not a bad spot to work in think you for coming in at this horrible time of the morning there has been some criticism, some of the us car makers, and maybe volkswagen to some extent, that they have all been a bit slow in adopting and adapting to the changing technological world that we are in. Thats absolutely right, they have, but on the other hand President Trump has come in and reversed everything, or is about to. 2017 regulations are fluid at the moment. We dont know what they will be. And its quite clear that what 0bama thought would happen is going be reversed and may even be rolled back. Lets take that step further because i will explain, krish and i we re because i will explain, krish and i were talking before we came on air and you think the whole electorate sort of push towards electric cars with now in could be pushed to the site . Not pushed to the side but delayed. Resident trump wont be there for ever but it is happening in North America at the us particularly, is there is going to bea particularly, is there is going to be a delay. Now at the moment paola, muscle cars, huge suv is, of the showstoppers, are huge engines with 800, 0 100 showstoppers, are huge engines with 800, 0 100 miles an hour in less than five seconds, huge Seven Seater Suv s. Than five seconds, huge Seven Seater Suv s. We used to call them the yank tanks. They are making a comeback . Yes. What you think the showstopper will be this year . Lincoln navigator. It is outstanding. The lucida Electric Vehicle could have been really great pre trump but not post trump and one of our own vehicles the airspace, jaguar f pace, is the total winner of the air. It is great. You mentioned lucid, made in california, an electric car maker, but we always talk about tesla, did it surprise you that tesla did Overta Ke A Com Pa ny it surprise you that tesla did overtake a company that makes a fraction of the cars has never made a profit at one point it did overta ke a profit at one point it did overtake the value of General Motors and ford . Thats the investors speaking with their wallet, isnt it . That is doing something new. Theres a new competitor by g m, the chevrolet alt and it looks good, it is cheaper, it works, its Extender Lead to a vehicle and it is excellent. I have been told i have to wrap it up. I want to ask you very briefly, diesel car sales, are they going to go down do you think . They may come back up depended on the regulations. Everyone at the moment is trying to see what is going to happen. Regulations have been passed, it diesel, the 2017 but a comeback. A great three, always a pleasure, thank you forjoining us on this friday will stop. We are also talking about aianb. It is is improving the security of its app and website after a bbc investigation found peoples homes had been burgled by scammers using stolen accounts. The bbc spoke to three people who were robbed after they advertised their properties on the accommodation booking service. Chris foxx reports. Soi so i walked the police into this room which you can see is full of stuff but it was like completely empty. Lack of people Christian Howard letter keys home on aianb while he was out of town as a convenient way to make some extra money. It done so for years without a problem but on his birthday his home was burgled. While i was enjoying the hotel and having brea kfast enjoying the hotel and having breakfast and then returning back to the hotel room, just to enjoy the day and relax a little bit, i got a horrible text message saying that somebody is in the flat and it is not me because my account has been compromised. 0bviously my birthday was over, said it was my first reaction. Christian body had let at his home a verified profile, or who had shown a b b Government Identification and it had positive reviews from previous bookings that the account had been stolen, the attacker changed the name, photographs and Contact Details but kept aianbs verified badge. And christian isnt alone. The bbc has spoken to two other people who were robbed this way and three others who have the recount stolen. And aianbs Facebook Page has dozens of comments from people who have had their accounts compromised. There are many ways attackers could have been hijacking aianb accounts, they may have tricked people into handing over their passwords but there are ways aianb could have defended against this. Google, facebook and twitter is among others all offer to step of occasion. It requires you to enter the code sent to your phone as well is your password to get into your account. We put our Security Concerns to aianb, the company said those changes include to step of occasion when somebody logs in for a new device, and text message alerts is somebody changes your profile information. But the christian, the changes come too late. This is the whole experience has left him with a bad feeling and he may not use aianb again. Let me leave you with this Credit Suisse chief executive Tidjane Thiam and the banks Board Of Directors have offered to cut their own bonuses by 40 ahead of its annual meeting. A very nice of them they also proposed to keep total board pay at the same level as 2015 and 2016. The move follows pressure from swiss lawmakers and the banks shareholders to address excessive executive pay. The swiss bank has posted two straight years of losses but its top 12 executives were awarded around 77 million in pay this year. Thats for two years of losses follow me on twitter i will be back with james to have a look at some of the papers from Around The World. Unions representing half a million teachers will discuss a crisis in funding and opposition to plans for more grammar schools, when they meet later in cardiff and manchester for their easter conferences. 0ur Education correspondent Gillian Hargreaves reports. St Martin School in essex is a good school but even here it is become increasingly difficult to recruit staff, particularly in specialist subjects. At one stage they have a Science Teacher vacancy for more than a year. But there are also shortages in maths and modern witches. A look at the people that are teaching in those areas and the number of people due to retire over the next ten years and also the number of people that are coming in at art actually specialist in the subject area they are teaching and i think that this is really an issue. Teachers gathered for conferences at a time of unprecedented anger over cuts, there have been widespread protests from pa rents cuts, there have been widespread protests from parents and schools who say that without more money, class sizes will go up and Teaching Post will be cut. The government points out £40 billion is being spent on schools this year, a cash figure ever. But teachers say it hasnt taken into account rising cost like pay, pensions and the running costs of schools. The Funding Pressure is also beginning to hit parents. Something of a concern to the unions. Of parents are saying they are making at least one financial contribution to the Schools Funds in order to enhance resources , Schools Funds in order to enhance resources, whatever that means, at school level and many parents are saying that even the cost of uniforms is something which they can no longer afford. There is also much disquiet about Government Plans to introduce a new wave of grammar schools. Teachers are due money set aside for them would be better spent on existing schools. However the government says this new wave of grammar is would benefit less well off families. And coming up at 6am on breakfast Charlie Stayt and sally nugent will have all the days news, business and sport. Thats in 15 minutes. The top stories this hour the us military has dropped the largest Non Nuclear Bomb its ever used, on so called Islamic State hideouts in afghanistan, the first time the so called mother of all bombs has been deployed. Syrias president has dismissed reports that his forces carried out a chemical weapons attack on a rebel held town in Idlib Province last week. He says they are 100 fabrication. Now its time for our newspaper review. We start with our top story syrias president Bashar Al Assad has given an interview, strongly denying his forces were behind a deadly chemical weapons attack, saying western countries, in particular the us, had worked Hand In Glove with Terrorist Groups to stage the attack. Thats in the independent. The Daily Telegraph reports the Islamic State Militant Group in afghanistan has been the target of the mother of all bombs, the largest Non Nuclear Bomb ever used by the pentagon in a conflict. It was dropped on caves used by is fighters
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