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Transcripts for BBCNEWS World Business Report 20210803 04:47:00

$30 billion between now and 2025 to go on this journey and to get itself to a point where at least it can be competitive. the money is being spent on five battery plants that it needs to build in order to power its cars in the future. it is moving its brands progressively between now and 2030 to be fully electric brands. including 0pel and vauxhall. you start to be able to see the challenges they are facing, but of course it is not just about building the cars, they need the governments to support them in the journey to put the infrastructure in place so that when people buy the because they can use them properly and so on. there is a huge societal shift as well as a car making one under way. we shau a car making one under way. we shall keep a car making one under way. we shall keep a close eye. talk to you again soon, jim, i m sure. thanks again for getting up so early this morning. things are getting more expensive. inflation, shipping lag times and a shortage of raw materials has

Transcripts for BBCNEWS World Business Report 20210803 04:44:00

norway s karsten warholm beats his own world record to win gold in the men s 400 metre hurdles. there are a slew of car companies reporting their results this week. stellantis, it s brands include fiat, chrysler and peugeot, is reporting today, as is bmw. then we ve got general motors, toyota and honda on wednesday. so we should get a real sense of how the car making sector is doing as we start to exit the pandemic. it s widely reported the biggest issue is a shortage of the semi conductor chips, but this is seen as a temporary problem. the main challenge is the electrification of the industry as governments set limits for the end of petrol and diesel cars. jim holderjoins us editorial director, what car? and autocar.

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