Keep them afloat for a while. Well i think its going to help china you have to remember that he didnt 1st announce that hes going to raise prices on all the models its somewhere around 12000. 00 on each vehicle and he was increasing those amounts at the price point in order to compensate for that 10 percent tariff now that hes got the tariff break and hes exempt from it he has not lowered the prices so thats going to be more profit which is what they need i know hes producing as many vehicles as he can as possible shipping them into china as quickly as possible however electric vehicle sales are just not there of the demand for them wasnt what it was and the incentive from the Chinese Government is no longer in place so lets hope that he can sell some of those vehicles and they dont just sit there and lauren following up on we talk about some other sort of failures to execute with specific plans but looking at the core Marketing Strategy for the brand they have sold their cars as kind
Now on bbc news its time for hardtalk. Welcome to hardtalk. Im stephen sackur. Today im inside the Swiss Research laboratories of an International Business which makes billions of dollars every year making and selling a highly addictive, potentially lethal product. These laboratories belong to Philip Morris international, the makers of marlborough and a host of other cigarette brands. My guest today is ceo of the company, andre calantzopoulos. Now, he says he is leading Philip Morris into a smoke free future is that clever Business Strategy or the most outrageous corporate hypocrisy . Andre calantzopoulos, welcome to hardtalk. Thanks for having me. I want to begin with a little bit of history you have been with the Philip Morris organisation for more than 30 years. You lived through that period in the late 80s, 1990s, when it became clear that Philip Morris and the other Big Tobacco Companies had systematically lied, deceived and manipulated the public about the nature of cigarettes, t
Theyre cooking on fire. Right i mean i think the whole thing with electric vehicles the people that are buying them and those people that can afford them and so that means that were looking at. It was strictly those people that believed in not just green energy but also the fact that they had enough money and they were getting that 7500. 00 tax credit which is now gone on tesla vehicles and then of course your state credits if you can afford to buy a new car most people cant so its those wealthy people and if you look at the average buyer of a tesla they make about a quarter 1000000 dollars now that youve got other cars in that marketplace the jaguar i pace the audi eat try and see these has a car youre looking at b. M. W. All the Premium Brands are bringing in plug in the electrics as well as all electric vehicles and they are taking a piece of his market share because its who comes to market 1st choose the 1st one to show up at the country club saying ive got to bring new audi tried
The major power cut across the uk earlier this month was sparked by a Lightning Strike and the sudden loss of two big generators. Its emerged Jeffrey Epstein signed a will two days before killing himself in his new yorkjail cell, while awaiting trial on sex trafficking and conspiracy charges. Manchester uniteds unsettled star paul pogba misses a penalty as his side are held to a draw at wolves. And coming up. We hear from the chicken connoisseur on the decision to put anti knife slogans on chicken takeaway food boxes. Good morning, and welcome to the bbc news at nine. The irish Prime Minister, leo varadakar, has rejected a fresh demand by borisjohnson for the eu to remove the irish backstop from the brexit Withdrawal Agreement. In a letter to the European Council president , donald tusk, mrjohnson said that it was anti democratic and inconsistent with the sovereignty of the uk, and suggested that alternative arrangements could replace it. The uk and the eu had agreed on the backstop as
U. S. President donald trump says the fed should cut rates by a full percentage points. Im not saying there are not circumstances in which i would be willing to ease. I just want to see evidence we are going into something that is more of a slowdown. Growing at 2 , im not as worried about that. Another reprieve for huawei. Riskon sentiment for stocks. Mark mobius says it is better to go for gold. I think you have to be buying it frankly. The gold longterm prospect is up and up. The money supply is up and up. Matt bhp investor bonanza, the worlds biggest miner boosted its dividend while warning on raw material prices. Mckenzie says it bhp can weather any storm. Ready for whatever the road might throw at us. Downturn,fit from a lot moren also get a cash in an upturn. Matt a halfhour away from the start of European Equity index trading. First, u. S. Treasury yields continue to rise. This is up 1. 59 . Over three days, it is rising. Today we see from yesterdays close, a couple basis points