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BBCNEWS World Business Report February 9, 2022 05:30:00

This is bbc news with the latest business headlines for viewers in the uk and around the world. a bumpy ride ahead for the world s best selling carmaker, as toyota posts a 21% drop in 3rd quarter operating profit. will peloton soon be up for sale and who is interested in buying it? we assess the runners and riders as its boss steps down and it slashes thousands ofjobs. inflation remains a huge concern among many americans, but those soaring prices are spurring people to buy less and share more. and the business of the oscars the nominations for this year s statuetes are in. we find out how the movie business has changed thanks to covid 19. ....

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BBCNEWS World Business Report February 9, 2022 05:34:00

Best selling carmaker. world s best selling carmaker. world s best best selling carmaker. world s best carmaker. thank you. shares in peloton closed 25% higher on wall street, despite news co founderjohn foley is stepping down from the fitness firm. in a huge shake up, the brand that cashed in during the pandemic hasjust announced plans to cut nearly 3000 jobs globally. peloton sells exercise equipment and pairs it with streaming and live workout classes, and sales of its bikes and treadmills soared during the pandemic but since lockdown restrictions have eased in many countries and gyms have reopened, sales have plummeted. now buyers are circling, with the likes of apple amazon and nike said to be interested. let s discuss this with daniel ives, managing director, equity research, wedbush securities in new york. good morning, but it is ....

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BBCNEWS World Business Report February 9, 2022 05:31:15

Transcripts for BBCNEWS World Business Report 20220209 05:31:15
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BBCNEWS World Business Report February 9, 2022 05:32:00

Joining me now is or asia nusiness correspondent mariko oi. we now have the numbers, talk us through them. ﬁgs we now have the numbers, talk us through them. us through them. as you said, some of the us through them. as you said, some of the numbers - us through them. as you said, some of the numbers came i us through them. as you said, some of the numbers came in| some of the numbers came in slightly better than what analysts had been expecting but still, the global chip shortage we kept talking about and its impact on the car sector, it is really starting to impact toyota as well because if you remember, the japanese carmaker was relatively well prepared, especially at the beginning of last year when its rivals were facing the cheap shortages because toyota faced a very similar problem back in 2011, just after the tsunami. it reviewed its supply chain and started stockpiling but as the pandemic has dragged on, the stocks are now running low and as you said, in the most recent qu ....

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BBCNEWS World Business Report February 9, 2022 05:33:00

Slipping byjust over 20%. as you said, having to slash that global production target to 8.5 million, it had to cut the target last year as well because of exactly the same reason, the chip shortage, the really starting to affect the performance of toyota as well. it is dealing with a pandemic and the chip shortage but what other challenges are facing toyota currently? is toyota currently? is interesting - toyota currently? is interesting that toyota has been announcing is electric vehicle strategies lately because the company has long focused on hybrids instead of ev, and they are still very popular in some of the emerging markets but as we know, electric cars have been gaining popularity and are being promoted in some of its biggest markets like china, the us and now europe. toyota is having to play catch up in the ev market, especially as it tries to retain the title as the worlds best selling carmaker. == ....

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