Jun 9: Car bailout no guarantee of survival

Pt 1: Dave Cote, chairman and chief executive of Honeywell, the aerospace-to-solar power industrial group, discusses the US car bailout, aeropsace inventory destocking and private equity. He says the US government bailout may not make the car industry more competitive, predicts that destocking in aerospace sector will end by end of 2009, and, as a senior KKR adviser, asserts that private equity firms won't go away - they make companies work better. Interviewer: Richard Milne. Producer: Josh Noble. Camera: Gregory Bobillot