The government needs to sit down with the boys from the auto industry and give them this one and only government directive: Get out of the passenger car manufacturing business by 2030. The future of consumer-owned private vehicle ownership is over. Japan needs to devote all of its resources to the manufacturing of mass transportation vehicles and infrastructure. As the price of oil soars past the $1,000 per barrel level, no one but the billionaire could afford to drive a private passenger vehicle. When we will see $1,000 per barrel? Within the next 10 years. The Toyoda family should begin preparing for the future.
I read in the Nikkei that the grandson of the founder has recently been posted to oversee international operations. Let's hope he has the wisdom and foresight to see the future for what it is: bleak, especially for the manufacturing of private passener vehicles.
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