For carmakers in the U.S., the price of honesty is high. He separately congratulated Toyota Motor Corp. on its recent (re)advertisement of 2017 plans to raise investment in the U.S. While the U.S. produced around 11 million light vehicles last year, 17.3 million were sold. Fiat Chrysler Automobiles NV, for instance, last month announced grand plans to invest $4.5 billion in five plants, adding thousands of jobs. The natural capitalist process of creative destruction means jobs will be lost in some areas while others will be spawned.

Source: Washington Post March 18, 2019 10:30 UTC