Hybrid Wonderland - Japanese R&D spending still strong

Despite the slow down in auto sales, R&D spending by Japanese automakers is not slowing down. Hybrid cars, electric vehicles - even vehicles that drive themselves - are all part of the future product portfolios of Japanese automakers. These automakers aren't just thinking about next year, but the next decade and even the decade after that.

While I believe that in recent years US automakers have worked on developing a new business model, they didn't act fast enough to counter decades of maximized profits at the expense of the future. One way or another, those days are over. Check out the video below.