we want to talk about all of that and i'm pleased to jim lentz at this table. welcome. >> thank you. >> i want you to help us understand, where is the automobile industry today and we can figure out where toyota fits in that. but when you look at what we think offing a the auto industry, we understand how technology is delivering up driverless cars. and we know of the demands for energy efficiency. we know of the global differences. and the global markets that are producing larger and larger middle classes, all of that. >> well, it's interesting. i have been doing this for 34 years now. and the business used to be relatively easy. you try to forecast what is the market going to be, where is the economy, where are interest rates. how is consumer confidence. how big is the market, how many are going to be cars, how many are going to be trucks. but that really changed today because you still need to do all that but now you have to throw in fuel price. you have to decide what kind of engines should we be building. as you mentioned, not just internal gas engines, hy

. ♪ ♪ charlie: jim lentz is here. he is the ceo of toyota north america.o industry has undergone tremendous shifts in recent years. autonomous driving, artificial intelligence, sustainable fuel technologies, they are changing the role of cars in our everyday lives. toyota announced a new partnership with uber to collaborate on mobility services. i want to talk about all of that and i am pleased to have jim lentz at the table. i want you to help us understand, where is the automobile industry today? we can figure out where toyota fits in that. when we look at what we think of as the industry, we understand how technology is delivering up driverless cars. we know of the demands for energy efficiency. we know of the global differences and global markets. producing larger and larger middle classes, all of that. jim: is adjusting. -- it is interesting. i have been doing this for 34 years. the business used to be relatively easy. you would try to forecast, what is the market going to be? where's the economy, where are the interest rates, how is consumer confiden

jim lentz is here. his company is actually doing just the opposite that in the u.s. survey.nks for coming. you would not be the first or last to be drawn to the very business friendly environment of texas. but you are going full throttle. this is quite aggressive pics and sinning. explain what you're doing. >> most people see toyota in the u.s. as one company a finance company engineering or manufacturing holding company and all of these are headquartered in the parts of the u.s. for us to respond to the marketplace to make quicker decisions, i want to have all these affiliates in one location. as we get our search, the best location was right here in the suburbs right of dallas. neil: i don't know whether you talk about what your competitors do, before he took great homage to a donald trump is saying and chasing job the way here. we are actually extending jobs here and fear whether they trump presidency might look like when using good >> the reality is we will work with whatever administration we see. we obviously are free traders. we are fairly small does far in terms of e