Automobility Sees Japan's Auto Market Less Predictable

The video discusses the challenges faced by traditional carmakers due to scandals and the shift towards new technologies like electric and autonomous vehicles. It highlights the resilience of companies like Volkswagen and Toyota, which have recovered from past issues. The video also examines the stability of the automotive industry and the impact of emerging technologies. Japanese automakers, known for their Kaizen practice, face challenges in adapting to discontinuous changes. Emerging markets like China, with less entrenched business practices and government mandates, are better positioned to adopt new technologies.

What does the term 'Kaizen' refer to in the context of the automotive industry?

In what ways might markets like China present challenges for traditional automotive companies?