Cars and pursuing happiness

07/15/2013
It used to be said the world's supplies of crude would be strained and oil prices would soar if every adult in China were to acquire a simple moped vehicle. Now it is reported by IHS Automotive, part of IHS Inc., China alone produced 18.2 million cars and light-duty trucks last year, almost as many as the US and Japan combined. World production of cars hit a record 66.7 million in 2012, up from 62.6 million in 2011. This year it may climb to 68.13 million, said analysts with Worldwatch Institute, an organization dealing with environmental concerns. Include light-duty trucks, and the counts rise to 81.5 million last year and 83.3 million in 2013. China, the US, Japan, and Germany produced ...
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