False.
If you look at the price of a new vehicle, a large % of it is the expense involved in building a vehicle (labor + components + mfg overhead). Nearly all of which remains local to the country in which it is constructed.
Actual profit is a very small portion of a vehicle's sales price.
More importantly, what cut does the UAW get. Toyota looks better by the day, he said as he drove off in his American built Camry.