Sad that foreign pickups are now surpassing American made.
At least Toyota makes a lot of vehicles in the USA...though much of that wealth ends up being sent back to Tokyo....
They get pieces of green paper with pictures of dead presidents and we get vehicles.....................
The Tundra is made in Texas, the Ram is made in Mexico.
Most of that wealth stays here, the profit margins on cars is very small. And of course, if you are not making a profit, it doesn’t go anywhere.
Buy a Ram = All your money goes to Mexico. It doesn’t come back.
Buy a Tundra = Most of your money goes to Texas and employs Americans, a small percentage goes to Japan.
>>>At least Toyota makes a lot of vehicles in the USA...though much of that wealth ends up being sent back to Tokyo....
You could always buy Toyota stock and keep some of that wealth at home.
At least Toyota makes a lot of vehicles in the USA...though much of that wealth ends up being sent back to Tokyo....
Another unintended consequence of government/UAW regulations.
When foriegn cars started to be a real threat to the domestic automakers, congress/UAW pushed through limits on the number of cars that could be imported. So what did the foriegn car makers do? Started making bigger cars/trucks and luxuray so they made more per vehicle.
The emergence of brands like Lexus and Toyota going into the pickup truck business can all be tied back to the government limiting the number of cars that could be imported to "protect" domestic manufacturers.
Instead of protecting domestic manufacturers, it caused the foriegn companies to move in on Detroits bread-and-butter vehciles (larger luxury cars and trucks.)
Proof again that you can't regulate business.
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.
Toyota is traded on the New York Stock Exchange. If you think they’re making too much money, you could buy their stock and, then, you too could be making too much money.