In today's edition, industrials editor/analyst Brendan Byrnes discusses Toyota and recent comments from its top U.S. sales executive that it will likely move the production of more models to North America. This move makes sense, as the yen hovers around 78 yen/dollar, much stronger than the 100 yen/dollar that we saw just a few years ago. The strength of the yen erodes profits on vehicles that are made in Japan and sold elsewhere, so this move toward more production in North America should help Toyota become even more profitable. Still, Toyota has been lagging other Japanese automakers in shifting production away from their homeland. Check out the video below for more on Toyota and its march toward becoming the world's best-selling automaker in 2012.
Toyota looks like an interesting play in the auto space, but if you'd prefer looking into a can't-miss stock outside the cyclical manufacturing sector, then you need to check out our new free report "The Motley Fool's Top Stock for 2012." In it, our chief investment officer identifies his favorite company for the year. To access the report before the rest of the market catches on, click here -- it's absolutely free.
