Tom,
Having work for Yale for many years I am well aware of where the components they purchase to assemble their trucks originate. Mazda engines, Sumitomo transmissions and many other manufacturers from overseas that they use to assemble their products.
Notice I used the term "assemble" a few times. Toyota is a true manufacturer that builds it's own mast, engine, transmission, frame and steer axel.
By the way who has the largest lift truck plant in the US? The answer is Toyota, almost a million square feet in the heart of the US. Employing almost 1,000 people at this plant alone. This is one of 4 plants in North America for Toyota/Raymond.
Another note TM is the stock symbol for Toyota and NC is the symbol for NACCO. They are both traded on the NYSE. So the profits go to the stockholders! Guess who the 2nd larest shareholder is? Fidelity Mutal Funds! Over $1 Billion is shares! Does anyone have their 401Ks invested with Fidelity?
Please excuse the rant. But Tom reminds me of the old Clark salesman from the late 1970's that said "I'd steer clear of any **** Crap".
By the way Clark ha dthe world by the shorts hairs then with over 30% markets share and today have about 4%.
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