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Trucks, Texas, and Toyota
Motley Fool
Monday April 19, 1:30 pm ET
By Rich Smith
In 1985, my father decided to replace our baby blue, 1969 General Motors pickup ("Babe"). We wanted something a little less rusty, something with a real muffler on it rather than the sawed-off coffee can that Babe sported. A decade-long fan of Datsun -- now Nissan -- cars, Dad was looking at Nissan and Toyota pickups. But I dissuaded him: "Dad, buying a Japanese truck is like buying an Italian tractor -- it just isn't right. Only Americans can make real trucks."
Jingoistic argument or no, I ultimately won out and we got ourselves a Ford Ranger.
Fast-forward two decades and that argument no longer holds water. Half the Japanese car companies are partly owned by U.S. and European automakers, and it's anyone's guess how much of any given "American" truck was actually produced in the U.S. of A. Drive around the nation's capital, for example, and you can see the results of the globalization of the auto industry. It seems half the trucks on the road are sporty little Toyota Tacomas.
According to yesterday's Washington Post, the domestic/import truck battle, which is already fast being lost to Japan by GM, Ford and DaimlerChrysler's Dodge on the East Coast, is now heating up down in the heart of American truck country. In Texas, where barely 3.5% of registered trucks are foreign brands, that percentage is predicted to rise by half in 2004. Toyota's market share is only going to increase when it completes construction of its new San Antonio factory in 2006, where it plans to produce 150,000 Tundra pickups annually.
Texans already buy about 15% of all full-size pickups in the U.S. Given a choice between buying a Chevy truck from Detroit and a Toyota truck from San Antonio, Texan buyers are going to be hard-pressed to decide where their loyalties lie.
Full Article Here
Motley Fool
Monday April 19, 1:30 pm ET
By Rich Smith
In 1985, my father decided to replace our baby blue, 1969 General Motors pickup ("Babe"). We wanted something a little less rusty, something with a real muffler on it rather than the sawed-off coffee can that Babe sported. A decade-long fan of Datsun -- now Nissan -- cars, Dad was looking at Nissan and Toyota pickups. But I dissuaded him: "Dad, buying a Japanese truck is like buying an Italian tractor -- it just isn't right. Only Americans can make real trucks."
Jingoistic argument or no, I ultimately won out and we got ourselves a Ford Ranger.
Fast-forward two decades and that argument no longer holds water. Half the Japanese car companies are partly owned by U.S. and European automakers, and it's anyone's guess how much of any given "American" truck was actually produced in the U.S. of A. Drive around the nation's capital, for example, and you can see the results of the globalization of the auto industry. It seems half the trucks on the road are sporty little Toyota Tacomas.
According to yesterday's Washington Post, the domestic/import truck battle, which is already fast being lost to Japan by GM, Ford and DaimlerChrysler's Dodge on the East Coast, is now heating up down in the heart of American truck country. In Texas, where barely 3.5% of registered trucks are foreign brands, that percentage is predicted to rise by half in 2004. Toyota's market share is only going to increase when it completes construction of its new San Antonio factory in 2006, where it plans to produce 150,000 Tundra pickups annually.
Texans already buy about 15% of all full-size pickups in the U.S. Given a choice between buying a Chevy truck from Detroit and a Toyota truck from San Antonio, Texan buyers are going to be hard-pressed to decide where their loyalties lie.
Full Article Here
