The Rules of the Auto Industry Get Rewritten
The following video is part of our "Motley Fool Conversations" series, in which, Austin Smith, consumer goods editor and analyst, and Brendan Byrnes, industrials editor and analyst, discuss topics across the investing world.
In today's edition, they discuss how Toyota has now decided to export some Camrys made in Kentucky halfway around the world to South Korea as a result of the strength of the yen, which cuts into the Japanese automaker's profits significantly when the company produces a vehicle in Japan and sells it elsewhere. This is a potential game-changing decision.
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At the time this article was published Brendan Byrnes ownes shares of Ford. Austin Smith owns no shares of the companies mentioned here. The Motley Fool owns shares of Ford.Motley Fool newsletter serviceshave recommended buying shares of Ford and General Motors. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.