Toyota is taking over the US automobile market by making better quality cars for less expensive prices. The Cars are also more reasonable and more energy efficient. For example look at the GM Hummer which is getting ripped apart by critics then compare it to the Toyota prius which is, if not the best one of the best hybrid vehicles on the market. Toyota is also making a huge push for factories and facilities for manufacturing to be in the US. Originally a foreign manufacturer, Toyota is giving US Based companies such as Ford, Daimler Chrysler, and GM a run for there money as US manufacturers. By Toyota building their newest plant in Mississippi they are now making lives easier for the consumer. Will this cause the price of Toyota's to decrease? What would the new low price of a solid car do to the demand curve? Will people begin to buy the more cost and energy efficient vehicles? What will that do to other U.S. manufacturers? What will that do to the automotive economy? You can already see the growth of this car and the Toyota industry by looking at there presence in February’s Daytona 500. NASCAR has been running Chevy and Fords cars forever and just this season Toyota has a race car on the circuit that didn't do half bad at Daytona for the first time ever racing. Look out Ford and GM, Toyota gets the award for best new artist.
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