Sad, but true:
Few sports cars have captured the nation’s imagination like the sleek Ford Mustang, a 21st-century reincarnation of an American classic. The Toyota Sienna minivan, by contrast, speaks to the utilitarian aesthetics of Japan: refined interiors, arm rests and lots and lots of cup holders.
Yet, by a crucial measure, the Sienna is far more American than the Mustang. Statistics from the National Highway Traffic Safety Administration that were publicized in “Auto Industry Update: 2006,” a presentation by Farmington Hills, Mich., research company CSM Worldwide, show only 65% of the content of a Ford Mustang comes from the U.S. or Canada. Ford Motor Co. buys the rest of the Mustang’s parts abroad. By contrast, the Sienna, sold by Japan’s Toyota Motor Corp., is assembled in Indiana with 90% local components.
I think I smell a potential new Toyota ad slogan here: Toyota. More American than Ford.
OK, so it’s not all that catchy.


















Heh. Makes me feel better, a bit, for owning a Sienna.
That said, there’s a huge number of foreign automakers who have plants (manufacturing and/or assembly) plants in the US. And lots of US automakers who farm out their manufacturing and/or assembly to foreign plants.
Of course, the profits from Toyota flow to Japan, not the US. But as far as that goes, lots of US institutional funds have investments in those companies, too, if they’re making money and performing well. So that money flows back to us ...
It’s a global economy, man.