The dollar has gotten cheaper. Hotel bills in Europe are impossible. But what does it mean for the auto industry? Say Toyota assembles a Lexus in Japan for sale in the U.S. It's built in yen. Workers are paid in yen, suppliers are paid in yen, the profit is in yen. This Lexus costs ¥4.8 million to build, including the profit. Now it's time to ship it to America and the yen is valued at 120 to the dollar. So dividing ¥4.8 million by 120, Lexus of America forks over $40,000 for the car, ...
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