Toyota is one of best run company manufacturing and auto industry. Their long term investment in quality, customer satisfaction, operation excellence in manufacturing and add fuel efficiency technology is paying off big time. Have had it on long position list since June 2006.
TM is higly valued in the industry with P/E at 15 and P/S 0.98, with 9.5% operating margin and 13% annual growth still goog buy. Their market share gain is accelerating and will boos profits, giving more strenght to compete.
You can buy GM,F if you want cheap market share loosing companies, for those you need to hope for one time gain on M&A activity.