All in all, these are strong results.

We have some good expectations for Nissan for the coming year based on a richer U.S. product cycle.

This is probably the right way to go for them, but it's a riskier proposition than Lexus was for Toyota.

Toyota is looking to do with hybrids what Volvo did with safety, trying to get people to pay more for hybrids. It is very similar to the debate a couple years back, whether you want to have air bags or not. American automakers were fighting it tooth and nail. Volvo got people to pay for it.

Things are basically good for Toyota.

Cutting out Okazaki says we are not in the registered car market.