Cramer's 'Mad Money' Recap: Put Money Down on Toyota

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The top member of the "Mad Money" foreign legion is Toyota Motor (TM Quote), Jim Cramer told viewers of his TV show Thursday.

In fact, Cramer likes it so much he owns it for his charitable trust, Action Alerts PLUS, he said.

Today, Ford (F Quote) announced $12.7 billion worth of losses for 2006 from trying to sell cars, he said.

Both it and General Motors (GM Quote) are "suffering" and can't seem to stop losing money.

Ford and General Motors "can only slash production to stop losing money," Cramer said, adding that even when these companies have been profitable, it hasn't been from their car sales.

However, what's bad for General Motors is good for Toyota, which in turn is good for the U.S., because Toyota provides a lot of job opportunities for Americans, Cramer went on to say.

"Toyota doesn't just make cars -- it makes mad money" and is on its way to becoming the biggest auto producer, he said. Even though the auto business is as cyclical as you can get, Toyota is more of a secular story, which means it doesn't depend on how the economy is doing, Cramer said.

Nonetheless, he urged viewers to do their homework, which in this case should tell you to buy the stock.

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