New Data Showcases Global Automakers U.S. Economic Impact
WASHINGTON, DC, JULY 31, 2013 /PRNewswire/ — Data released today by the Association of Global Automakers (Global Automakers) demonstrates that their members’ presence in the U.S. continues to grow.
“With $46 billion invested into U.S. operations, our members are an integral part of the U.S. automobile industry,” said Michael J. Stanton, president and CEO of Global Automakers. “They are providing jobs for Americans and an essential part of the country’s manufacturing base.”
Global Automakers’ members directly employed more than 90,000 Americans, and created hundreds of thousands of additional jobs through their dealers and suppliers last year. The survey shows that the percentage of vehicles sold in the U.S. that were manufactured in America rose from 50 percent in 2011 to 62 percent in 2012.
The complete results of its members’ economic impact can be viewed at Global Automakers’ website at: www.globalautomakers.org/economic-impact. Highlights of the 2012 data include:
- $46 billion invested into U.S. operations
- 25 manufacturing plants built vehicles, engines, transmissions, and other parts and components
- 62 percent of the vehicles sold in the U.S. were manufactured in the U.S.
- $65 billion in parts and materials were purchased from U.S. suppliers
- 90,000 Americans were directly employed with a total payroll of $6.2 billion
- 350,000 automobiles were exported from the U.S. to 40 different countries around the world
The website also includes a state-by-state breakdown of local investment found at www.globalautomakers.org/state-impact.
“For more than 30 years, our members have increased their investment in their U.S. operations and helped grow the American auto industry,” said Stanton. “From research and development to manufacturing, sales and finance, our members have put down deep roots in America and contribute significantly to local economies across the country.”
The Association of Global Automakers represents international motor vehicle manufacturers, original equipment suppliers, and other automotive-related trade associations. We work with industry leaders, legislators, and regulators to create the kind of public policy that improves vehicle safety, encourages technological innovation, and protects our planet. Our goal is to foster a competitive environment in which more vehicles are designed and built to enhance Americans’ quality of life. For more information, visit www.globalautomakers.org.
* Vehicles are manufactured in the United States using domestic and globally sourced parts.
Source: 2012 Economic Impact Survey of Global Automakers’ members, Automotive News, R.L. Polk, and Wards Auto.
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