New Data Showcases Global Automakers U.S. Economic Impact
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Posted by Heidi Schwartz
Data released by the Association of Global Automakers (Global Automakers) demonstrates that their members’ presence in the U.S. continues to grow. Specifically, 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.
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. These 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.”
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 Association of Global Automakers represents international motor vehicle manufacturers, original equipment suppliers, and other automotive-related trade associations. The complete results of the survey can be viewed at Global Automakers’ website.
* 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.