Not so foreign cars
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Manufacturing News, Source : The Manufacturer US
Published : 15 Mar 2005 16:02
Sales of vehicles manufactured in the United States by internationally owned automakers have quadrupled over the past 20 years.
We used to think of them as foreign cars, but today, 26 percent of all passenger cars and light-duty trucks produced in the United States are made here by international automakers like BMW, Toyota and Honda.
According to a new study by the Association of International Automobile Manufacturers (AIAM), these “new American automakers” make up the fastest-growing sector of the US motor vehicle industry. The study reveals that over the last 20 years, international automakers invested nearly $27 billion in new factories and created more than 55,000 new, high-paying jobs, contributing almost all of the growth in the US motor vehicle industry over the past decade.
Furthermore, the study found that these manufacturers intend to invest nearly $4 billion more in new factories over the next three years and hire over 9,000 Americans to staff them – but not in the traditional heartland of US motor manufacturing. The new centre of the auto industry is in the South, with Toyota, Honda, Mercedes-Benz and Hyundai all expanding or building new facilities in Alabama.
“The new American automakers are the fuel injectors under the hood of the US automotive industry,” said Tim MacCarthy, President and CEO of AIAM. “Not only are we leading investment in new American manufacturing, but through our development of advanced alternative power train vehicles, we have become the leaders and innovators in safety, energy conservation, environmental quality, and engineering.”
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