June 7, 2007
International automakers outline growing American presence
Arlington, Virginia – The Association of International Automobile Manufacturers (AIAM) has announced that U.S. investment by its members rose to US$35.5 billion in 2006. The AIAM also noted that its members, which include Honda, Hyundai, Nissan, Subaru and Toyota, currently employ 92,500 Americans and support an annual payroll of US$6.3 billion.
Last year, AIAM members built 3.4 million cars and trucks in the U.S., accounting for 31 per cent of all U.S. production, and purchased US$52.8 billion in parts and materials.
“Our data shows that the U.S. auto industry is strong,” says Michael Stanton, president and CEO of AIAM. “The companies of AIAM continue to invest in America, building new factories and creating well-paying manufacturing jobs.”
The AIAM says that its member share in the U.S. now stands at 37.7 per cent, and is supported by 24 production facilities and more than 7,400 dealers; 54 per cent of all automobiles and trucks AIAM members sell in the U.S. are built in that country, and 74 per cent of all vehicles sold in the U.S. by its members are built in North America.
The AIAM is a trade association representing 14 international motor vehicle manufacturers, who account for nearly 40 per cent of all passenger cars and light trucks sold annually in the U.S.