March 11, 2005

“New American” automakers inject billions into economy

Washington, D.C. – So-called “new American automakers” – international companies that manufacture cars and trucks in the United States – have invested nearly US$27 billion in new factories and have created more than 55,000 new jobs in the past two decades, according to a study released by the Association of International Automobile Manufacturers.

The companies include BMW, Honda, Hyundai, Kia, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, Subaru, Suzuki, Toyota and Volkswagen.

In addition, the study found that these companies will invest an additional US$4 billion in new factories and hire over 9,000 employees over the next three years. Overall, the companies are responsible for more than 93,000 direct manufacturing and non-manufacturing jobs, as well as hundreds of thousands in additional related jobs in dealerships, suppliers and other industry services.

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