By Bertel Schmitt
May 28, 2013
The fact that GM creates 6,000 jobs in China and will invest $11 billion in China until 2016 (and $16 billion in America) gets all the headlines. What falls under the table is the fact that someone else invests $76 billion each year straight into more than a million Americans. It’s the Japanese auto industry.
Jobs From Japanese Transplants | |
Manufacturing | 57,939 |
R&D | 4,196 |
Distributors | 18,899 |
Spin-off production | 325,000 |
Dealerships | 327,477 |
Spin-off dealer | 339,000 |
TOTAL | 1,072,511 |
Annual compensation | $76,000,000,000 |
Source: JAMA |
Japanese-branded automobile plants account for nearly 40 percent of all U.S. automobile production. What’s more, Japanese automakers are a major driver of exports – from America to the world. Honda estimates it will become a “net exporter” of automobiles from North America by 2014. Toyota expects to export more vehicles from North American plants than the Detroit 3 automakers, and foresees a future where all Toyota cars sold in U.S .may eventually be built here.
Original Source: The Truth About Cars
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