By Bertel Schmitt
May 28, 2013

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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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