International Auto Makers Applaud UM Auto Transportation Study
30 March 1998
The Association of International Automobile Manufacturers Applaud Breakthrough Economic Study by The University of Michigan's Office for the Study of Automotive Transportation
Key Study Finding: U.S.-Based International Automakers Generate
Nearly 1.3 Million American Jobs!
WASHINGTON, March 30 -- The Association of International
Automobile Manufacturers, Inc. (AIAM) is heralding a landmark economic study
conducted by the University of Michigan's (U-M) Office for the Study of
Automotive Transportation (OSAT). The study -- "The Contribution of the
International Auto Sector to the U.S. Economy" -- documents the positive
growing impact that international automobile manufacturers have on the U.S.
economy. The results of the study were announced today in Detroit by leading
automotive industry expert, Dr. David Cole, a U-M scholar and OSAT study
co-author.
Philip A. Hutchinson, Jr., AIAM President, observed: "The OSAT study is
the first comprehensive documentation of the total impact international
automakers have had on the U.S. economy. The fact that international
automakers in the U.S. have generated nearly 1.3 million jobs and provide
almost $50 billion annually in wages, salaries and benefits to American
workers is impressive. We are delighted that international automakers'
economic contributions to the U.S. economy have been recognized and documented
by the University of Michigan's Office for the Study of Automotive
Transportation, a highly respected institution with special expertise in the
auto area."
In addition to creating nearly 1.3 million new jobs, the OSAT study found
that in the auto-manufacturing sector alone every U.S. international automaker
job generates another 5.5 jobs. "The OSAT study statistics bear out
international automakers' commitment to growing the U.S. auto industry and
economy," says Yale Gieszl, AIAM Chairman. "Along with encouraging economic
growth, international automakers are involved in the American communities
where their operations are based through their charitable foundations and
education/training programs," he said.
"With the construction of new plants and the expansion of existing
operations, U.S.-based international automakers are now the fastest growing
segment of the motor vehicle industry, according to the OSAT study," states
Hutchinson. "U.S.-based production of international automobiles has
dramatically impacted our economic growth and has made America the number one
auto-producing nation in the world," he said.
AIAM is the trade association representing the U.S. subsidiaries of
international automobile companies doing business in the United States.
Member companies distribute passenger cars, light trucks, and multipurpose
passenger vehicles in the U.S. Nearly two-thirds of these vehicles are
manufactured in the ten New American Plants established by AIAM companies in
the past decade.
International automakers support American jobs in manufacturing, supplier
industries, ports, distribution centers, headquarters, R & D centers and
automobile dealerships. AIAM also represents manufacturers of tires and other
original equipment with production facilities in the U.S. and abroad.
SOURCE Association of International Automoblie Manufacturers, Inc.
