AAPC Celebrates Manufacturing Day
American Automakers Continue Significant Investment in the U.S. Economy
WASHINGTON, D.C. – Tomorrow we celebrate Manufacturing Day and the extraordinary impact the automotive industry has on the manufacturing sector.
FCA US, Ford, and General Motors have made significant contributions to the revival of manufacturing here in America and have had a significant effect on U.S. economic growth, especially since the height of the Great Recession.
FCA US, Ford, and General Motors produce more of their vehicles, buy more of their parts, and conduct more of their research and development in the U.S. than their competitors. FCA, Ford and General Motors, together, invest more than $18 billion in research and development every year.
These three companies alone employ two out of three of America’s autoworkers and operate three out of ﬁve of America’s auto assembly plants. American automakers and their suppliers are the largest manufacturing sector in the country, responsible for 3 percent of GDP—no other manufacturing sector creates as many American jobs. These statistics highlight some of the many ways that the American automotive industry is helping to boost the U.S. economy.
In fact, according to the American Automotive Policy Council’s “2015 State of the U.S. Automotive Industry,” no other manufacturing sector creates as many American jobs, and no foreign automaker invests as much here as FCA US, Ford and General Motors. To match FCA US, Ford, and GM’s production rates last year, competitors would have had to assemble nearly two million more cars and trucks here at home—far outpacing the competition.
“Manufacturing Day is a day designed to inspire the next generation of manufacturers and to celebrate the accomplishments and successes of the manufacturing sector,” said Governor Matt Blunt, president of the American Automotive Policy Council. “We are pleased that the U.S. automotive industry and our member companies lead the manufacturing sector in jobs and investment here at home. We have made and will continue to make significant contributions to the revival of manufacturing here in America.”
The American Automotive Policy Council, Inc. (AAPC) is a Washington, D.C. association that represents the common public policy interests of its member companies FCA US, Ford Motor Company and General Motors Company.