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Japanese automakers raise US investments in 2013

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Japanese automakers raise US investments in 2013

According to the Japan Automobile Manufacturers Association, the country’s automakers have raised their investment spending in the United States – mostly on the plants – by at least $5 billion last year, their biggest annual increase to date.

The Japanese automakers first took by storm the US in the 1980s, when they began setting up their first local operations and manufacturing facilities – and last year their total investment was the biggest on record. The tally for manufacturing investment in factories, vehicles and engines stood at $40.6 billion in 2013, a $5.2 billion jump from 2012.

“Direct employment through manufacturing and R&D increased for the third year in a row, proving the Japanese auto industry’s value to America and its many hard workers,” said JAMA USA general director Ron Bookbinder.

The Japanese automakers Honda, Toyota, Nissan, Subaru – a subsidiary of Fuji Heavy Industries, Mitsubishi and Isuzu have a total of 26 plants, 36 research facilities and distributors and employ almost 83,000 people in the US. Of them, 59,494 are workers in the factories operated by the Japanese, while JAMA said that another 319,568 employees work for the automakers 6,312 dealerships.

Honda was the first to open a factory in the United States and today no less than 70% of all cars sold in the United States by the Japanese brands are made in North America.

Via Reuters

by Aurel Niculescu (my Google+) - Tuesday, July 1st, 2014 - filed under Industry, News. Image credit: .
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