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TOYOTAS OBJECTIVES IN GLOBAL AUTOMOTIVE INDUSTRY ECONOMIC CONTRIBUTIONS The automobile industry is Americas largest manufacturing industry with total auto industry and related employment numbering 133 million a new Center for Automotive Research study shows The majority of those jobs are in supplier and related industries About 66 million jobs are connected to automotive manufacturing and new vehicle sales This generates more than 240 billion in annual private sector compensation Automakers Drive US Economy on Many Different Levels New Study Show 2003 The following is the findings of the study Contribution of The Automotive Industry to the US Economy The auto industry is responsible for more than 100000 jobs in each of several industries including dealerships fabricated metals auto parts auto repair and maintenance road construction tire dealerships fueling stations and car washes The auto industry is responsible for more than 50000 jobs in each of several other related industries including plastics and rubber trucking computers and electronics petroleum and machinery and equipment The auto industry is responsible for more than 25000 jobs in each of several more related industries including advertising textiles aluminum and recycling The auto industry also provides thousands more jobs each in the rail industry the steel industry the painting and coating industry the glass industry the copper and brass industry and the iron industry The automobile industry provides among the highest levels of wages and benefits in the private sector averaging 69500 in 2001 The auto industry boasts a value added of 292000 per worker 143 percent higher than the overall value-added ratio for US manufacturing 120000 The automobile industry invests more in research and development than any other industry -- 184 billion in 2000 The automobile industry directly employs 13 million Americans in all 50 states 22 million US workers are employed indirectly by auto industry suppliers and other industry-related companies Expenditures of auto industry employees create an additional 35 million jobs nationwide Toyota aims to
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