Toyota's Objectives in Global Automotive Industry

TOYOTA'S OBJECTIVES IN GLOBAL AUTOMOTIVE INDUSTRY

ECONOMIC CONTRIBUTIONS

The automobile industry is America's largest manufacturing industry with total auto industry and related employment numbering 13.3 million, a new Center for Automotive Research study shows. The majority of those jobs are in supplier and related industries. About 6.6 million jobs are connected to automotive manufacturing and new vehicle sales. This generates more than $240 billion in annual private sector compensation. (Automakers Drive U.S. Economy on Many Different Levels, New Study Show, 2003)

The following is the findings of the study "Contribution of The Automotive Industry to the U.S. Economy":

*The auto industry is responsible for more than 100,000 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 50,000 jobs in each of several other related industries, including plastics and rubber, trucking, computers and electronics, petroleum and machinery and equipment.

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*The auto industry is responsible for more than 25,000 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 $69,500 in 2001.

*The auto industry boasts a value added of $292,000 per worker, 143 percent higher than the overall value-added ratio for U.S. manufacturing ($120,000).

*The automobile industry invests more in research and development than any other industry -- $18.4 billion in 2000.

*The automobile industry directly employs 1.3 million Americans in all 50 states.

*2.2 million U.S. workers are employed indirectly by auto...