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Automotive Industry

Source: www.edpa.org
Topic: Automotive Industry

Sort Desciption: automotive industry has invested over $7 billion and created more than 35000 new jobs ... Growth in the automotive industry is only one example of Alabama's ...

Content Inside: An Alabama Industry Profile Economic Development Partnership of Alabama www.edpa.org Automotive Industry Alabama is the home to Mercedes-Benz, Honda and Hyundai assembly plants. Other automakers have chosen Alabama to build their engines, including International Diesel, which produces advanced technology diesel engines here. When Toyota built its first V-8 engine facility outside of Japan in 2003, it selected Alabama. Over the last 10 years, the automotive industry has invested over $7 billion and created more than 35,000 new jobs in Alabama. Summary In 1998, the first full year of production, Mercedes produced 68,800 units in Alabama. In 2005, automakers made 479,465 cars and light trucks in Alabama. Motor vehicles were Alabamaâ€™s top export in 2004 at over $2.1 billion â€“ equivalent to more than 23 percent of the stateâ€™s total exports. Alabamaâ€™s automotive industry represents ten percent of the stateâ€™s manufacturing gross state product. Prior to 1997 when the first M-Class rolled off Mercedesâ€™ production line, Alabama produced no passenger vehicles. In 2004, Alabama built its 1,000,000 th automobile. There are more than 90 automotive suppliers in Alabama that serve either Honda, Hyundai or Mercedes. Alabama ranks 7 th in U.S. light-truck production (minivans-pickups-SUVs). Source: Alabama Development Office Intâ€™l. Trade Div., 2005 Automotive News Data Center, 2005 Economic Development Partnership of Alabama, 2005 U.S. Dept. of Commerce, Bureau of Economic Analysis, 2005 Employment The auto industry in Alabama accounted for 44,834 direct jobs and 79,356 indirect jobs in 2005 with a total payroll of $4.8 billion. Average Weekly Wage: 2004 Alabama Motor Vehicle Mfg.: $1,318 All Alabama Mfg Industries: $761 All Alabama Industries: $643 Source: Alabama Automotive Manufacturers Assn., 2006 U.S. Department of Labor, Bureau of Labor Statistics, 2005 Trends In 1997, the first year of automotive manufacturing in Alabama, 1,800 perso ...

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