Center for Automotive Research Study: Toyota Has Substantial Impact on U.S. Economy

Discussion in 'Toyota' started by xcel, Dec 31, 2016.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    Total U.S. Employment is 470,100 and Seventy Percent of Vehicles Sold Here are Built Here

    Hundreds of thousands of jobs and Billions of dollars in payroll. That is just part of the impact Toyota has on the U.S. economy. A new study released today by the Center for Automotive Research (CAR) estimates the employment and economic contribution of Toyota Motor North America’s operations and activities to the United States economy. CAR’s analysis found that Toyota has a total employment impact of 470,100 jobs, $32.3 billion in private non-farm payroll (0.35 percent of total U.S. private compensation) that results in $23.6 billion in net disposable income for individuals. Each Toyota job creates employment for 6.1 others at suppliers or manufacturing support companies.

    Contribution of Toyota Motor North America to the Economies of Nineteen States and the United States in 2015

    [​IMG]

    This study, commissioned by Toyota, estimates the employment and economic contribution of Toyota Motor North America’s operations and activities to the United States economy. The study provides a history of Toyota’s presence in the United States, details on the company’s manufacturing, R&D, and management footprint in the country, as well as detailed results on Toyota’s economic contribution to the U.S. economy in total, as well as the economies of 19 individual states. The economic contribution analysis is based on an advanced model of the U.S. economy, and provides results that include Toyota’s direct employment, resulting supplier and spin-off employment, contribution to payroll, and contribution to the country’s tax base.
     
    TheFordFamily and BillLin like this.

Share This Page