Detroit 3 Release Industry Report

By Staff Writer August 31, 2020 683

American automakers FCA US LLC, Ford Motor Company and General Motors issued a new report, the American Automakers 2020 State of the U.S. Automotive Industry, illustrating how vital these three American companies are to the U.S. economy, by driving growth in both manufacturing and job creation.

As policymakers consider additional measures to support the U.S. economic recovery from the impact of the COVID-19 pandemic, the data in this report shows why American Automakers are critical to this effort.

“American Automakers FCA US, Ford, and General Motors are pivotal in driving growth in the U.S. manufacturing sector and will be essential to the recovery of America’s economy in the months ahead,” said Governor Matt Blunt, president of AAPC, the trade association representing the three American automakers. “The 2020 State of the U.S. Automotive Industry report highlights the many crucial contributions American Automakers make to our nation’s economy. These unique contributions are especially important as policymakers consider steps to recover from the negative economic impact of the coronavirus on the U.S. economy.”

The Detroit 3 produced 5.8 million vehicles in 2018, representing 75 percent of their U.S. sales and exported nearly 1 million American-made vehicles last year, serving more than 100 foreign markets. The trio of automakers invested more than $34 billion in U.S. assembly, engine and transmission plants, R&D labs, headquarters, and other facilities (2013-2018). The Detroit 3 accounted for 238,000 U.S. workers at 260 assembly plants, manufacturing facilities, research labs, distribution centers, and other facilities, located in 31 states. They also spent approximately $20 billion in R&D in 2018.

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Last modified on Wednesday, 02 September 2020 13:28