The Japan Automobile Manufacturers Association (JAMA) today released a report spotlighting positive economic contributions Japanese-brand auto manufacturers have made in the United States. In 2012, JAMA companies produced 3.3 million vehicles in the U.S., amounting to approximately 32 percent of total U.S. automobile production.
“Japanese-Brand Vehicles in America: Freer Trade, Greater Growth, More Jobs” not only focuses on the substantive economic contributions to the U.S., but also notes the significant, positive economic impact Japan would have on the U.S. as a member of the Trans-Pacific Partnership (TPP) agreement.
“We’ve seen record highs in several areas from vehicles exported from the U.S. to parts purchased in the U.S. and provided $85 billion in personal income for Americans in 2012 alone through the direct, indirect and spinoff jobs we have generated,” said Ron Bookbinder, Director of JAMA USA.
The report notes that JAMA members have invested more than $35 billion in the U.S. since the early 1980s to become an integral part of the U.S. domestic automobile industry.
