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Nov 5, 2016

PICKUP TRUCKS * USA: This business provides huge economic benefits

* Michigan - U.S. economy increasingly dependent on trucks — Big and Small

--- The Center for Automotive Research, an industry think tank in Ann Arbor, Mich., documented America’s truck-centric leanings in a research report this week... Nearly 2 out of every 3 vehicles manufactured last year in the U.S. by all automakers — regardless of whether they are headquartered in the U.S. or abroad — were classified as light trucks, according to CAR... More than 155,000 U.S. workers are employed making light trucks as well as engines and transmissions used by light trucks manufacturers, according to the report... The production of full-frame light trucks in the U.S. has a combined total direct employment of 84,200, CAR said. The research group estimates that every job in a U.S. factory producing body-on-frame trucks, related engines and transmissions supports another 14.9 jobs...  In total, U.S. body-on-frame light truck production produces $71.9 billion in private disposable income, CAR calculated... Truck building is a critical component of the economies of Indiana, Kentucky, Michigan, Mississippi, Missouri and Texas, the states where most of the vehicles are made... Moreover, light truck sales make up the underpinnings for much of the U.S. auto industry by generating corporate profits and funding research and development for all types of vehicles... 
 (Photo: Workers assemble Ram 1500 Rebel at Fiat Chrysler’s Warren, Mich., truck assembly plant)  --  Ann Harbor, MICH, USA - Trucks.com, by JERRY HIRSCH - NOVEMBER 3, 2016

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