August 9, 2016

EVEN MORE WILL BE MANUFACTURED HERE AS MACHINES REPLACE UNION JOBS:

US a Big Winner From Global Outsourcing (Maria Nenkova and Bryan Riley, 8/08/16, Daily Signal)

[I]t is important to recognize that international investment flows and job creation are closely related--and the United States is a big beneficiary of this process.

The U.S. automobile industry is a perfect example of that. Many foreign automobile brands actually produce vehicles here in America, and vice versa. The Toyota Camry and Honda Accord top the list of the 2016 American Made Index, which rates cars assembled in America based on what percentage of their parts are domestic.

As mentioned in the 2016 "International Automakers in America" report released by Global Automakers, which represents many of the international automakers that produce vehicles in the United States, "the growth of international automakers in the U.S. is an American success story."

International automakers have invested $73 billion in U.S.-based design, research, development, manufacturing, finance, and other operations. Their 36 manufacturing facilities operating in the United States produced nearly 5.4 million vehicles in 2015. It is also worth acknowledging the fact that 126,500 Americans were directly employed by these companies.

Domestic automobile brands, like the "Big Three," benefit from foreign investment too. For example, Chrysler, a Michigan-based company, is now known as Fiat Chrysler Automobiles, since Italy's Fiat became its main investor. The same argument is valid in the opposite direction. The popular Ford Fusion is assembled in Mexico, and the Chevrolet Impala is assembled in Canada.

Posted by at August 9, 2016 4:01 AM

  

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