New investments by international vehicle makers have enabled the U.S. automotive industry to regain its position as the largest automotive industry in the world, according to a study released today by the Association of International Automobile Manufacturers (AIAM).

Advantages in location, resource availability as well as the overall efficiency of the American economy were the principal reasons for these investment decisions, according to the study.

Including international vehicle companies manufacturing cars and trucks in the United States, the study found U.S. motor vehicle production in 1999 was 30 percent higher than Japan, the world's next largest producer.

Combined, US vehicle makers produced 13 million vehicles in 1999 - 48 percent more than in 1991.

Production by all U.S. vehicle makers in 1999 shattered a record that had stood for 21 years.

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