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
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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