Contribution of U.S.-Based Japanese Automakers
to the U.S. Economy

Japanese automakers in the United States are employing a significant number of U.S. workers, and are substantially contributing to the export of U.S. automobiles. After the conclusion of the Japan-United States Autos and Auto Parts Consultations in June 1995, Japanese automobile manufacturers in the United States, Toyota and Nissan, announced plans to construct new factories in the United States. This investment would further create many new jobs and should contribute greatly to the U.S. economy. In addition, exports of automobile produced by Japan's U.S.-based automakers contribute to the U.S. exports. Their exports exceed the total number of cars exported by the Big Three to abroad except the units to Canada.

1. Japanese automakers in the U.S. hire more than 52,000 Americans. Another 297,000 Americans are employed by 6,600 car dealerships that sell Japanese cars.

Number of people employed by foreign-affiliated automakers in the U.S. in 1992

Projects Pursued Recently by Japanese Automobile Manufacturers Based in the United States, Including Construction of New Factories These projects are included in global plans announced by Japanese automobile manufacturers when the Japan-United States Autos and Auto Parts Consultations were successfully concluded in June 1995:

• Toyota: On 30 November 1995, Toyota announced a plan to invest about US$700 million in construction of a new factory in Princeton, Indiana, to manufacture about 100,000 small pickup trucks per year, starting in the autumn of 1998. This is expected to create about 1,300 jobs.
• Nissan: On 20 December 1995, Nissan announced a plan to invest about 5 billion to construct an assembly plant in Decherd, Tennessee, for the assembly of automatic transmissions. It is anticipated that this will create about 400 jobs.

2. Japanese automakers in the U.S. export more automobiles than the Big 3 do. (The former export 191,292 cars, the latter 100,288 cars.)

U.S.-made Auto Parts Imported to Japan