06/06_Auto Intro
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The Big Deal About Automobiles...
The automobile industry is one of the largest in the United States. New vehicle production, sales and other jobs related to the use of autos are responsible for one out of every 10 jobs—approximately 13.3 million—nationwide, according to a 2003 report, “Contribution of the Automotive Industry to the U.S. Economy,” prepared by the University of Michigan and the Center for Automotive Research. The report also found the U.S. automotive industry produces a higher level of output than any other single industry. When measured in constant 2000 dollars, automotive output increased by 73 percent from 1990 to 2003.
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