Category: News & Insights

Forbes: Roger Penske Bets Big On ‘Closed Market’ Japan

Japan turns out to be a haven for imports, due to a zero percent import duty on cars, and due to the fact that up to 5,000 units per make, model and year can be brought in with the barest of paperwork.

Al.com: Japanese automakers’ jobs growing in the U.S., including Alabama

Ron Bookbinder, general director of JAMA USA, said the job growth is fueled by several factors. “I think it reflects the rebounding U.S. economy.” he said. “We’ve also seen low gas prices and low interest rates, along with the high quality of the vehicles we build in the U.S.

The Hill: Japanese automakers are leading US economy forward

In recent years, the continued growth and significance of Japanese automakers has shown they are not just a vital part of the development of the “new” U.S. automobile industry, but they have also become key contributors to the United States’ overall economic recovery.

Automotive News: Japan brands’ impact on U.S. economy expands, study says

The total pool of employment tied to Japanese brands expanded 12 percent to an estimated 1.5 million workers. Their combined take-home pay surged 20 percent to $75.5 billion.

AL.com: Japanese automakers, including Alabama plants, increase U.S. output, purchases

Japanese automakers’ U.S. operations reached record highs last year, as production and exports climbed, along with other benchmarks….74 percent of Japanese-brand vehicles sold in the U.S. are built in North America, up from 71 percent in 2013.