Alabama Secures Spot in the US: With landmarks like Toyota Field in Huntsville and Mercedes-Benz Amphitheater in Tuscaloosa bearing names of major automakers, it’s clear that the auto industry fuels Alabama’s economic engine.
The 2023 Economic Impact Report, unveiled by Autos Drive America and the American International Automobile Dealers Association, reveals the profound influence of international automakers on Alabama’s economy. Here’s the lowdown.
Alabama auto manufacturing by the numbers
Alabama isn’t just a powerhouse in college football; it’s also a vital player for international automakers. The state holds the top spot nationally in job creation for major automakers like Hyundai, Toyota, Mercedes-Benz, Honda, and Mazda.
Here’s a closer look:
– International automakers, dealers, and suppliers have fostered 88,060 jobs in Alabama (with 17,998 in direct employment), contributing $6 billion in total employee compensation.
– Investment from international automakers in Alabama reached $14.2 billion, a rise from $12.7 billion in 2021.
– International automakers in Alabama manufactured 968,704 vehicles, constituting 100% of the state’s production.
– Each direct manufacturing job created by international automakers in Alabama supported an additional 3.3 jobs in the state.
“The data is clear—international automakers are driving Alabama’s manufacturing sector and economy forward.
Autos Drive America is confident that international automakers will continue this surge of investment in the U.S., and we think the best is yet to come.”
Jennifer Safavian, President + CEO, Autos Drive America
Recent developments in Alabama auto industry
Alabama’s auto industry has witnessed several multi-million dollar developments this year. Let’s delve into the highlights:
- In August 2023, Hyundai Motor Manufacturing Alabama announced a $290M investment coming in their plant.
- In July 2023, a $12.8M permit was issued at the Rehau Automotive plant in Cullman, a Mercedes-Benz supplier which has undergone multiple expansions in the last few years.
- In April 2023, Honda opened a new $16M facility for accessory packages at their Lincoln Plant.