Economic Impact Study
5/15/2009 3:00:00 AM
As the first Japanese automaker to build motor vehicles in the United States, Honda is proud to invest in Americaits economy and its people. Starting with a small motorcycle sales office in Los Angeles in 1959, Honda has grown into a multi-line operation throughout the country to include automobiles, power equipment, powersports, engines and jet aircraft. Honda's contributions to the processes of manufacturing and design have helped to improve the U.S. automotive industry, as well as others.
The Center for Automotive Research (CAR) recently conducted a study on the economic contributions of American Honda Motor Co., Inc., and all of its U.S. affiliate companies and associated retail operations for the calendar year 2007. The results show the tremendous positive impact that Honda has made over the past 50 years. Highlights of the study include:
- More than 367,000 private sector jobs, and $17 billion in annual wages and salaries, are generated as a result of Honda's total U.S. operations.
- Almost 152,000 private sector jobs are a result of Honda's direct employment in the United States. Associated wages and salaries are estimated to be $9 billion.
- More than 215,000 private sector jobs are generated by Honda's dealerships and Honda product-related retail employment in the United States. Their estimated associated wages and salaries are approximately $8 billion.