A report shows $76 billion invested in the nation’s automotive plants over the past decade as automakers implement fuel economy standards.
The report, Driving Investment: How Fuel Efficiency is Rebuilding American Manufacturing, found that since 2008 U.S. automakers invested $63.8 billion in facilities across the country, completing 258 investments at 100 factories, with an additional $12.4 billion in investments at 42 facilities promised by 2020.
The report illustrated that the costs of compliance with fuel economy standards represent added automaker spending on product and manufacturing innovation, additional investments in factories and technology, and purchases of additional and upgraded components from suppliers. In turn, these costs are a much-needed, multi-billion dollar reinvestment in American manufacturing and jobs nationwide.
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