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Ford Fact Sheet - Economic Footprint

Ford Fact Sheet - Economic Footprint

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Published by Ford Motor Company
Ford Motor Company, along with General Motors Corp. and Chrysler LLC sold 8.5 million vehicles in the United States last year and supported millions of American jobs, both directly and through suppliers and dealers in all 50 states.
Ford Motor Company, along with General Motors Corp. and Chrysler LLC sold 8.5 million vehicles in the United States last year and supported millions of American jobs, both directly and through suppliers and dealers in all 50 states.

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Published by: Ford Motor Company on Dec 02, 2008
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11/13/2011

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FACT SHEETThe U.S. Auto Industry'sEconomic Footprint
 
 
FACT SHEETThe U.S. Auto Industry’s Economic Footprint
1
 
Ford Motor Company, along with General Motors Corp. and Chrysler LLC sold 8.5 million vehiclesin the United States last year and supported millions of American jobs, both directly and throughsuppliers and dealers in all 50 states.
Employment
 
At the end of 2007, Chrysler, Ford and General Motors directly employed about 240,000American workers and indirectly supported over 4.5 million workers in the UnitedStates.
 
A liquidation of the auto companies would result in the loss of 3 million U.S. jobs(according to a study by the Center for Automotive Research).
 
The auto industry works with thousands of suppliers in all 50 states and has 13,600dealers (which employ 720,000 workers with a total annual payroll of $36 billion).
Benefits
 
In 2007, Ford, GM and Chrysler spent $22.2 billion in payroll and $8.9 billion on healthcare.
 
Last year, the companies provided health care to almost two million Americans and paidpension benefits to 775,000 retirees or their survivors.
 Support for U.S. Government
 
The industry is responsible for $1.2 billion in annual state taxes and spends $12 billionannually in research and development.
 
 
The automotive industry is the largest U.S. export sector.
 
 
It represents almost 4 percent of the U.S. gross domestic product and 10 percent of U.S.industrial production by value.
 
 
The government stands to lose over $156 billion in federal taxes (over three years), if the U.S. auto industry were to collapse (according to a study by the Center forAutomotive Research).
 
According to an October 28
Wall Street Journal 
article, “The Pension Benefit GuarantyCorp. ended 2007 with an $11.2 billion deficit. Were GM to place its pension burden onPBGC, it would more than double the agency's current shortfall, a burden that could fallon taxpayers.”
Note: The worldwide market declines mean that 366 companies amongthe S&P 500 have underfunded pensions, according to a Credit Suisse study.
Support for Other Industries
 
Ford, GM and Chrysler are among the nation’s largest purchasers of U.S.-manufacturedsteel, aluminum, iron, copper, plastics, rubber, electronic, and computer chips.
1
2007 figures
 
Ford – Information by State
2
 
StateNo. of Employees
 
No. of Suppliers
 
Total FordSupplier PurchasesFordDealerships
 
DealershipEmployees
 
Health-CareSpending
AL
15 33 $2B 72 2980 $16M
AK
-- -- -- 8 450 $290,000
AZ
280 53 $33M 41 3470 $22M
AR
10 16 $176M 58 1810 $5M
CA
620 248 $247M 228 17,180 $42M
CO
725 40 $9M 45 2,310 $12M
CT
65 34 $27M 50 1,490 $1M
DC
5 7 $1M -- -- $240,000
DE
5 5 $11M 13 660 $440,000
FL
985 78 $255M 149 11,190 $93M
GA
340 128 $354M 127 5,280 $43M
HI
5 -- -- 7 700 $510,000
IA
30 24 $400M 107 2,675 $2M
2
Total Ford supplier purchases and health care spending are annual numbers

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