DID YOU KNOW….
• 1 out of every 10 U.S. jobs is auto-related, supporting approximately five million jobs across all 50 states.
• They support 14,000 dealers across the country, and these dealers in turn employ 740,000 people, with a total payroll of $35 billion a year.
• The auto industry purchased $156 Billion in raw materials annually and is the largest purchaser of U.S. steel, aluminum, iron, copper, plastics, rubber and electronic and computer chips.
• Autos account for $690 billion, or about 20% of all U.S. retail sales
• 4% of U.S. gross domestic product is auto-related and represents 10% of U.S. industrial production by value.
• Auto sales generate more than $10 billion dollars of annual tax revenue
• Domestic auto industry has invested nearly a quarter of a trillion dollars in the U.S., including $10 billion alone last year.
• U.S.- based carmakers have 105 plants in 20 states, including California, Texas ,Kansas, Louisiana and Maryland.
• The auto companies provide pensions for 775,000 and health care benefits for 2 million.
• The collapse of this industry would reach far beyond Detroit. The Center for Automotive Research predicts that a collapse would lead to:
• Widespread failures of supplier companies
• Put nearly 3 million people out of work
• Personal income would drop by $150 billion
• Tax and social security receipts would fall by more than $45 billion
General Motors, Ford and Chrysler are not asking for a bailout or a handout, they are asking for a loan to be repaid to the tax payers! A loan to see them through the tough economical times that will only become tougher for us all if they are allowed to fail without our governments support!
To contact your members of Congress to ask them to support America’s domestic auto industry, please call the following number to be connected with your legislators - 1-866-927-2233. OR, you can visit
www.gmfactsandfiction.com and click on
"I'm a concerned citizen" button to electronically send a message to your Senator and Congressman if you prefer.
Either way, the process is quick, easy and necessary.