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Company’s annual impact exceeds $29 billion in U.S.


Posted Friday, Dec 5, 2008 at 9:56 am in Company News

Chrysler LLC today released figures revealing that the direct economic impact of the company’s operations in the United States exceeds $29 billion each year.

The analysis covers economic activity in all 50 states, and includes annual wages, pensions, and state and local taxes paid as well as supplier and minority supplier purchases. The analysis also includes the number of employees, retirees, dealers and suppliers in each state.

Highlights:

• Chrysler U.S. employees paid $1.3 billion (2007) in federal taxes.
• Chrysler paid nearly $6 billion (2007) in annual wages in the United States
• Chrysler paid nearly $2 billion (2007) in pension benefits to more than 120,000 retirees (2007) living in all 50 states.
• Chrysler paid nearly $280 million (2007) in state and local taxes in the United States
• Chrysler purchases more than $21.3 billion (through October 2008) from more than 6,000 parts suppliers located in all 50 states (this figure does not include an additional $9 billion (2008) spent annually—mostly in the United States—on logistics and indirect equipment and services). Chrysler spends more than $4.8 billion (2007) with minority suppliers annually. Since 1983, Chrysler has sourced more than $38 billion from minority-owned suppliers.
• Chrysler’s more than 3,300 dealers (2008) employ more than 144,000 people in local communities throughout the United States.

The analysis supports the case that despite the entire automotive industry facing tough economic challenges, Chrysler has not wavered in its commitment to its people, partners and local communities throughout the United States.
 
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