With a history stretching back more than 115 years, General Motors (GM) has deep-seated roots in Detroit, Michigan, with operations and a supply chain integrated into the United States and global economies. GM was the largest automotive manufacturer in the US in 2022. Oxford Economics’ report explores the jobs, GDP, and payments to government that GM supported, looking at the company’s own operations, its spending with suppliers, its investment programs, and its payment of wages to employees.
GM directly created nearly one quarter of the value of the US’s entire auto manufacturing sector, and its entire footprint supported $10 billion more GDP than the value of all of the US’s crop production in 2021. GM employed over 97,000 hourly and salaried workers, accounting for nearly 10% of the US’s automotive manufacturing labor force, and paid its workers 39% more on average than the national average for all transportation manufacturing workers.
In addition, GM has also been investing heavily in its internal combustion engine and electric vehicle technologies, positioning itself as a leader in the industry. Continued investment in more sustainable and innovative transportation solutions is expected to support jobs and value in communities across the US.
To download the report and infographics, please complete the form below.
The experts behind the research
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Lead Economist, Economic Impact
Senior Economist, Economic Impact
Head of Consultancy, Americas
Read the report
Complete the form below to download the report.
You might be interested in
How to tackle sustainability challenges
Sustainability is a multifaceted challenge, shrouded in complexity. It can make navigating the complex landscape of sustainability daunting, with organisations often struggling to understand their unique challenges and find effective solutions or meet their reporting and disclosure requirements. Why, are companies struggling, even though 97% of businesses consider sustainability a top priority?Find Out More
The McDonald’s System’s Multi-Billion Dollar Impact
The McDonald’s System plays an integral role in state economies through its support of jobs and businesses, driving economic opportunity for its independent owner/operators, McDonald’s crew members, and suppliers.Find Out More
The Economic Impact of U.S. Cable Providers
This report, commissioned by NCTA, shows that cable providers and cable programming providers had a significant impact on the U.S. economy in 2022 in terms of their contribution to GDP, the number of jobs they support, and the tax revenue they stimulate.Find Out More
Understanding the gaps in the US STEM labor market
In the context of an accelerated expansion of the tech industry, and the implementation of policies like the CHIPS and Science Act, US firms are expected to demand more STEM (science, technology, engineering and mathematics) trained professionals, at a pace that the American higher educational system will have trouble matching.Find Out More