Kentucky Continues to Drive the Auto Industry
Both OEMs and suppliers made significant investments in their Kentucky operations last year. In total, 71 automotive-related companies announced projects, which are expected create nearly 3,400 jobs and result in more than $750 million in new investment. More than a fifth of Kentucky’s new investment and nearly 20 percent of new jobs announced in 2014 came from motor vehicle-related projects.
More Kentucky-made cars and trucks are being enjoyed around the world. Last year, the state exported a record of nearly $6 billion in vehicles, parts, bodies and trailers, making automotive Kentucky’s second-largest export. These products were shipped to more than 100 countries.