ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 



































 
Gov. Beshear supports aid for Kentucky auto industry

Auto industry employs nearly 82,000 people in Kentucky

From Commonwealth News Center

FRANKFORT, KY - "I am pleased that the House of Representatives passed last night emergency loans to the automotive industry, and I urge the United States Senate to quickly take the same action. At this time of economic uncertainty, I believe Congress should do everything in its power to assure that the auto industry maintains a strong economic foundation.

"As I expressed to President-Elect Barack Obama in our recent meeting and in letters to congressional leaders, assistance to this industry is critical to the nation, and specifically to the economic vitality of Kentucky.

"The auto industry employs nearly 82,000 people in Kentucky and is one of the cornerstones of our state's economy, adding $5.6 billion to our state's gross domestic product in 2006. In 2007, Kentucky produced more than one million cars and light trucks, accounting for nearly 10 percent of the U.S. market share. Kentucky-produced vehicles include the #1-selling car in America (Toyota Camry), the top-selling truck in the world (Ford F-Series) and the top-selling premium sports car (Chevrolet Corvette). The average weekly wage for motor vehicle manufacturing in 2007 was $1,770, compared to $702 for all industries in Kentucky.

As our nation struggles to regain its economic footing, a bankruptcy in the auto industry is the last thing we can afford. An abrupt financial downturn could have a drastic affect on families in Kentucky and across the nation."




This story was posted on 2008-12-11 18:15:51
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.



 

































 
 
Quick Links to Popular Features


Looking for a story or picture?
Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com.

 

Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728.
Phone: 270.403.0017


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.