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Mike Lehmkuhler
Leader . Transportation Team . Business Development
804-545-5722
MLehmkuhler@YesVirginia.org
- Employs18,800 people
- Consists of 173 companies, 134 in the Automotive Parts sector
- Supported by 422 machine shops employing 5,500 people
- Has a direct impact of $7.1 billion
- Home to Volvo Truck North America's New River Valley Plant (Dublin, Virginia), the largest Volvo truck plant in the world
- Home to the headquarters of Volkswagen of America
- Central location on the Atlantic Coast provides interstate and rail access to the Northeast, Southeast, and Midwest
- Access to international markets provided by the Port of Hampton Roads and Washington-Dulles International Airport
In 2008, Virginia’s Automotive Industry employed 18,800 people. The Automotive Industry accounts for 7% of Virginia’s 272,800 manufacturing workers. The top three Automotive Industry sectors by employment are Other Parts (4,400); Assembly, Bodies, and Trailers (4,200); and Tires and Materials (3,600). These three sectors comprise 65% of all Automotive Industry employment in Virginia. The Automotive Industry in Virginia creates $7.1 billion in direct economic output and supports an additional $3.5 billion of output.
Virginia is home to 173 Automotive companies with 178 locations. The Automotive Industry accounts for 3% of Virginia’s total of 6,200 manufacturing establishments. The top three sectors for companies in Virginia’s Automotive Industry are Other Parts (42); Assembly, Bodies and Trailers (32); and Engine Parts (26). These three sectors comprise 58% of Virginia’s Automotive companies.
Virginia has 173 companies and 18,800 people involved in all aspects of the Automotive Industry: vehicle assembly, bodies and trailers, parts, and tires. Support for Virginia’s Automotive Industry includes 422 machine shops employing 5,500 people.
Major
Automotive Companies in Virginia |
Afton Chemical |
Alcoa Wheels |
Continental AG |
Corning |
Dupont Automotive
Finishes |
Dynax America |
Eagle-Picher |
Federal Mogul |
Goodyear Tire &
Rubber |
Hyosung America |
Metalsa |
Narricot Industries
|
Schrader Bridgeport
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Somic Ishikawa |
Tenneco |
Timken |
TRW |
Valeo |
Volvo Trucks North
America |
Yokohama Tire |
In the past ten years, 124 Automotive Industry projects have announced over 9,400 new jobs and investments of $2 billion.
Recent major announcements |
Continental AG |
Dynax America |
ept automotive |
Goodyear Tire &
Rubber |
Mazda |
Westport Corp. |
The Commonwealth of Virginia offers companies a favorable
business environment characterized by a stable, competitive tax structure and
legislation that protects "at will" and "right-to-work" employment practices.
- Worker's compensation and
unemployment insurance payroll expenses are consistently among the lowest
in the nation
- 6% corporate income tax accounts
for less than 10% of total state tax revenues and has not changed in over
thirty years
- Manufacturers receive broad
sales tax exemptions for purchases of machinery, tools, replacement parts
and raw materials used in the production process, as well as all utilities
delivered through pipes, mains, and lines for all purposes
- Virginia does not tax accounts
receivable, inventory, computer software or other intangibles, and does
not levy a license tax on gross receipts
- The primary local taxes apply
to real estate and machinery and equipment
- There are no school taxes
in Virginia
- Virginia has extremely reliable
electric service at very competitive rates—average cost per unit of
electricity for the industrial sector is 4.63 cents in Virginia, compared
to 6.15 cents for the nation
- Unsurpassed quality of life—health care, educational
and recreational benefits for families rank among the finest available anywhere
in the United States
- Two of the nation's largest railroads, CSX Corporation
and Norfolk Southern Corporation, have extensive infrastructure throughout
the State
- Fourteen railroads operate on more than 3,400 miles
of railway in Virginia, of which more than 3,100 miles are Class I—one
of the strongest rail networks in the nation
- Six interstate highways and direct, double-stacked
rail connections provide quick access to Northeast, Southeast and Midwest
markets
- 14 commercial airports serve the Commonwealth, including
two of the nation's largest, Washington Dulles International and Ronald
Reagan Washington National
- The Port of Virginia is the second largest intermodal
facility on the East Coast and, due to natural harbor depth and Suez-class
cranes, the only East Coast location capable of handling post-Panamax vessels
as first port of call
- The Port of Virginia offers a schedule of approximately
3,000 sailings annually to more than 250 ports in 100 foreign countries
| Selected
Automotive Products Occupations |
Virginia
Employment |
Virginia
Mean Wage |
| Computer-controlled machine tool operators, metal and plastic |
1,5600 |
$16.01 |
| Cutting, punching, and press machine setters, operators, and tenders, metal and plastic |
3,270 |
$13.83 |
| Electrical and electronic equipment assemblers |
4,510 |
$14.28 |
| Engine and other machine assemblers |
720 |
$15.18 |
| Heat treating equipment setters, operators, and tenders, metal and plastic |
900 |
$16.43 |
| Industrial machinery mechanics |
7,200 |
$21.04 |
| Machinists |
7,250 |
$18.08 |
| Molding, coremaking, and casting machine setters, operators, and tenders, metal and plastic |
2,670 |
$14.38 |
| Multiple machine tool setters, operators, and tenders, metal and plastic |
820 |
$14.72 |
| Production workers, all other |
7,550 |
$13.56 |
| Team assemblers |
15,670 |
$12.52 |
| Tool and die makers |
700 |
$21.10 |
| Welders, cutters, solderers, and brazers |
7,620 |
$17.84 |
| Welding, soldering, and brazing machine setters, operators, and tenders |
1,520 |
$16.75 |
The
Virginia Community College System provides education and training programs for
Virginians and Virginia businesses. Degree programs include:
- CAD/CAM
- Engineering Technology
- Industrial Electronics
- Industrial Production
- Industrial Technology
- Mechanical Engineering Technologies
- Welding
Virginia is home to numerous automotive R&D facilities, including:
- Old Dominion University's Langley Full Scale Tunnel
- Virginia Tech's Advanced Vehicle Dynamics Lab
- Virginia Tech's Smart Road test site
- The National Crash Analysis Center
- The Virginia Institute for Performance Engineering and
Research (VIPER)
- The Virginia Modeling, Analysis and Simulation Center
- Richmond International Raceway
- Virginia International Raceway
- Martinsville Speedway
- Virginia Motorsports Park
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