The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Jul 8, 2016
Volkswagen AG’s diesel emission scandal might be one of the best things to happen to American air quality. It also could mean new business for one of the Indiana's largest manufacturers.
The German carmaker’s recent legal settlement with states, territories and tribes for cheating on pollution tests requires VW to pay $2.7 billion into an “environmental remediation fund" aimed at cleaning up the damage its cars have done. That could mean grants for new school buses, upgraded port facilities and cleaner tractor trailers.
Several companies stand to gain from the influx of money: Engine-makers and truck-producers such as Indiana-based Cummins Inc., Caterpillar Inc., Peterbilt Motors Co. and Volvo AB have benefited in the past from federal funding to build environmentally friendly trucks or upgrade older vehicles’ engines.
Additional Information: http://www.ibj.com/articles/59285-vws-diesel-emission-scandal-could-mean-business-for-cummins