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 .
Thu Sep 8, 2016
Shares of Navistar surged Monday after Volkswagen agreed to form a strategic alliance to supply engines to the U.S. truck maker.
In a deal forged by the need to meet stringent emissions regulations in the United States, the German automaker will get a 16.6 percent stake in Navistar.
Navistar's stock was up 60 percent in early trading Tuesday. It later pared those gains, but still soared more than 40 percent on the day. The company has struggled over the past five years, with the stock falling about 65 percent.
Additional Information: http://www.cnbc.com/2016/09/06/volkswagen-takes-256-million-navistar-stake-in-trucks-push.html