RVIA Economic Impact Study

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 .

Berkshire Hathaway Could Face Civil Fines in Texas for Violations

Wed May 24, 2017

It’s a good thing Warren Buffett has deep pockets.

The billionaire’s holding company – Berkshire Hathaway Inc. – could be liable for civil fines in the range of $350,000 a day if an ongoing investigation by the Texas Department of Motor Vehicles determines it to be in violation of Texas law prohibiting the owner of an automobile manufacturer from also owning automobile dealerships in the state.

Berkshire Hathaway owns Berkshire Hathaway Automotive, which is based in Irving and operates 35 new-car dealerships in Texas, and it also owns Forest River Inc., an Indiana-based manufacturer of recreational vehicles. Owning both businesses potentially puts Berkshire Hathaway in violation of the Texas occupations code preventing ownership of a motor vehicle manufacturer and ownership of dealerships under a single corporate umbrella, even if the vehicles aren’t of the same type, according to a story by My Statesman.com.

Additional Information: http://www.mystatesman.com/business/buffett-berkshire-hathaway-could-face-fines-over-texas-dealership-law/VfTlXG40sHLpwHwUVbTA9L/