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 .
Tue Aug 1, 2017
Texas Attorney General Ken Paxton is declining to come to the rescue of Warren Buffett’s automobile dealerships in the state.
In an opinion issued late Monday afternoon, Paxton essentially said that legal semantics are unlikely to be successful in helping Buffett’s Berkshire Hathaway conglomerate maneuver around a Texas law that appears to prohibit it from owning dealerships in Texas because it also owns an Indiana-based manufacturer of recreational vehicles.
State law prohibits a motor vehicle manufacturer from also owning dealerships, even if the vehicles aren’t of the same type. Buffett’s conglomerate owns a dealership unit — Berkshire Hathaway Automotive — and also owns Forest River Inc., a company that makes RVs, according to a story by The Statesman.
One potential solution under consideration was to have Berkshire Hathaway come up with a way to “relinquish control” of Forest River while still wholly owning it.