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 Apr 18, 2019
Author: RV News Staff
Trucks.com reports that a California-based start-up company has agreed to change its name following a lawsuit filed by Thor Industries Inc. The lawsuit claimed that the company, Thor Trucks, infringed upon the RV manufacturer’s name.
Thor Trucks, which produces electric vehicles, will change its name to XOS, the website reports.
The companies agreed in January that the name “Thor Trucks” would no longer be used.
Thor Trucks will officially announce its new name, XOS, at the Advanced Clean Transportation Expo in Long Beach, Calif., next week.
“It is a setback. No question,” spokesman Kyle Arteaga told Trucks.com. “We had significant brand awareness. But we feel we can recover from this.”
Each company paid its own legal fees in the case filed in the U.S. District Court for the Central District of California. No financial settlement was mentioned in the final judgment and permanent injunction against Thor Trucks.
To read the entire article, click here.