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Steve Bridges
Project Manager. Advanced Manufacturing Team. Business Development
434-709-1775
SBridges@YesVirginia.org
- Employs 14,700 people
- Consists of 170 companies, 134 in the Automotive Parts sector
- Supported by 420 machine shops employing 5,100 people
- Has a direct impact of $5.6 billion
- Home to Volvo Truck North America's New River Valley Plant (Dublin, Virginia), the largest Volvo truck plant in the world
- Home to the headquarters of Volkswagen of America
- Central location on the Atlantic Coast provides interstate and rail access to the Northeast, Southeast, and Midwest
- Access to international markets provided by the Port of Hampton Roads and Washington-Dulles International Airport
Virginia’s Automotive Industry employs 14,700 people. The Automotive Industry accounts for 6% of Virginia’s 246,700 manufacturing workers. The top three Automotive Industry sectors by employment are Tires and Materials (3,400); Assembly, Bodies, and Trailers (3,300); and Other Parts (3,300). These three sectors comprise 68% of all Automotive Industry employment in Virginia. The Automotive Industry in Virginia creates $5.6 billion in direct economic output and supports an additional $3 billion of output.
Virginia is home to 170 Automotive companies with 175 locations. The Automotive Industry accounts for 3% of Virginia’s total of 6,200 manufacturing establishments. The top three sectors for companies in Virginia’s Automotive Industry are Other Parts (42); Assembly, Bodies and Trailers (31); and Engine Parts (25). These three sectors comprise 58% of Virginia’s Automotive companies.
Virginia covers all aspects of the Automotive Industry: vehicle assembly, bodies and trailers, parts, tires, and corporate offices. Support for Virginia’s Automotive Industry includes 420 machine shops employing 5,100 people.
Major
Automotive Companies in Virginia |
Afton Chemical |
Carry-On Trailer |
Continental AG |
Corning |
Dupont Automotive
Finishes |
Dynax America |
Eagle-Picher |
Federal Mogul |
Goodyear Tire &
Rubber |
Hutchinson Worldwide |
IAC |
REHAU |
Schrader Bridgeport
|
Somic America |
Tenneco Automotive |
Timken |
TRW |
Utility Trailer |
Volvo Trucks North
America |
Yokohama Tire |
In the past ten years, 100 Automotive Industry projects have announced over 5,540 new jobs and investments of $1.6 billion.
Recent major announcements |
Carraro Group |
Corning |
Continental AG |
DuPont |
Goodyear Tire & Rubber |
The Commonwealth of Virginia offers companies a favorable
business environment characterized by a stable, competitive tax structure and
legislation that protects "at will" and "right-to-work" employment practices.
- Worker's compensation and
unemployment insurance payroll expenses are consistently among the lowest
in the nation
- 6% corporate income tax accounts
for less than 10% of total state tax revenues and has not changed in over
thirty years
- Manufacturers receive broad
sales tax exemptions for purchases of machinery, tools, replacement parts
and raw materials used in the production process, as well as all utilities
delivered through pipes, mains, and lines for all purposes
- Virginia does not tax accounts
receivable, inventory, computer software or other intangibles, and does
not levy a license tax on gross receipts
- The primary local taxes apply
to real estate and machinery and equipment
- There are no school taxes
in Virginia
- Virginia has extremely reliable
electric service at very competitive rates—average cost per unit of
electricity for the industrial sector is 6.55 cents in Virginia, compared
to 6.71 cents for the nation
- Unsurpassed quality of life—health care, educational
and recreational benefits for families rank among the finest available anywhere
in the United States
- Two of the nation's largest railroads, CSX Corporation
and Norfolk Southern Corporation, have extensive infrastructure throughout
the State
- Fourteen railroads operate on more than 3,400 miles
of railway in Virginia, of which more than 3,100 miles are Class I—one
of the strongest rail networks in the nation
- Six interstate highways and direct, double-stacked
rail connections provide quick access to Northeast, Southeast and Midwest
markets
- 14 commercial airports serve the Commonwealth, including
two of the nation's largest, Washington Dulles International and Ronald
Reagan Washington National
- The Port of Virginia is the second largest intermodal
facility on the East Coast and, due to natural harbor depth and Suez-class
cranes, the only East Coast location capable of handling post-Panamax vessels
as first port of call
- The Port of Virginia offers a schedule of approximately
3,000 sailings annually to more than 250 ports in 100 foreign countries
| Selected
Automotive Products Occupations |
Virginia
Employment |
Virginia
Mean Wage |
| Computer-controlled machine tool operators, metal and plastic |
1,460 |
$16.03 |
| Cutting, punching, and press machine setters, operators, and tenders, metal and plastic |
3,290 |
$14.70 |
| Electrical and electronic equipment assemblers |
4,020 |
$15.53 |
| Engine and other machine assemblers |
720 |
$15.12 |
| Heat treating equipment setters, operators, and tenders, metal and plastic |
730 |
$17.49 |
| Industrial machinery mechanics |
7,180 |
$21.70 |
| Machinists |
7,230 |
$19.33 |
| Molding, coremaking, and casting machine setters, operators, and tenders, metal and plastic |
2,320 |
$14.71 |
| Multiple machine tool setters, operators, and tenders, metal and plastic |
970 |
$15.10 |
| Production workers, all other |
6,730 |
$15.05 |
| Team assemblers |
13,890 |
$13.37 |
| Tool and die makers |
710 |
$22.04 |
| Welders, cutters, solderers, and brazers |
7,310 |
$18.98 |
| Welding, soldering, and brazing machine setters, operators, and tenders |
1,360 |
$17.67 |
Virginia’s state universities offer world-class engineering programs.
Virginia Tech’s Department of Mechanical Engineering is home to many automotive-related research centers and labs. The Virginia Tech Transportation Institute offers a unique combination of automotive research options and is the National Surface Transportation Safety Center for Excellence.
Other engineering programs in Virginia include
- Virginia Commonwealth University
- Virginia State University
The Virginia Community College System provides education and training programs for Virginians and Virginia businesses. Degree programs include:
- Mechanical Engineering Technologies
Virginia is home to numerous automotive R&D facilities, including:
- Virginia Tech Transportation Institute
- Smart Road
- Data Acquisition System
- National Surface Transportation Safety Center for Excellence
- Center for Automotive Safety Research
- Center for Sustainable Mobility
- Center for Product Development
- Center for Truck and Bus Safety
- Virginia Tech's Advanced Vehicle Dynamics Lab
- Virginia Tech's Center for Automotive Fuel Cell Systems
- National Tire Research Center (Virginia Tech, General Motors, and the Institute for Advanced Learning and Research)
- National Crash Analysis Center at George Washington University
- Virginia Institute for Performance Engineering and Research (VIPER)
- University of Virginia Center for Applied Biomechanics
- Old Dominion University's Full Scale Wind Tunnel at NASA Langley
- Richmond International Raceway
- Virginia International Raceway
- Martinsville Speedway
- Virginia Motorsports Park
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