From research labs and supplier factories to assembly lines and dealership showrooms, the auto industry supports nearly 8 million American jobs. In sum, the industry pays $500 billion in annual compensation, and generates $70 billion in personal tax revenue. While FCA US, Ford and General Motors are just three of the sixteen automakers competing in the U.S. market, they employ two-thirds of America’s autoworkers. Why do FCA US, Ford and General Motors contribute so much more to our economy? They conduct the bulk of their engineering, manufacturing, marketing and finance work here, in the United States. Four out of ten FCA US, Ford and General Motors employees are based in the U.S. Conversely, at Toyota, Honda, Nissan, Hyundai/Kia, BMW, Mercedes and VW (the seven largest foreign automakers), only five in one-hundred employees are based here. That six-fold difference translates into millions of indirect U.S. jobs, and tens of billions of dollars in parts sales, R&D and capital investment each year.
As low-skill manufacturing has shifted overseas, the importance of high-skill manufacturing, such as automobile manufacturing, has risen. Likewise, with auto sales rebounding from the financial crisis of 2008 and 2009, the role of automakers in our economy will continue to grow. Industry experts predict FCA US, Ford and General Motors could hire 34,000 new workers over the next four years - those new jobs will support about 300,000 indirect new jobs at auto suppliers and other local businesses that serve FCA US, Ford and General Motors plants. The companies themselves currently operate more than 180 assembly plants, factories, research labs, distribution centers and other facilities, located in 31 states, across 91 congressional districts. Further, their auto-dealer network independently employs more than 580,000 other Americans.
In total, FCA US, Ford, and General Motors account for more than 68% of U.S. auto-industry jobs, while only holding a 45% total share in the U.S. auto market. Because the three companies research, produce and manufacture more vehicles in the United States than any of their foreign competitors, they have proportionally more employees than the size of their market share. Compared to their competitors, six times more of their global work force is based in the U.S.
The FCA Foundation, the charitable arm of FCA US LLC, today awarded grants totaling more than $62,000 to 17 Kokomo and Tipton-area community organizations and programs that serve youth development & education, senior citizens, veterans and multicultural activities. The announcement came during a gathering of 40 community leaders at the Indiana Transmission Plant I in Kokomo.
Many veterans returning home have years of experience in the field but without college degrees, are unsure how to apply their skills as they look to rejoin the workforce. According to Tony Lee, publisher of CareerCast.com, most veterans are more qualified than they realize for positions ranging from software engineer to industrial engineering technician.
A $1.4 billion overhaul will expand General Motors Corp.'s (NYSE: GM) Arlington plant to nearly 4.5 times its size when it opened 61 years ago.
The project will add 1.2 million square feet to the factory’s 4.375 million square feet across 250 acres. The facility will also be outfitted with new equipment, machinery and tools, as well as training for the 4,100 employees who create 280,270 Chevrolet Tahoe and Suburban, GMC Yukon and Cadillac Escalade SUVs each year.
General Motors will invest $245 million and add 300 new jobs at its Orion Assembly plant to support launching an all-new vehicle program unlike any in the plant’s 32-year history.
“Orion Assembly is a breeding ground for manufacturing innovation,” said Cathy Clegg, GM North America vice president of Manufacturing and Labor Relations. “It serves as a model for how to engage the entire workforce at all levels to achieve success. The plant is up to the challenge of building this brand-new product, something it’s never seen before.”
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