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Job Creation

From research labs and supplier factories to assembly lines and dealership showrooms, the auto industry supports nearly 8 million jobs, pays $500 billion in annual compensation and generates $70 billion in personal tax revenue in the United States.

And, as low-skill manufacturing has shifted overseas (for example, in textiles or some consumer electronics), the importance of high-skill manufacturing, like automobiles, has risen. With auto sales rebounding from the financial crisis of the 2008 – 2009, automakers’ importance to our economy will continue to grow. Industry experts predict Chrysler, Ford and GM could hire 34,000 new workers over the next four years. And those new jobs will support about 300,000 more new jobs at auto suppliers and other local businesses that serve Chrysler, Ford and GM plants.

Chrysler, Ford and GM are just three of 16 major global automakers competing in the U.S., but they employ two-thirds of America’s autoworkers, purchase nearly two-thirds of the auto parts manufactured here, produce 55 percent of the autos assembled here and conduct most of America’s auto research and development.

Why do Chrylser, Ford and GM contribute so much more to our economy? Because they conduct the bulk of their engineering, manufacturing, marketing and finance work here. Four out of 10 Chrysler, Ford and GM employees are based in the U.S. At Toyota, Honda, Nissan, Hyundai/Kia, BMW, Mercedes and VW (the seven largest foreign automakers), only five in 100 employees are based here. That eight-fold difference translates into millions of U.S. jobs and tens of billions of dollars in parts sales, R&D and capital investment each year.

Dec 09 2014
Written by Peter Fricke | Posted on The Daily Caller

Negotiations over the proposed Trans-Pacific Partnership (TPP) free trade agreement are continuing this week in Washington, but some economists say the talks shouldn’t be limited to traditional trade barriers like tariffs.

According to Market Pulse, among the issues on the agenda are “intellectual property and reform of state-owned firms to establish fair business competition,” as well as bilateral issues, “such as Japan’s proposed exceptional tariffs on some agricultural produce.”

Dec 02 2014

For Immediate Release:
December 2, 2014
Contact: Colin Dunn
info@americanautocouncil.org
(202) 400 - 2609

 

AAPC Statement on Dr. Art Laffer’s Currency Manipulation Study

 

Oct 31 2014
Written by Sean Szymkowski | Posted on GM Authority

On Tuesday October 8th, the first round of graduates became certified General Motors technicians through GM’s partnership with the U.S. Army and Raytheon Company titled ‘Shifting Gears.’

The program looks to empower returning soldiers with hands-on course work and training at the Texas Fort Hood base to help reintegrate into civilian life. The 12-week program has been years in the making, and teaches essential skills to allow returning soldiers the opportunity to further serve as a technician at a General Motors dealership.

Filed Under: Job Creation
Oct 28 2014
Written by Jeff Bennett | Posted on The Wall Street Journal

General Motors Co. —trying to stir some buzz around the next generation Chevrolet Volt plug-in—said Tuesday it will move production of the vehicle’s electric drive unit to its home state of Michigan from Mexico.

Oct 28 2014
Written by Simon Johnson | Posted on Project Syndicate

Looking for ways to stimulate economic growth and create jobs, US President Barack Obama’s administration is seeking to press ahead with the mega-regional free-trade deal known as the Trans-Pacific Partnership (TPP). But is the US going about it the right way?