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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 FCA US, 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 FCA US, Ford and GM plants.

FCA US, 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 FCA US, 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 FCA US, 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.

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?

Oct 14 2014
Written by Michael Martinez | Posted on The Detroit News

Ford Motor Co. said Monday it is adding 850 hourly jobs to three facilities at its Rouge Center to help build the aluminum-body 2015 F-150 pickup, which will hit showrooms later this year.

Workers already have been hired and are being trained.

The new jobs will be divided among the center’s three facilities. Dearborn Truck will receive more than 500 new workers; Dearborn Stamping will get nearly 300; and Dearborn Diversified, which makes components, will receive more than 50 workers. The center now has nearly 5,000 hourly workers.

Oct 03 2014
Written by Governor Matt Blunt | Posted on The Hill

 

Manufacturing Day 2014 - A Time to Recognize Chrysler, Ford and GM

Today, Oct. 3rd, Americans and businesses will come together across the nation to recognize the importance of manufacturers to the United States economy and communities in all 50 states. As Americans take note, there is no better example of the contribution of manufacturers to the nation than that made by Chrysler, Ford and GM.

Oct 03 2014

 

 

10 Manufacturing Facts about the U.S. Automakers

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