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Job Creation

The U.S. Auto Industry Drives Domestic Job Creation

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. One out of three 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 226 assembly plants, factories, research labs, distribution centers and other facilities, located in 32 states, across 115 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.

 

US Employment (YE 2014)



FCA US/Ford/ General Motors employ 2 out of 3 of America’s autoworkers, translating to 232,000 jobs.

Industries with Top 10 Highest Job Multipliers (2014)


 


 

Jan 26 2016
Written by General Motors Media Staff | Posted on General Motors

General Motors today announced an innovative pilot internship program aimed at experienced women engineers who are interested in returning to the workforce after a two or more year career break.

Filed Under: Job Creation
Jan 13 2016
GM News
DETROIT – General Motors was recognized by IHS Automotive today, with its Overall Loyalty to Manufacturer award. The IHS Automotive Loyalty Awards are presented annually to companies and brands that demonstrate the ability to retain owners over repeat buying cycles.

“GM’s commitment to putting the customer at the center of everything we do is absolute and we know that is key to building owner loyalty,” said Alan Batey, president of General Motors North America.

Filed Under: Job Creation
Dec 14 2015
GM Media

ROANOKE, Ind. – General Motors’ Fort Wayne Assembly Plant built its 7 millionth pickup truck today with the customer purchasing the blue double-cab 2016 Chevrolet Silverado helping with the build.

Lee Adams, owner of Tri-State Compressed Air in Goshen, Ind., ordered the truck for his sales force from Tom Naquin Chevrolet in Elkhart, Ind. According to Naquin, Adams’ company has purchased more than 50 Chevrolet trucks and vans since 1982.

Dec 08 2015
Written by Sean Szymkowski | Posted on GM Authority

As the holiday season sets in, many families often are pained with the loss of a loved one, especially from the armed forces. Wreaths Across America was started in 1992 to show support and help teach younger generations that “freedom isn’t free”, and Chevrolet will be backing the cause.

Dec 07 2015
GM Media
DETROIT – General Motors’ Women’s Retail Network awarded a record 10 women a total of $29,000 in tuition assistance in 2015 to pursue careers in automotive retailing to celebrate the fifth anniversary of the Network’s Drive to Succeed Scholarship Program.

Award winners are:

Filed Under: Job Creation