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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.

Jan 02 2014
Written by Associate Press | Posted on The Detroit News

Ford says retail sales have risen 15 percent through November of this year.

The automaker says it expects to sell at least 2.4 million Ford-brand vehicles this year, enough to make it North America’s top-selling brand. It says it expects December sales to “grow substantially” compared to last December.

Dec 30 2013
Ford Media Page

With more than 2.4 million vehicles sold, Ford expects to retain its title as best-selling vehicle brand in North America in 2013, and has widened its lead over Toyota.

Dec 19 2013
Written by David Undercoffler | Posted on LA Times

Ford has announced it is joining a growing list of automakers who are taking a serious look at the future of self-driving cars.

The automaker has teamed up with the University of Michigan and State Farm Insurance to develop an autonomous Ford Fusion Hybrid test car. The collaboration will use the car to develop technologies that Ford and its suppliers can use on a future generation of vehicles.

Dec 18 2013
Written by Zacks Equity Research | Posted on Zacks

General Motors Company announced that it will be investing $1.3 billion in 5 manufacturing plants located in 3 states of the U.S. The automaker will be using the investment for producing new fuel-efficient engines and transmissions and to upgrade assembly plants.

The five manufacturing plants in which General Motors will be investing include; assembly plants in Flint and Detroit and an engine plant in Romulus, Mich., a transmission factory in Toledo, Ohio, and a casting plant in Bedford, Ind.

Dec 17 2013
Reuters

General Motors Co said on Monday it will invest nearly $1.3 billion at five U.S. plants to make a new transmission and boost output for a planned new engine as well as add a vehicle paint shop.

GM, the No. 1 U.S. automaker, said the investment at the plants in Michigan, Ohio and Indiana will create or retain about 1,000 jobs combined, but did not say how many will be new jobs. The five plants employ about 7,500 people.

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