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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.

May 19 2014
Written by Karl Henkel | Posted on The Detroit News

Ford Motor Co.’s new aluminum-bodied F-150 isn’t the only addition coming to the Dearborn Truck Plant.

The Rouge factory tour — taken by more than 1 million since it opened a decade ago and viewed as a bucket-list item for Metro Detroiters — will later this year get a revamp alongside the retooled plant floor.

Among the updates: a new multimedia display of the next-generation F-150; renovation of the bridge and walk-around area that overlooks the assembly plant; and updates to the Legacy and Art of Manufacturing theaters to include new special effects.

May 14 2014
Written by John Rosevear and Rex Moore | Posted on The Motley Fool

Even though it didn't have any major new models to announce, Ford (NYSE: F) had a big presence at last month's New York International Auto Show.

Ford celebrated the 50th anniversary of the original Mustang's debut by unveiling a commemorative model -- and with an epic stunt at the Empire State Building. The company also showed off its refreshed-for-2015 Focus, and many key Ford executives were on hand.

May 13 2014
Written by Carrie Cline | Posted on WTHR
For seven years, the city of Tipton has been waiting for Chrysler to start work at the transmission plant that the automaker helped to build.
 
After years of disappointment, the waiting is over today as the plant is dedicated.
 
This plant has been through the ringer in a county that's struggled economically with an unemployment rate as high as ten percent. The facility was under construction for seven years and went through two false starts before reaching this point. 
Filed Under: Job Creation
May 09 2014
Written by Rene Wisley | Posted on The Detroit News

 

Building electric vehicles has become a family affair for Detroiter Evetta Osborne, 47, and her daughter, Monique Watson, 28, of Livonia.

They see each other daily because they work side-by-side at General Motors Co.’s Detroit-Hamtramck Assembly Plant.

The mother-daughter duo have installed nearly every lithium-ion battery pack for GM’s plug-in hybrid electric vehicles — Chevrolet Volt, Opel Ampera, Holden Volt, and Cadillac ELR — since the Volt was in pre-production in 2009.

Filed Under: Job Creation
May 09 2014
Written by Joseph Szczesny | Posted on Daily Tribune

The comeback of the Chrysler Group has led to a dramatic growth in employment at Fiat Chrysler Automobiles North American headquarters and technical center in Auburn Hills and more is anticipated in the new five-year plan the automaker laid out this week.

Chrysler Group employment in Auburn Hills has climbed to more than 14,000 today after dropping to around 7,500 during the company’s bankruptcy five years ago.

The Auburn Hills’ numbers includes 450 summer interns, underscoring FCA chief executive Sergio Marchionne’s faith in the future.

Filed Under: Job Creation