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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. Four out of ten 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 180 assembly plants, factories, research labs, distribution centers and other facilities, located in 31 states, across 91 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)


Industries with Top 10 Highest Job Multipliers (2013)


 

Jul 07 2014
Detroit Free Press

DEARBORN, MICH-- — . Ford Motor Co. says it’s donating $1 million to the Smithsonian National Museum of African American History and Culture, which is scheduled to open in 2016 on the National Mall in Washington.

Congress established the National Museum of African American History and Culture in 2003 as the 19th museum of the Smithsonian. The 400,000-square-foot building is under construction at a 5-acre site next to the Washington Monument and is expected to cost about $500 million.

Jul 07 2014
Written by Vicki Needham | Posted on The Hill

More than a dozen leading manufacturing groups on Thursday called on the Obama administration to include currency manipulation provisions in all future trade agreements, especially the Trans-Pacific Partnership (TPP).

The 13 groups, including the American Automotive Policy Council (AAPC), sent a letter to Treasury Secretary Jack Lew and U.S. Trade Representative Michael Froman, as TPP talks begin in Ottawa.

Jul 03 2014
Ford Media Center

Ford is best-selling brand among American military families, according to Polk vehicle registrations analyzed in an IHS Automotive military sample of 19.3 million households of active, retired or veteran military personnel; Ford has three vehicles in the top 10, with F-150 topping the list

Ford Escape is best-selling sport utility vehicle among American military families and third most popular vehicle overall. In Philadelphia, Detroit and Cleveland markets, Escape is top-selling vehicle among military families

Jul 03 2014
Written by Chris Woodyard | Posted on USA Today

The new 2015 Ford Mustang isn't even out yet and already customizers are letting their dreams run wild.

One of the best in the business, Steve Saleen, has now offered his take. He is showing a picture this week of how he would dress up the new Mustang. He takes the classic approach, with clean horizontal lines and a minimum of clutter, judging from the one front view that he released.

Jul 01 2014
July 1, 2014
 
Secretary Jacob J. Lew                                              Ambassador Michael Froman
Secretary of the Treasury                                           United States Trade Representative
Department of the Treasury                                        Office of the U.S. Trade Representative
1500 Pennsylvania Avenue, NW                                600 17th Street, NW
Washington D.C. 20220                                             Washington D.C.