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.
For Immediate Release:
July 1, 2014
Contact: Colin Dunn
Coalition of Business Leaders Urge Obama Administration to Address Currency Manipulation
Chrysler Group LLC will invest $63 million in its Warren Stamping Plant to expand capacity.
The money will be used to buy and install a high-tech, high-speed press line that will increase capacity by about 3.6 million parts per year, the automaker said in a statement Wednesday.
The 65-year-old plant provides parts stamped from sheet metal — hoods, roofs, liftgates, side apertures, fenders and floor pans — for vehicles including the Dodge Grand Caravan, Durango and Dart; Jeep Grand Cherokee; Chrysler Town & Country; and Ram trucks.
Ford has announced its all-new 2015 Edge crossover. Using the same vehicle architecture as the Ford Fusion, the Edge features a front camera for better visibility, adaptive cruise control and inflatable seat belts, Ford said in a statement released Tuesday.
The Edge will be offered with a 245-horsepower 2-liter 4-cylinder EcoBoost engine, as well as the standard naturally aspirated 3.5-liter V6 and a 2.7-liter EcoBoost V6 that Ford says will deliver more than 300 horsepower. The Edge will also be available with all-wheel drive for the first time.
Chrysler and Fiat leadership outline strategy for the future and discuss supply base’s role in Fiat Chrysler Automobiles’ outlined plans
Eighteen awards presented for extraordinary performance in 2013
June 24, 2014 , Auburn Hills, Mich. - Chrysler Group LLC and Fiat S.p.A. executives today met with approximately 3,000 supplier representatives at their 2014 Annual Strategy Meeting and Supplier Awards Ceremony held at the Palace of Auburn Hills.
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