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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.

Aug 30 2013
Written by Craig Trudell | Posted on BloombergBusinessweek

Ford Motor Co. (F:US), expanding output of its Fusion sedan to a U.S. plant, said that factory could produce another model as demand expands.

Aug 29 2013
Written by Tom Krisher | Posted on StarTribune Business

Sometime before the end of this decade, General Motors will put a car on the road that can almost drive itself.
 

Aug 29 2013
Written by Grace Macaluso | Posted on The Windsor Star

Chrysler Group may be the smallest of the Detroit Three car makers, but the Auburn Hills, Mich.-based company’s unprecedented sales streak on both sides of the border proves that  size isn’t everything.

Aug 27 2013
Written by Kevin Davis | Posted on Autotalk

General Motors plans to invest more than $500 million to improve its Arlington assembly plant in Texas, reports CBSDFW.Com.

Aug 26 2013
Written by Lance Murray | Posted on Dallas Business Journal

Massive presses arrived Friday at the General Motors Assembly Plant, bringing the facility's new $200 million stamping plant closer to completion.

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