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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)


 

May 30 2014
Written by Kathleen Burke | Posted on Automotive News

DETROIT -- Fiat Chrysler Automobiles is going outside the Midwest to attract young talent and enhance the company’s reputation among college students and graduates worried about job security at a domestic automaker.

As part of its summer internship program, Chrysler has recruited 502 students from 127 universities across the country to work across all company operations and locations -- the most in the program’s 19-year history.

Denise Debouvre, Chrysler’s university relations manager, said the company struggled with recruiting after its high-profile bankruptcy in 2009.

May 29 2014
Chrysler Media

Three Toledo plant retirees and WWII veterans join plant employees for dedication

Vehicle restoration completed by Toledo plant employees

Nearly 10 percent of Toledo workforce has military background

Military population grows by 25 percent with Jeep Cherokee launch and recent hiring

May 28, 2014 , Toledo, Ohio - As the nation pauses this Memorial Day to remember those who served in the United States Armed Services, Chrysler Group’s Toledo Assembly Complex (TAC) unveiled its own special tribute to veterans around the country during a ceremony at the plant today.

May 21 2014
GM News

INDIANAPOLIS – Based on growing employee demand, General Motors today announced that it has installed 401 electric vehicle charging stations at its U.S. production and business facilities. More than 20 percent of the stations use electricity generated from solar canopies to help charge employee vehicles.

The majority of the stations are located at GM’s large engineering and corporate facilities in Michigan, where employee EV ownership is growing steadily. All charge stations are available free of charge to GM employees and visitors.

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.