You are here

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.

Nov 22 2013
Written by Karl Henkel | Posted on The Detroit News

Ford Motor Co. on Thursday announced plans to invest $150 million at its Buffalo, N.Y., stamping plant, which will make parts for the automaker’s next-generation Edge crossover scheduled to hit dealer lots next year.

The investment will add 25 new sub-assembly stations to produce hoods, doors and fenders, and more than 500 new dies plus equipment upgrades.

Buffalo Stamping Plant produces parts such as quarter panels and floor pans for Ford vehicles like the Edge and Flex midsize crossovers, Focus compact car, F-250 and F-350 pickups and Lincoln MKX and MKT.

Nov 21 2013
Written by Nathan Bomey | Posted on Detroit Free Press

General Motors is introducing two new variations of the ChevroletSonic subcompact, a key vehicle in the automaker’s effort to reach millennials.

GM revealed the Chevrolet Sonic RS sedan and the Chevrolet Sonic Dusk today. They will go on sale in the spring. Workers at the automaker’s Orion Township assembly plant will build them.

Nov 20 2013
Written by AP | Posted on The Detroit News

The manager of the Chrysler assembly plant in Toledo says the facility will build more than a half-million Jeeps next year — making it one of the highest-volume assembly plants in North America.

That’s according to plant manager Zach Leroux, who spoke to a rotary club in Toledo Monday.

Chrysler builds the Jeep Wrangler and new Jeep Cherokee at the Toledo facility.

Nov 20 2013
Written by Bryce G. Hoffman | Posted on The Detroit News

Chrysler Group LLC kicked off the centennial of its Dodge brand Tuesday with special 100th Anniversary Editions of the Challenger and Charger that will go on sale next year.

Nov 14 2013
Written by Jere Downs | Posted on Courier-Journal.com

Ford Motor Co. will start making a lower-priced Lincoln sport utility vehicle at its factory on Fern Valley Road starting in the spring, but has no plans to add workers or pay more overtime.

The Louisville Assembly Plant, with 4,500 employees, is already running around the clock and is on pace to produce about 380,000 Ford Escape compact SUVs this year. Ford officials would not disclose annual production of the new Lincoln MKC, but have indicated to analysts that it would be about 30,000 vehicles annually, said Michelle Krebs, senior analyst with Edmunds.com.

Pages