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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.

Mar 06 2014
Written by Daniel Miller | Posted on The Motley Fool

Outside the Dow Jones, Ford , to the delight of union workers, is bringing jobs back to America. Yesterday, the automaker debuted new versions of its F-650 and F-750 trucks which will go on sale in the second half of 2015. Ford is bringing some components back in-house which will reduce costs, simplify issues, and save a majority of the 1,600 UAW production workers at its Ohio plant.

Feb 14 2014
Written by Tyrel Linkhorn | Posted on The Toledo Blade

A new engine Ford Motor Co. will offer in its next-generation F-150 pickup is expected to be built at the company’s Lima Engine Plant, creating several hundred jobs.

The 2.7-liter turbocharged V-6 will come standard with fuel-saving start-stop technology — the first time that has been offered in a truck. Ford says the engine has the same performance as a midrange V-8 without nearly the same thirst for fuel.

Feb 14 2014
Written by Nathan Bomey | Posted on The Detroit Free Press

General Motors is expected to add 400 jobs this year at three plants that were temporarily idled during the automaker’s Chapter 11 bankruptcy, but later reopened, according to a new study.

GM’s Orion Assembly plant and Pontiac Metal Center in Michigan and Spring Hill Assembly plant in Tennessee employed 3,000 workers in 2013, according to the Ann Arbor-based Center for Automotive Research.

Those three facilities are expected to employ 3,400 workers in 2014, the nonprofit estimated in a study financed by the UAW-GM Center for Human Resources.

Feb 11 2014
The Sacramento Bee

U.S. Black Engineer & Information Technology magazine awarded its 2014 Black Engineer of the Year (BEYA) Visionary Award to Kevin Ward, Head of Fastener Engineering, Chrysler Group LLC. Ward was honored at the 28th BEYA Science, Technology, Engineering and Mathematics (STEM) Global Competitiveness Conference and Awards Gala on February 6-8 in Washington, D.C.

The BEYA Conference honors outstanding leaders in the STEM fields and provides excellent opportunities for professional development, networking and recruiting.

Filed Under: Job Creation
Feb 07 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co.’s new CEO Mary Barra was named Thursday as the Most Powerful Woman in Business in a global ranking by Fortune magazine.

Barra, who took over as CEO on Jan. 15 this year after heading global product development, purchasing and supply chain functions for the Detroit automaker, ranked No. 1 in the magazine’s new list of the top 50 most powerful business women across the globe.

Filed Under: Job Creation