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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.

Jan 29 2014
Written by Karl Henkel | Posted on The Detroit News

Dearborn — With a $7.2 billion profit for 2013, Ford Motor Co. has now earned more than $42 billion in global profits during the past five years, more than wiping out the $30.1 billion it lost during the height of the auto crisis and setting a solid foundation for growth in new markets around the world.

But Ford may have reached a financial apex in the current auto cycle.

Jan 27 2014
Written by Associated Press | Posted on The Detroit News

Detroit — Students have until Feb. 28 to apply for Buick Achievers Scholarship money.

This is the fourth year the scholarships will be awarded. To be eligible for the program, high school seniors or current undergraduate students must be looking to obtain a college degree in science, technology, engineering, math, or other eligible fields related to the automotive industry.

Jan 17 2014
Written by Sarah Hollenbeck | Posted on 41 Action News

This week, Ford's automobile plant in Claycomo, Missouri is welcoming 1,000 new employees. The company needs more people to start building a fleet of 2015 Ford Transit Vans.
This is the most people Ford has hired since 2000, and the company is not done hiring yet. It will fill 175 more positions this March.
The company hopes to have thousands of 2015 Transits ready to sell this summer across the United States.

Jan 16 2014
Ford Media
  • Ford’s Kansas City Assembly Plant this week welcomes nearly 1,000 employees as preparation to build the all-new 2015 Ford Transit gets under way; 175 additional employees to start by March 2014
  • Overall this year, Ford is creating more than 5,000 new jobs, including 3,300 salaried positions – its largest hiring initiative since 2000; new jobs build on more than 14,000 Ford jobs in North America in the past two years
  • On sale this summer, the all-new Ford Transit is a lineup of full-size vans that pairs Ford’s legendary durability with greater functionality, best-in-class
Filed Under: Job Creation
Jan 10 2014
Written by Benjamin Preston | Posted on The New York Times

Although Mopar has been Chrysler’s parts and service moniker since before World War II, it was during muscle-car craze of the 1960s that it came to be identified with performance aftermarket parts. At the North American International Auto Show in Detroit next week, Chrysler will have a sizable Mopar display as part of its 5,500-square-foot spread, showing off several vehicles laden with aftermarket parts.

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