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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 FCA US, 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 FCA US, Ford and GM plants.

FCA US, 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 FCA US, 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 FCA US, 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.

Apr 29 2014
Chrysler Media Group
  • Adds 15,000 square feet of interactive training for manufacturing employees
  • More than 9,000 participants trained since grand opening in 2012
  • Now teaching 45 different hands-on classes; originally started with four classes

April 28, 2014 , Warren, Mich. - After officially opening more than two years ago, the final touches on a significant expansion in both square-footage and educational programming at Chrysler Group’s World Class Manufacturing (WCM) Academy were completed early this year.

Filed Under: Job Creation
Apr 09 2014
Written by Jeff Bennett | Posted on The Wall Street Journal

General Motors Co. GM -2.23%  on Tuesday announced a $449 million investment in two Michigan plants to bolster the development and production of its Chevrolet Volt and Cadillac ELR hybrid-electric vehicles.

Apr 04 2014
Written by Peter Morici | Posted on The Street

Trade agreements have further exposed U.S. manufacturers to foreign competition but have not similarly improved their market access abroad. Principal competitors China, Japan and Germany all systematically undervalue their currencies to make their exports artificially cheaper than U.S. products both in domestic and rapidly growing Asian markets.

Filed Under: Job Creation
Mar 17 2014
Written by Mark Clothier | Posted on Bloomberg

Fiat SpA (F) is adding 800 employees in Sterling Heights, Michigan, to support production of the redesigned Chrysler 200, reviving a factory that was almost shuttered following the U.S. automaker’s 2009 bankruptcy.

Fiat invested almost $1 billion in the plant, which will build the 2015 Chrysler 200, the Turin, Italy-based company said in a statement yesterday. The factory, which employs a total of 2,800 with the new hires, has added new paint and body shops, increasing its total size to about 2 million square feet.

Filed Under: Job Creation