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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)


 

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.

Jan 08 2014
Written by Michael Wayland | Posted on MLive

The Auburn Hills-based automaker Tuesday announced the 2014 Dodge Dart SXT Blacktop package will debut at the 2014 North American International Auto Show next week.

Blacktop packages are already offered on Charger, Challenger, Avenger, Journey and Grand Caravan models. The packages includes Gloss Black wheels, select exterior paint colors, Gloss Black painted split-crosshair grille with Gloss Black matching grille surround, darkened headlamp bezels, as well as some unique Blacktop interior touches.

Jan 07 2014
Written by Larry P. Vellequette | Posted on Automotive News

Chrysler Group's Jeep brand set a global sales record in 2013 with sales of 731,565 vehicles, up 4 percent from the previous year's record despite not having the Jeep Cherokee available for sale until late October.

Three nameplates -- the Wrangler, Compass and Patriot -- set global and U.S. sales records in 2013, the company said. The Grand Cherokee was the brand's top-selling model globally at 255,005 units, followed by the Wrangler at 210,715.
 

Jan 07 2014
Written by Andrew Kidd | Posted on The News-Herald

In the wake of its full acquisition by Italian car maker Fiat, automotive manufacturer Chrysler has posted its strongest annual sales since 2007 and the highest December sales increase in six years.

The company saw a 9 percent increase in full-year sales for 2013 compared to 2012, making it the fourth consecutive year of annual growth, while its December sales of 161,007 new cars and trucks saw an increase of 6 percent compared with the previous year’s 152,367.