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 05 2013
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. on Monday revealed nine Chevrolet performance concepts and six SUV and truck concepts a day ahead of the Specialty Equipment Market Association (SEMA) Show in Las Vegas, including a new 2014 COPO Camaro production drag-racing model that will be limited to just 69 cars.

Nov 05 2013
Written by Daniel Miller | Posted on The Motley Fool

Ford researchers are experimenting with vehicles that produce as much as 250 gigabytes of data per hour, which the company believes it can use to strengthen its business and reduce environmental impact.

"There are so many amazing possibilities to consider for the future impact of data," said John Viera, global director of sustainability and vehicle environmental matters, in a press release touting the company's efforts to use Big Data to "stay green." "The possibilities are not only exciting, they are, in fact, almost endless," Viera said.

Nov 04 2013
Written by Robert Sorokanich | Posted on Gizmodo

On November 2nd, 1983, the world's first minivan rolled off of Chrysler's assembly line. It was the vehicle that saved Chrysler from financial doom — and in the process, shaped the automotive landscape for thirty years to come.

Nov 04 2013
Written by Joseph Capparella | Posted on Motor Trend

Chrysler’s sales were up 11 percent this month to a total of 140,083 units sold this month. This is the 42nd consecutive month of year-over-year sales increases, and the company’s best September since 2007. The Jeep Compass, with its 68 percent increase, was the highest growing model. Year-to-date sales for Chrysler are strong as well, with the 1,497,086 units moved through the first 10 months of 2013 representing a 9 percent increase over last year.

Nov 04 2013
Written by James R. Healey and Fred Meier | Posted on USA Today

The Chrysler Group said today that its October sales jumped 11% from a year ago to the best October since 2007.

It was a 43rd consecutive month of year-over-year sales gains as the company sold 140,083 cars and trucks, with the Chrysler, Dodge, Ram and Jeep brands all posting gains.

The U.S. sales boom for pickups lifted the Ram Truck brand 22%, best of any Chrysler brand, with the Ram pickup up 18% to 29,846.