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.

Jun 27 2013
Written by Michael Wayland | Posted on M Live

DETROIT- General Motors Co. has already exceeded its goal of announcing more than $1.5 billion in new investments this year for production facilities in North America.

Following two Wednesday announcements totaling $344 million, the Detroit-based automaker’s announced investments total about $1.82 billion with six months to go in 2013.

Jun 26 2013
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. said Wednesday it will invest $133 million to add a new stamping press at its Wentzville Assembly and Stamping Plant in Missouri.

The move is expected to create or retain 55 jobs, GM said.

 

Jun 21 2013
Ford Media

LEXINGTON, KY, June 21, 2013 – Ford Motor Company’s community relations arm, Ford Motor Company Fund (Ford Fund), is providing $10,000 for the American Heart Association’s (AHA) Go Red for Women campaign in Lexington. The check was presented during a Lexington Legends baseball game dedicated to the Go Red for Women campaign.
 

Filed Under: Job Creation
Jun 19 2013
Written by John O'Dell | Posted on Edmunds

Shoppers who want to buy American cars have a relatively easy job, provided that their definition of an American car is one that's assembled in the U.S.A., of mainly domestic parts. They can consult a new car's window sticker for a quick rundown on the percentage of domestic content and the country and state in which the car was were assembled, posted to comply with the American Automobile Labeling Act (AALA). The first letter or digit of the car's vehicle identification number (VIN) confirms where the car was built. Cars assembled in the U.S. start with a 1, 4 or 5, for example.

But some car shoppers want to know more than just where a car was assembled, particularly if that "American" car comes from a foreign carmaker, such as BMW, Honda or Toyota. They want to know if purchasing a foreign car that's made in America will support the U.S. economy. Where does the money from that American car wind up? Does it stay in the U.S., or does it go back to the carmaker's home country?
 

Jun 18 2013
Written by James Martin | Posted on CNET

The road to becoming one of the innovators of American manufacturing wasn't always smooth for Henry Ford.

Ford tried and failed many times before establishing the Ford Motor Company -- which proved to have some longevity -- and producing the Model A, which first came off the assembly line 110 years ago this week. In a coincidence of round numbers, it was also 150 years ago this July that Henry Ford was born.

Pages