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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.

Aug 27 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co.’s Spring Hill complex is on a path that may lead to a doubled workforce and become a vision of GM’s manufacturing future.

The town and its namesake auto plant, 35 miles south of Nashville, were home to Saturn manufacturing for more than a decade before GM stopped assembly operations for nearly three years following its bankruptcy. It became a metaphor for GM’s overreach, its fall and now its resurgence.

Aug 26 2014
Ford Media Center

Today, Ford Motor Company announced the hiring of 300 new employees and a $129 million investment in Louisville Assembly Plant to support production of the all-new 2015 Lincoln MKC.

Production of Lincoln’s newest vehicle began in May. MKC is the second of four all-new Lincoln vehicles being introduced by 2016, and will go on sale in China, along with the MKZ sedan, when the Lincoln brand debuts there later this year.

Aug 21 2014
Written by Ed Scannell | Posted on TWC

Leaders from three manufacturing groups held a news conference, calling on Congress, the White House and trade negotiators to get tough on countries engaged in currency manipulation.

China is their primary target, having tied the value of its dollar to the U.S. dollar instead of allowing it to be determined in foreign exchange markets.

They said U.S. manufacturing may be on a post-recession rebound, but it's being undermined by China's, Vietnam's and a handful of other countries' practice of currency manipulation.

 

Aug 21 2014

For Immediate Release:

August 21, 2014
Contact: Colin Dunn (AAPC)
info@americanautocouncil.org
202-400-2609

 

AAPC Reinforces Call for Action on Currency Manipulation

Aug 20 2014

For Immediate Release:

August 20, 2014
Contact: Colin Dunn
info@americanautocouncil.org
202-400-2609

 

AAPC Reinforces Call for Action on Currency Manipulation