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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 11 2014
Written by Matt Blunt | Posted on AL.com

American businesses could be hiring more workers today if we ended unfair trade practices used by some of our trading partners. No matter how competitive companies are in Alabama, they struggle to keep up with foreign competitors that are given an unearned advantage because of currency manipulation.

Aug 04 2014
Written by Matt Blunt | Posted on The Wilson Center

In an ever-shrinking world, a popular refrain among some skeptics is that American manufacturing is not competitive in the global economy. A new report by the American Automotive Policy Council (AAPC) reveals that is simply not the case. Led by Chrysler, Ford and General Motors, American manufacturing is on the rise, creating jobs and expanding opportunity at a rate that hasn’t been seen in years.

Aug 04 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Financial Co. Inc., a subsidiary of General Motors Co., said Friday it is expanding its Arlington, Texas, operations center and could add hundreds of new employees there over the next few years.

GM Financial said it bought a 240,000-square-foot building on 22 acres in Arlington, just a block from where about 2,150 GM Financial employees work in operations and customer service. The company is renovating the new space, which it will use for offices and a training and conference center.

Filed Under: Job Creation
Aug 04 2014
Ford Media Center

Business Leaders for Michigan (BLM), the state’s business roundtable, today brought leading corporate executives to Washington, D.C. to meet with Michigan “alumni” to talk about Michigan’s reestablished position as a leading location for business development and expansion. Michigan Governor Rick Snyder joined executives in emphasizing the state’s progress on key factors that lead to economic expansion.

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