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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 14 2014
Reuters

General Motors Co (GM.N) will start construction this fall on a $174 million (104.24 million pound) stamping plant in Lansing, Michigan, that will make components for the nearby Lansing Grand River assembly plant, the company said on Wednesday.

The plant, which will stamp steel into auto components like hoods and door panels, will create or retain about 145 jobs.

It will produce components for Cadillac ATS and Cadillac CTS vehicles and a future product the company has not yet announced.

Aug 13 2014

For Immediate Release:

August 13, 2014
Contact: Colin Dunn (AAPC)
info@americanautocouncil.org
202-400-2609


AAPC Reinforces Call for Action on Currency Manipulation

Aug 12 2014

For Immediate Release:

August 12, 2014

Jennifer Whisnant
jwhisnant@quixotegroup.com
336-544-2418

Eliza Levy
elevy@ncto.org
202-822-8028           

Media Advisory

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.