The U.S. Auto Industry Drives Domestic Job Creation
From research labs and supplier factories to assembly lines and dealership showrooms, U.S. automakers, their suppliers, their dealerships, and the local businesses that support them are responsible for more than 7.25 million U.S. jobs. No manufacturing sector employs more U.S. workers.
Together, the 15 major automakers competing in the U.S. directly employ about 388,000 U.S. workers. FCA US, Ford, and General Motors employ 238,000 of these U.S. workers, meaning that FCA US, Ford, and General Motors employ nearly 2 out of 3 of America’s autoworkers.
The fact that FCA US, Ford, and General Motors account for 64% of U.S. auto jobs is remarkable, especially considering that they account for only 44% of U.S. market share.
FCA US, Ford, and General Motors produce more of their vehicles here, conduct more of their research here, and buy more of their parts here. As a result, they have based nearly seven times more of their global workforce in the U.S. than their competitors.
US Employment (YE 2018)
FCA US/Ford/ General Motors employ 2 out of 3 of America’s autoworkers, translating to 238,000 jobs.
Industries with Top 10 Highest Job Multipliers (2018)
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STUDY: The Effects a Free Trade Agreement with Japan will have on the U.S. Auto Industry
Automotive trade has always been an important aspect of the United States and Japanese trading relationship. The value of Japanese manufactured vehicle exports and related parts to the United States peaked most recently at nearly $60 billion in 2006. Due to the unbalanced nature of automotive trade between the two countries there is and continues to be a large deficit in automotive trade between the United States and Japan. The automotive trade deficit with Japan of $42 billion constituted 67 percent of the total U.S trade deficit with Japan in 2011.
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Expansion of GM plant in Arlington hums right along
ARLINGTON -- So what will $530 million buy at the General Motors plant?
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Report: Auto dealers return to profitability, stability
DETROIT – Auto dealers have returned to profitability and stability, and the average number of vehicle sales at each dealership is expected to reach an all-time high in 2012, according to projections released this morning by Detroit-based Urban Science.
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GM CEO Dan Akerson snaps up 25,000 shares, strives to break bureaucratic image
General Motors CEO Dan Akerson bought 25,000 shares of the company’s stock in a gesture of faith that the shares are undervalued at a time when North American profits are offsetting troubles in Europe.
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