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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.

Feb 05 2014
Written by Vince Bond Jr. | Posted on Automotive News

Ford Motor Co., with demand for its Super Duty pickups on the rise, plans to boost production capacity of the trucks 15 percent at its Kentucky Truck plant in Louisville.

When completed, the $80 million expansion will enable Ford to produce an additional 55,000 units a year, the company said.

The plant builds the Ford F-250, F-350, F-450 and F-550 Super Duty pickups, along with the Ford Expedition and Lincoln Navigator SUVs.

Feb 04 2014
Written by KTVI | Posted on Fox 2 Now

The General Motors plant in Wentzville is hiring. The chairman of the United Auto Workers Union says the plant is hiring between 35 to 50 workers a week and it will continue to over the next few months.

 

Jan 31 2014
Written by James R. Healey | Posted on USA Today

Ford Motor says it's investing $80 million and adding 350 jobs at its Kentucky Truck Plant in Louisville, to boost production of F-series Super Duty models about 15%, or 55,000 trucks a year.

Super Duty is Ford's name for F-250 and F-350 truck models, sometimes known as three-quarter-ton and one-ton models, and the even heavier-duty F-450 and F-550. Super Duty trucks almost always are sold as work trucks, albeit often well-appointed -- thus high-profit -- models.

Ford says demand for Super Duties is rising as the economy recovers.

Jan 31 2014
Written by Associated Press, | Posted on Washington Post

LOUISVILLE, Ky. — Ford Motor Co. said Thursday it plans to invest $80 million in its Kentucky truck plant to churn out more F-Series Super Duty trucks. The ramped-up production will add 350 jobs, the automaker said.

The investment will boost production capacity by 15 percent, or about 55,000 units, as the company retools and upgrades the plant, Ford said. Improvements are planned in the body and paint shops, it said.

“This is a sizable leap forward in capacity,” said Joe Hinrichs, Ford’s president of the Americas.

Jan 29 2014
Written by Karl Henkel | Posted on The Detroit News

Dearborn — With a $7.2 billion profit for 2013, Ford Motor Co. has now earned more than $42 billion in global profits during the past five years, more than wiping out the $30.1 billion it lost during the height of the auto crisis and setting a solid foundation for growth in new markets around the world.

But Ford may have reached a financial apex in the current auto cycle.

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