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US: Detroit automakers lead automotive industry

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US: Detroit automakers lead automotive industry

According to a new study issued by the American Automotive Policy Council, the three US automakers are still the rulers of the auto business when it comes to hiring, production and economic impact.

The report, titled “State of the US Automotive Industry”, was just revealed yesterday and according to its research and findings, General Motors, Ford and Chrysler have two thirds of US auto workers, while their local production of cars is roughly one and a half bigger than that of rivals.

“Automakers and suppliers are America’s largest manufacturing sector, its largest exporter and a top consumer of American steel, iron, rubber and semiconductors,” Matt Blunt, president of AAPC, said in a statement. “But what stands out in this year’s report is how much they are investing in the future, with $38 billion in new capital for US plants and facilities over the past five years, and $18 billion in U.S. R&D this past year alone.”

The specific impact of all three Detroit carmakers was analyzed – with the trio manufacturing 5.8 million vehicles in the country with the help of more than 200,000 workers. They have 65% of the jobs in the automotive industry and also commend 45% of the internal market share – while working with more than 10,000 dealerships secures another 580,000 jobs.

by Aurel Niculescu (my Google+) - Wednesday, June 18th, 2014 - filed under Chrysler, Ford, General Motors, Industry, News. Image credit: .
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