In the grim days of 2009, America's auto industry, and the millions it employed, appeared to be teetering on the edge of the abyss. But since then, a frenzy of car buying and new fuel efficiency standards have brought thousands of jobs back to the exact parts of the country that most desperately need them. David... Read More »
By Pete Bigelow, AOL Autos
Strengthened interest by consumers and government in fuel-efficient vehicles has accelerated job growth throughout the U.S. auto industry, according to a recent report by a consortium of environmental advocates.
The U.S. has added 236,600 jobs in the industry since June 2009, and... Read More »
By Tami Luhby
NEW YORK -- Many jobless claims workers in the state of Michigan will soon be filing for unemployment themselves.
About 400 state workers who process unemployment claims are losing their jobs, thanks to Michigan's improving economy. Read More »
By Steven C. Johnson
NEW YORK, July 24 -- U.S. manufacturing this month expanded at its slowest pace since late 2010, hobbled by weak overseas demand for American goods, though a rise in domestic orders helped cushion the blow.
Financial information firm Markit said on Tuesday its U.S. "flash" manufacturing... Read More »
By Ken Thomas
WASHINGTON (AP) -- President Barack Obama hailed the rebound of the U.S. auto industry on Tuesday, trumpeting an economic story he hopes to use to his political advantage in key Rust Belt states such as Michigan and Ohio. In a not-so-veiled shot at Republican presidential front-runner Mitt... Read More »
By Tom Krisher
DETROIT (AP) -- After hitting a 30-year low in 2009, U.S. auto sales are poised for a second straight year of growth - the result of easier credit, low interest rates and pent-up demand for cars and trucks created by the Great Recession.
The sales forecast bodes well for the industry's... Read More »
By Dee-Ann Durbin and Tom Krisher
DETROIT -- Car buyers kept visiting dealerships in July, but not in big enough numbers to shake the auto industry's unease about its recovery.
Analysts predicted only a slight rise in U.S. sales of new cars and trucks for July. A lack of discounts and continuing shortages... Read More »
By Dee-Ann Durbin
DETROIT -- Volkswagen opened a plant in Tennessee last month with 2,000 workers. Honda is hiring 1,000 in Indiana to meet demand for its best-selling Civic. General Motors is looking for 2,500 in Detroit to build the Chevy Volt.
Two years after the end of the Great Recession, the auto... Read More »
Another sign that the U.S. auto industry is bouncing back is news that Ford Motor Co. is expected to announce, later today, that it will be hiring 7,000 employees over the next two years. That announcement, reports The Wall Street Journal, will likely come in Detroit at the North American International Auto... Read More »
The American auto industry created a middle class. That started, of course, with Henry Ford's $5 day. Brilliant at business, Ford knew his company would grow bigger and faster if his workers could afford to buy Model-Ts. Read More »