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 Christopher S. Rugaber and Tom Krisher
WASHINGTON (AP) -- The number of people seeking U.S. unemployment benefits plunged last week. But a big reason is that automakers have skipped some of their usual summer shutdowns to keep up with demand, causing fewer temporary auto layoffs.
Economists expect the... Read More »
By Elaine Kurtenbach
SHANGHAI -- Ford Motor Co. plans to build a $760 million auto assembly plant in the eastern Chinese city of Hangzhou, part of a doubling of its production capacity in the world's biggest vehicle market as it strives to catch up with rivals. Read More »
By Jeff Karoub
DETROIT -- General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort to hold down expenses, officials have announced.
The Detroit-based automaker said roughly 19,000 salaried... 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 Douglas A. McIntyre
Eleven American companies have laid off a total of nearly 600,000 people in the past two decades. Each also fired a large number of employees at one time to earn it a place among the largest corporate layoffs in modern American history.
According to information 24/7 Wall St. has... Read More »
By Tom Fisher and Dee-Ann Durbin
DETROIT (AP) -- Union workers at Ford Motor Co. overcame early opposition to a new four-year contract with the company and overwhelmingly approved the deal in voting that lasted two weeks. Read More »
By Bernie Woodall
(Reuters) - Workers at a key Ford Motor Co plant in Chicago overwhelmingly rejected a four-year contract proposed by the company and the United Auto Workers, a local union official said on Thursday. Read More »
By Dee-Ann Durbin and Tom Krisher
DETROIT (AP) -- The union that once set the gold standard for American wages is giving up pay raises in exchange for a piece of the auto industry's profits and the promise of thousands of new jobs.
Under agreements struck with Ford and General Motors, most of the... Read More »
By Tom Krisher and Dee-Ann Durbin
NEW YORK (AP) -- Ford Motor Co. and the United Auto Workers have come to terms on a new four-year contract that trades annual pay raises for profit sharing and a signing bonus and promises thousands of new jobs building cars and trucks.
Details weren't released, but the... Read More »
DETROIT (AP) -- The United Auto Workers may be nearing a tentative contract agreement with Ford.
The union has called leaders from factories across the nation to Detroit on Tuesday. That usually means a deal has been reached. Read More »
The Detroit Three have been steadily adding jobs in recent years as the nascent economic recovery has struggled to gain a foothold.
Now, with negotiations underway with the United Auto Workers for a new four-year contract, reports have surfaced that Ford Motor is seeking to add up to 10,000 jobs in the U.S.,... Read More »