Hidden in the dismal news about unemployment and a possible double-dip recession are signs of recovery for an industry that once powered U.S. economic growth.
Labor Secretary Hilda Solis is a believer in the U.S. auto industry!
President Obama Shares His Vision for the Domestic Auto Industry
GM Adds Over 2000 New Jobs
Vice President Joe Biden delivers the Weekly Address, celebrating the success of the American auto industry in the wake of Chrysler paying back their loans.Weekly Address: Biden on the American Auto Comeback
With General Motors promising Tuesday to add or retain more than 4,000 jobs, the Detroit Three are gaining credence as job creators. In fact, they’re on course to return to the pre-crash employment levels of 2008.
General Motors Co. said production of its Chevrolet Volt will increase 33 percent from earlier plans, and the plant making the plug-in hybrid will shut down for four weeks to prepare for the increased output. About 16,000 Volts will be built this year and 60,000 in 2012, Detroit-based GM said today in a statement.
Three of Ford’s latest industry-exclusive technologies — rear inflatable seat belts, MyFord Touch and MyKey — took Gold at the internationally known 2011 Edison Best New Product Awards gala in New York.
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Robert Ficano, Wayne County Executive
The American Auto Industry is Back
The American Auto Industry is Back
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The American Auto Industry is Back
Chrysler paid back $7.6 billion in loans from the U.S. and Canadian governments last week. The repayment of loans and interest owed to the U.S. Treasury and Export Development Canada is a significant milestone in Chrysler’s methodical comeback from bankruptcy in 2009.
With average U.S. gasoline prices approaching $4 a gallon, drivers and automakers are thinking electric. Members of the U.S. Advanced Battery Consortium, which includes Chrysler, Ford and GM, realize that in-depth analysis of battery heat management issues help automakers troubleshoot thermal issues and engineer systems capable of maintaining batteries within the ideal temperature range.
After years of being outgunned by Japanese rivals, the American auto industry has made small cars a central part of its strategy, seeking to capitalize on a fundamental shift in the preferences of consumers in an era of fast-rising gas prices.
Shares and profits are up; sales are on the rise, and the Big Three seem to have emerged from the financial crisis intact and ready to move on. It’s not surprising that the Big Three are focusing for the most part on smaller vehicles, but they’re also redesigning tried-and-true favorites that earned Detroit its moniker, “The Motor City”.
