ABC News: The Auto Industry Is On The Way Back! New Jobs

Do American Brand Cars Create More American JobsDecember 16, 2013 – ABC’s World News Tonight with Diane Sawyer reported that there is hopeful news for the American economy in the form of a comeback of the automobile industry. General Motors, the number one US Automaker, will pump over a billion dollars into plants here in the United States. ABC’s David Muir tells us that the head of GM made the case that the taxpayer bailout has made possible today a comeback of the American auto industry in the way of a major investment of more than $1.3 billion in five US factories in American cities that have been hurting. Ford also has good news.The report stated that GM will invest about $600 million in a factory in Flint Michigan as well as investing in other factories in Romulus, Michigan; Toledo, Ohio;  Bedford, Indiana; and Detroit, Michigan. Those factories employing about 7500 people, will save and create about 1000 new jobs with this new investment.

Ford manufacturing has also revealed that it plans to hire about 5000 new workers in the new year with about 3300 of these new jobs in engineering and production. Ford has been eyeing more of the global market such as in Asia.  ABC News saw firsthand Ford vehicles, built by American workers in Kentucky and Michigan arriving in Mexico City by train, a 92% increase in just three years. Ford revealed that it sells a Ford truck F– 150 every 42 seconds! Next year Ford will be launching about 16 new models including a new design of the F-1 50 and the Ford Mustang.

David Muir noted that the General Motors CEO stated with regard to the argument if the US bailout worked, that even though taxpayers lost billions of dollars in the deal, the lost tax revenue and unemployment would have been far worse and that these new investments are proof that GM is back

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