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Showing posts with label detroit infographic. Show all posts
Showing posts with label detroit infographic. Show all posts

July 7, 2011

The Resurgence Of US Car Market

AutoI ndustryFinal2
Personal Finance Image from Mint.com

American Auto Industry InfoGraphic 2011 The White House


After record low sales figures just two years ago,  Auto numbers are on the rebound. To keep pace with demand, companies are having to hire hundreds -- in some cases, thousands -- of new employees.

Some of the biggest staff jumps have been seen at automakers like Honda, which hired an additional 1,000 workers in Indiana to crank out a steady supply of its sensible, fast-selling Civic. Volkswagen's highly anticipated factory in Tennessee recently opened its doors to built the Passat, and with it came a workforce of 2,000 employees.

Detroit is enjoying a boom, too. In fact, General Motors is hiring an additional 2,500 workers to help build the steady-selling Chevrolet Volt. And the company plans to bring on at least 1,500 more employees over the next year and a half.

In all, since the Chrysler/GM bailout fiasco of June 2009, the U.S. auto industry has hired roughly 77,000 workers. The sector's total number of employees now hovers near 700,000 -- nowhere near the highs of 1,000,000 last seen in 2007, but well up from 2009's low point of 623,000. And that's to say nothing of parts and manufacturing jobs, both of which have also seen steep increases in workforce numbers.

As of June 30, total light vehicle sales in the U.S. had hit 6,332,566 units -- 12.8% above last June's year-to-date total of 5,614,022 and roughly in keeping with the industry's 12% employment growth. Some analysts are predicting that U.S. sales will top 13,000,000 this year, up from 11,600,000 in 201

February 8, 2011

The Detroit Debacle : via Infographic

Detroit Infographic via From TIME 


Detroit Crime Stats.


The Motor City was the fifth largest city in America with a population of almost 1.9 million in 1950. The number of residents increased sharply from the 1920s when Henry Ford created the assembly line and set a wage of $5 a day. Workers streamed in from the deep South and other parts of the Midwest. The huge car companies became defense contractors during WWII. The auto industry grew abundantly after the war as the American middle class was created by an expanding economy built on the US’s ability to take its vast natural resources and turn them into finished products. During the 1960s, American car companies had nearly 90% of the domestic market, and GM had 50% to itself. Detroit’s demise began with the rise of Japanese imports in the 1970s. The Arab oil embargo increased the appetite of US consumers for high-mileage cars. The Big Three (Big Four before American Motors was bought by Chrysler) built products that were acceptable to consumers until they saw higher quality Japanese cars which began to flood the markets in great numbers in the 1980s. Detroit’s car manufacturing base was nearly destroyed, symbolized by the Chapter 11 filings of GM and Chrysler

The recent  economic woes has added to Detroit's falling charm .Nytimes in an article Back in 2009 quoted  The Detroit area housing market, already deeply depressed, has plummeted since the buyouts. In January, the foreclosure rate increased 102 percent from the same month a year earlier in Oakland County, Mich., home to a huge number of G.M. and Chrysler employees.
The state’s unemployment rate was 10.6 percent in December and continues to climb. Job fairs routinely create mob scenes, drawing thousands of out-of-work employees of the Big Three and their suppliers.