Sign of a comeback: US carmakers are hiring
Now steadily rising auto sales and two-tier wage concessions from labour have spurred a wave of new manufacturing investments and hiring by the three Detroit automakers in the US. The latest development occurred on Thursday, when Ford said it was adding 450 jobs and expanding what had been a beleaguered engine plant in Ohio to feed the growing demand for more fuel-efficient cars and SUVís in the American market.
Ford, the nationís second-largest automaker after GM, said it would spend $200 million to renovate its Cleveland engine plant to produce small, turbocharged engines used in its top-selling models. Ford plans to centralise production of its two-litre EcoBoost engine ó used in popular models like the Fusion sedan and Explorer SUV ó at the Cleveland facility by the end of next year. Its move to expand production in the US is yet another tangible sign of recovery among the Detroit auto companies. Industrywide sales in the US are expected to top 15 million vehicles this year after sinking beneath 11 million in 2009.
Last month, GM announced plans to invest $600 million in its assembly
Be the first to comment.