1.4.3: Manufacturing & Automobile Industry

Betting on American Manufacturing and the American Automobile Industry.

Other Information:

Thanks to President Obama's recovery program, American manufacturers are creating jobs for the first time since the 1990s, including more than 500,000 jobs since the beginning of 2010. Instead of cutting jobs or shipping them abroad, many American companies are now "insourcing," or bringing overseas jobs back home. President Obama and the Democrats boldly rescued America's auto industry, saving more than one million jobs, preventing the collapse of the industry's supply chain, and shoring up countless communities, while revitalizing the backbone of America's manufacturing sector. Mitt Romney thought the government's action would destroy the auto industry; he and Republican leaders opposed the support President Obama extended to rescue an iconic industry. All three of America's biggest auto manufacturers—Chrysler, GM, and Ford—are stronger today because of President Obama's decisive leadership. GM and Chrysler have repaid their outstanding loans years ahead of schedule, new American cars are inspiring pride, and the auto industry added more than 200,000 jobs in the last three years. At the same time, President Obama forged an agreement with American carmakers to nearly double fuel efficiency standards in the coming years, changes that will save a typical car owner more than $8,000 in fuel costs over the life of their vehicle and reduce American consumers' fuel costs by almost $2 trillion. Today American carmakers and auto workers are helping to drive a stronger recovery.

Stakeholder(s):

• Chrysler


• GM


• Ford


• American Carmakers


• Auto Workers

Indicator(s):

Indicator:1

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