The changing auto industry

Article in the New York Times about the "foreign" auto industry in the U.S.

In other industries, American manufacturers have been some of the most avid investors abroad. But in the case of the auto industry, the competition has been brought right to Detroit's doorstep as the strongest foreign companies are moving to states eager for their investments, most of them in the Deep South, and hiring workers seeking the stability that home-grown companies can no longer offer.

As a result, a quarter of all cars and trucks built in the United States are now made in factories owned by foreign automakers producing foreign brands, up from 18 percent in 2000. The assembly plants alone employ nearly 60,000 people, and that number continues to grow.

The employment at the American companies still dwarfs that of the newcomers. Automakers in Detroit employ four times the hourly workers - 250,000 - but that number is continuing to fall. Already, G.M. has announced that it plans to cut 25,000 of those workers by 2008.

Along the same lines, BMW recently announced that one of its new models that are in the works will be produced here in the Upstate.

Posted by Chip on June 22, 2005 at 05:49 AM
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