Forecast: Auto Industry To Add 88000 Positions Source: Lansing State Journal More than repaying taxpayer loans, increased sales or profits, hiring will be the most credible evidence automakers are recovering. Two respected sources foresee the industry adding about 88000 jobs. President Obama stated the auto industry bailout was paid off President Barack Obama said that the bailouts that the government funded for the American automotive industry ... Read More

The Collapse of the Auto Industry – Are Unions to Blame? According to the Indianapolis Star, in the year ending 2007, the average base wage for a GM blue-collar employee, was just under $28 an hour. GM officials. Auto industry concerned by price hike in iron ore The European automobile industry is very concerned by the sudden and massive increase in the price of iron ore, a crucial ... Read More

With the help of a venture-capital firm created by its government, the struggling auto industry of Sweden will get a bit of a boost by launching several investments this year to secure financing from private-equity groups. In an interview with Business Week, Fouriertransform AB chief executive officer Per Nordberg admitted that more than 50 companies have already come to them looking for money. He added that the company already made its ... Read More

Watch this video that tries to explain why General Motor's bankruptcy could have caused the whole auto industry. ... Read More

After suffering a huige slump in many years, the auto industry is finally bouncing back from the recession as it posted its highest monthly sales last January, thanks mostly to a revived market in India. According to the Society of Indian Automobile Manufacturers, the total sales in the domestic market jumped to nearly 45 per cent since last year, selling 11.14 lakhs units last January compared to last year's 7.69 lakhs ... Read More