US auto workers’ strike: What are the implications?

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Scale of operations

GM employs over 92,000 people in the United States according to its website, and delivered 2.3 million vehicles in the country in 2022 under the Chevrolet, Buick, GMC and Cadillac brands.

In 2022, its revenue rose by 23 per cent to US$157 billion, while its net income came in at US$9.9 billion.

Ford – founded 120 years ago – hires some 177,000 people including about 86,000 in the United States.

It manufactures the Ford brand including the F-150 pickup truck, which the company calls “America’s truck” because it is assembled entirely in the United States and has been the country’s most popular vehicle for more than four decades.

Meanwhile US-European auto giant Stellantis, whose brands include Jeep, Chrysler and Peugeot, has 264,000 staff globally.

In 2022, it posted profits of €16.8 billion (S$24.4 billion).

Foreign automakers

Apart from US carmakers, international automakers produced 4.4 million vehicles in the United States in 2022, according to Autos Drive America.

Their production volume has ballooned by over 85 per cent in more than two decades.

And this has brought their share of US production from 1 per cent in 1979 to 45 per cent in 2022.

Among global brands that have plants in America are BMW, Kia, Honda, Lexus, Volkswagen and Hyundai.

In 2022, international auto makers directly employed 156,000 US employees. AFP

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