Efficient U.S. factories compete with China's cheap labor
America is the new manufacturing magnet -- for American and Chinese automotive investors. What counts are total manufacturing costs, and America is starting to look very competitive. China’s manufacturing cost advantage over the United States has shrunk to just 1 percent, according to a study by the Boston Consulting Group published this year. What’s going on here? America’s higher levels of automation and lower input costs (such as electricity) have triggered dramatically better productivity. UAW wage concessions are playing a role, too.
Alabama Auto Sector Primed for Growth With $1 Billion in New Investment
Alabama’s auto industry continues to thrive, racking up new jobs and investments in communities across the state. Last year, there were at least 68 auto projects, for an estimated total of 3,848 jobs and $907.1 million in new capital investment. New projects announced this year push that total past $1 billion and add hundreds of more jobs.