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collected by :John Max
DENVER – The automotive industry is looking for new skilled technicians in the Denver metro area, and you might not even have to go back to school for it. But some in the industry are singing the praises of being an auto tech, saying the benefits can last an entire career. He told Denver 7, there is an extreme shortage in workers and that is driving the cost of homes up. The industry says there aren't enough young people entering its workforce and that many employees have lately been retiring or are being promoted, which has created a huge shortage of auto techs. And on a widespread level, he felt the impacts of President Trump's immigration policy are hitting the industry hard.
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read more visit us industry
DENVER – The automotive industry is looking for new skilled technicians in the Denver metro area, and you might not even have to go back to school for it. But some in the industry are singing the praises of being an auto tech, saying the benefits can last an entire career. He told Denver 7, there is an extreme shortage in workers and that is driving the cost of homes up. The industry says there aren't enough young people entering its workforce and that many employees have lately been retiring or are being promoted, which has created a huge shortage of auto techs. And on a widespread level, he felt the impacts of President Trump's immigration policy are hitting the industry hard.
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Tariff, trade balancing act plays out with Chinese automotive industry
Further, U.S. automakers that manufacture in China are legally required to form joint ventures with Chinese companies, ensuring foreign ownership rates of 50% or more. The auto industry is a good place to start, as there is a heavy trade imbalance for both completed cars as well as auto parts. However, the auto parts industry holds more promise, as Chinese companies such as glassmaker Fuyao has already set up shop in Ohio to serve the domestic markets. Leverage is a valuable thing, but precarious too, as Trump seeks to balance competing economics while guarding his pledge to help American companies first. By contrast, the U.S. tariff rate for Chinese cars is 2.5% while foreign car companies within the U.S. own all aspects of their manufacturing and sales.read more visit us industry
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