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The U.S. auto industry has rebounded well from its near collapse during the financial crisis. Auto suppliers in particular have done well, increasing employment more than 50 percent since 2008. The U.S. auto supply chain, after all, employs some 1.5 million people: four times as many people as do U.S. auto manufacturers. The U.S. auto supply chain, after all, employs some 1.5 million people: four times as many people as do U.S. auto manufacturers. The failure of GM and Chrysler during the Great Recession would have decimated U.S. auto suppliers and in turn the U.S. auto sector.
collected by :Catlin Logan
The auto industry is vital to our national security interests
A healthy, progressive industrial sector developing military products and applications can only exist simultaneously with a healthy civilian industry. The only way to build and sustain a world-class military industry is to share costs with a civilian industry. Historically, the civilian and military motor vehicle industry have always been intertwined. A successful motor vehicles industry uses thousands of specialized parts. The vehicle industry continues to be vital for the health of the civilian economy too.Rebates protect Canada's auto industry from retaliatory tariffs
referring to They could protect the auto industry's supply contracts covering raw materials and parts, which often cross borders several times before a vehicle is finished. "That provision in the notice is overwhelmingly directed at the auto industry," said Jesse Goldman, a trade lawyer at Borden Ladner Gervais. The Canadian Vehicle Manufacturers' Association needs to do more analysis before commenting on whether drawbacks could protect his industry, President Mark Nantais said. Flavio Volpe, president of the Automotive Parts Manufacturers' Association, said some companies that make stainless steel parts or hardened steel tools in Canada could benefit. Volpe said just over half of Canadian-made auto parts are exported.collected by :Catlin Logan
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