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Thursday
Jul072011

Auto Industry Revving to Life

Comstock/Thinkstock(NEW YORK) -- From Volkswagen in Tennessee, Honda in Indiana, to GM in Detroit, new car factories are employing thousands of workers.

Two years after the end of the recession, the auto industry is seeing new life, hiring faster than the rest of the economy.

As a result of greater demand, the auto industry employment has increased by 12 percent since June 2010 and continues to grow. General Motors is hiring 2,500 employees in Detroit and Honda is looking for 1,000 in Indiana.

Analysts say the boom is significant as it indicates a rise in consumer confidence.

Copyright 2011 ABC News Radio


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