Page 52 - Auto Sector News Today

Consumer is beginning to spend a little bit more. what is really exciting potentially for the auto sector comes tomorrow. expecting really big numbers in terms of how many cars are bought and the month of may could be a block buster month. 1.6 vehicles sold is expected. the annual rate could be somewhere in the region of 17.4 million vehicles. 22 cents added to the average price of a gallon of regular grade gasoline. $2.80 the lowest in the country if youre lucky enough to be in baton rouge, lou...

Cents a gallon at the pump over last christmas. weve now repaid taxpayers every dime and more of what my administration committed and the american auto industry is on track for its strongest year since 2005. thanks to the affordable care act, about 10 million americans have gained health insurance just this past year. >> thats all true. i mean, those are just facts hes listing more than high-sailing rhetoric. i know when you were at the white house, you werent specifically on the presidents appr...

I found it an interesting decision to sort of -- to retreat and drop the fight. i think its an acknowledgment that we are in an economic downturn and manufacturing sector particularly the auto sector is suffering the most. people want jobs. and in this case they want them more than union rights. >> public unions have taken a lot of hits recently. is this a big sign or is this just -- with the private union or just a blip? >> i dont think its a sign for private unions overall. we found thought ja...

I found it an interesting decision to sort of -- to retreat and drop the fight. i think its an acknowledgment that we are in an economic downturn and manufacturing sector particularly the auto sector is suffering the most. people want jobs. and in this case they want them more than union rights. >> public unions have taken a lot of hits recently. is this a big sign or is this just -- with the private union or just a blip? >> i dont think its a sign for private unions overall. we found thought ja...

I dont believe these numbers are bad enough to warrant the reversal. moreover, i think were going through a soft patch in what is a general strengthening of the recovery. once we get warm weather, watch for the housing sector then the auto sector and pickup trucks to hit up. i see us creating 200,000 jobs a month april, may, june and forward. >> let me say i hope pete ears right. i think hes got certainly others who believe that. one of the problems weve seen with this economy, its just been a h...

Saying that theyre going to come after our automobile parts industry. so what is our counter-strategy to that? i mean, theyre reacting to our recovery, are they not? >> they certainly are. and they see the united states successfully got our car companies, our workers back on their feet. the auto sector has created an outsized number of jobs. one out of every nine manufacturing jobs is related somehow to auto production. you pointed out the glass, the steel, all of that. >> yeah. >> the challenge...

That one comes out novemberth. let me show you where we were seeing ink he lings in hiring. in transportation it is warehousing 23,400 jobs creates, recovery in the auto sector. manufacturing, about 2,000 jobs created in the manufacturing sector. retail jobs, 20,800. some of these are auto dealer jobs, some of these are also home improvement and retailers like that is, showing some of the robust recovery weve been seeing so far in the housing market. again, it all remains to be seen what kind of...

Decline for decades. its not just about the automakers coming back. actually a lot of the auto plants and jobs are based outside of the city of detroit. this has been a result of corrupt politics for many, many decades. the city has gone from 1.8 million people to 700,000 today. many fewer people paying taxes. the city has an abysmal record at even collecting taxes. on top of that, you have the decline of the auto sector. even though its back, its not where it once was. the big deal is for city ...

It has been going on for decades. youve had a huge population decline, population down 63% in the past six decades, fewer people paying taxes, the decline of the auto sector, corrupt politics, wasted money. the governor issued this letter that just came out saying that he does not see any alternative for detroit other than to file for bankruptcy saying it the only reasonable choice at this point in time because the financial situation has gotten so dire in the city of detroit. he also, though, p...

During most of the presidents watch. i can hope and we do hope we wont be in recession for the the next fours years and able to cut down on that debt. >> consumer confidence is already in the toilet and people are already pulling back. >> neil: with all due respect-- >> with the housing recovery going on and auto sector had a good year, but one thing-- >> with the greatest respect to you adam, we all love you, all of us love you. >> yeah, we do. >> and we love you in every way. the. >> thank you...