That's a huge number of high wage jobs in a region still burdened with unemployment levels over 10 percent, and a big reason the Mitten State is projected to be a jobs winner is a shift in the competitive landscape. Ford and General Motors are making money in a down auto market and Chrysler was breaking even even before refreshing most of its vehicle lineup. CAR points out that the Detroit Three are also competitive on labor and legacy costs, quality and manufacturing efficiency, which frees up more money for product development.
CAR has reportedly been able to track at least $5.6 billion in announced projects in Michigan over the past 24 months, and the industry continues to recover from the Great Recession; a number that stands a good chance of increasing.
[Source: Detroit News | Image: M. Spencer Green/AFP/Getty]