Auto Industry’s Impact on Households The automotive industry is an essential piece to the economy of the United States. Currently, there are about 850,000 manufacturing workers and 1.8 million auto dealership workers that are employed in the automotive industry today (Amadeo). This industry was and continues to be negatively impacted by the recession that has plagued our nation’s economy since 2008. Unemployment has been one of the biggest issues in the auto industry, along with the negative
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Riordan Manufacturing is an international manufacturer of plastics and is currently make its mark on the industry as an industry leader. Currently Riordan Manufacturing has four locations that all serve different purposes in the company. Riordan Manufacturing has locations in Albany, Georgia, Pontiac, Michigan, Hangzhou, China and the corporate headquarters in San Jose, California. Riordan Manufacturing uses a Wide Area Network (WAN) that allow the three locations to be connected to the corporate
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compare and contrast the organizational changes in the two publically traded companies of General Motors (GM) and Ford. The North American companies were both founded in the state of Michigan. General Motors Corporation (now known as General Motors Company) was founded in the year 1908 by William C. Durant in Michigan. Ford Motor Company was founded in June of 1903 by Henry Ford. Only GM received federal assistance from the US government’s treasury department (Klier & Rubenstien, 2012). The
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Law/531 January 9, 2012 Ayodeji Badaki Riordan Corporate Compliance Plan As an international plastics manufacturer employing 550 workers and $46 million in projected annual revenues, Riordan Manufacturing Corporation is focused providing customer product solutions and promoting a climate that focuses on the long term viability of the company. An important part of providing customer product solutions is being able to establish long term relationships with clients. This means that the company
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services for its residents and businesses, city of Detroit will regain its role in the economic vitality of Michigan. The economy of Detroit plays a key role in the economic development of Michigan. City of Detroit is known as the Motor City for the innovations in the auto industry but also for its goal diversifications into emerging fields such as information technology and advanced manufacturing. Encouraging advantage are the different tax incentive programs that city of Detroit offers. For example
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Christophe General Motors General Motors Corporation (GM) is the world's largest full-line vehicle manufacturer and marketer. Its brands include Chevrolet, GMC, Buick, Cadillac, Saturn, Hummer, Saab and Pontiac, which was discontinued in 2009. Opel, Vauxhall, and Holden comprise GM's international nameplates. GM system of global alliances, GM holds stakes in Isuzu Motors Ltd., Fuji Heavy Industries Ltd., Suzuki Motor Corporation, Fiat Auto, and GM Daewoo Auto & Technology. Other principal
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Riordan Manufacturing Riordan Manufacturing Corporation consists of four locations. The corporate office in San Jose, California, specializes in research and development. Riordan has three production plants, Pontiac MI with 130 employees, Albany, Ga. with 45 employees, and a foreign joint venture in China with 250 employees. Riordan has specific needs concerning management of its accounting and financial information. The objective of a good financial statement for the company is to provide information
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Motors Corporation, also known, as GM or GMC is the world’s 2nd largest auto company in sales revenue behind Toyota which took the lead in 2006. General Motors reigned as the global leader in the automobile industry for the last 76 years, which was longer than any other automaker. Today, Richard Wagoner, Jr., GM Chairman and CEO currently runs GM, which was founded in 1908. GM today employs approximately 324,000 people around the world, with their global headquarters in Detroit Michigan. Their
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Report of General Motors FOR THE Corporation Fiscal Year ended December 31, 1918. GENERAL MOTORS Board CORPORATI0.N of Directors F.W. HOHENSEE L.G. KAUFMAN J.H. MCCLEMENT R.S. MCLAUGHLIN C. S. MOTT J.J. RASKOB A. P. SLOAN, JR. EDWARD VERLINDEN II;‘. w. TiVARNER PIERRE S. DUPONT, Chairman A.G. W.P. R.H. W. L. H.F. BISHOP CHRYSLER COLLINS DAY DUPONT IRENEEDUPONT LA~IMOTDUPONT W.C. DURANT J.A. HASKELL Finance DUPONT Committee LAZVIRIOT DUPONT J. J.
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to implement a widespread corporate restructuring initiative to help alleviate company debt as a result of rising costs of employee healthcare, benefits, and pensions. Such a plan includes the closure of over a dozen North American plants and manufacturing lines, as well as making substantial job cuts. This three-year endeavor is necessary in keeping General Motors in line with competitors. General Motors is struggling to keep up with its competition in hybrid technology. In order to become a major
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