KPMG says U.S. Auto Companies will Add Employees and Expand Facilities in 2012, Big4.com Reports

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Slowdown in European vehicle sales predicted to linger for at least another 18 months

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that U.S. auto executives expect to add domestic employees and expand facilities in the coming year, according to a recent survey by KPMG.
Big4.com reports that two-thirds say they’ve added personnel over the last year, and nearly three-quarters (72 percent) say their companies will continue to hire more domestic employees in the coming year. Those numbers are up significantly from 62 percent in KPMG’s 2011 survey.
Gary Silberg, national automotive industry leader for KPMG LLP comments about the emerging confidence the sector is showing.
“Even though the overall economic recovery remains weak, that is not the case in automotive where pent-up demand for vehicles in the U.S. is expected to carry over for years. As a result, auto companies and suppliers are ramping up their hiring and production activities, and investing heavily in new products and facility expansion.”
Big4.com also notes that executives indicate the key drivers behind the M&A activity over the next year will be access to new markets and customers, and access to new technologies and products.

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Kristy Short
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