*This is a guest post by our friends from Ford Blog Ford Car Talk!

Ford Motor’s Impact on the US Economy has always been huge. Since the Ford Model T came out in 1908 Ford has always influenced the US economy. Back in the early 1900’s it created thousands of jobs for people all across the country. In Detroit over ten percent of the economy is influenced by Ford and the auto industry.

Ford Motor’s Impact on the US Economy goes far deeper than just cars. Since several industries depend on companies like Ford, they can get greatly impacted as well. For example the steel industry and electronics industry’s get hit hard if anything happens to Ford. This is because they supply millions of stereos and speakers amongst other electronics for the cars. Even the steel industry gets affected because of all the metal used for the cars.

Ford Motor’s Impact on the US Economy has been greatly noticed over the last few years than ever before. For the first time since Ford was created exactly 100 years ago, Ford is in danger of closing its doors. Here is just a small idea of how much Ford Motor’s Impact on the US Economy has been. In January 2006 Ford announced it was lying off 30,000 workers. If that wasn’t a huge impact already they made another announcement to lay off another 30,000 workers and close 14 plants over the next six years.

With the layoff having a detrimental effect on several industries other than the auto industry, Ford Motor’s Impact on the US Economy hits hardest on the US workers.