It's been more than three years since the U.S. automobile industry nearly collapsed. A controversial federal bailout, an increase in consumer demand, and a growing interest in environmentally friendly fuel-efficient vehicles and related technologies have combined to help create a remarkable recovery. Total U.S. sales of light vehicles in 2012 are…

The U.S. automotive industry has always been a cyclical business, but its near-collapse in 2008-09 and the subsequent bankruptcy of two of the three largest domestic automakers was more than a cyclical downturn. As light vehicle sales and production slowly recover, the industry has started to hire again, though with caution. In an industry known…