Another auto tech here. No layoffs in our shop yet, but there are talks of it if business keeps going down the crapper like it currently is. Out of the five techs, I'm thinking I'd be one of the last ones to go, but being that myself and another tech are the two highest paid in the shop, they might axe one of us first in a effort to save money. The corporate mindset is why pay a guy $25/hr when we can pay someone else $15/hr and (hopefully) get the same job done, for $10 less per hour. In the long run the savings to the company would be fairly large. Never mind the fact that alot of the younger lower paid guys in the auto industry couldn't fix a sandwich, corporate is looking only at cutting expenses and gross profit in the short term.
If I am one of the ones let go, I have a lift in my home garage and a steady flow of sidework, so I don't think I'd have trouble surviving.
While it's true they cant send your job to China, they can effectively bring China to your job. What I mean by that is they can lay off the higher paid employees and bring in a bunch of younger guys and pay them less money to do the same job you used to do. Also by using cheaper materials but charging the premium price they can stick even more money in their pockets, and give you the shaft at the same time. Think it doesn't happen? I see this every day. If you're union, you may have a fighting chance, but many of us in the auto repair industry aren't.