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Manufacturing Economy

From research labs to dealership lots, the auto sector supports nearly 8 million U.S. jobs.

Exports. The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported nearly $600 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $74 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $20 billion.

Raw Materials and Parts. The U.S. auto industry is one of the largest consumers of domestic raw materials and parts. Last year, automakers sold nearly 13 million cars in the U.S., and each contained between 8,000 to 12,000 parts, using more than 3,000 pounds of iron, steel, rubber, glass and semiconductors. Approximately 686,000 Americans work at the plants, offices and research labs that produce those parts and materials.

American Research & Development. Designing those 8,000 to 12,000 auto parts and helping put them together makes autos among the most engineering-intensive industries in the world. In fact, eight out of the world’s top 25 corporate investors in research and development are automakers. GM and Ford each invest more each year on research and development than Boeing, Amgen and Google – and 80 cents of every dollar they invest in research and development is spent here in the U.S. Thanks largely to this investment, nearly one in 10 engineers and scientists in private sector R&D work for an automaker or supplier.

Apr 18 2014
Written by Aaron Bragman | Posted on USA Today

 

Ford would like you to know that the Focus is the best-selling compact car in the world, and it's not difficult to see why it's popular. The Focus always has been stylish, and adding in its European-style tight handling and excellent interior materials means that there's a definite appeal to the compact sedan and hatchback. Ford showed off the latest 2015 Focus at the 2014 Geneva International Motor Show last month, but now it's time to see the sedan version, which is more popular in the U.S.

Apr 17 2014
Written by Gerry Edgerton | Posted on CBS News
General Motors ( GM) is bringing a subcompact SUV into the U.S. market to compete in the burgeoning segment against established models like the Kia Soul and other new ones like the just-introduced Jeep Renegade. The new Chevrolet Trax was displayed for the press at the start of the annual New York International Auto Show.
 
GM CEO Mary Barra, speaking briefly at the presentation, emphasized that the Trax is part of new and redesigned models Chevrolet is bringing to market. Already sold in 60 other countries, the Trax will reach dealers' lots here early next year.
Filed Under: Manufacturing Economy
Apr 08 2014
For Immediate Release:
April 08, 2014
Contact: Colin Dunn
(202) 400 - 2609
Mar 19 2014
Written by Anita Lienert | Posted on Edmunds

Production of the 2015 Chrysler 200 kicked off on Friday, with workers reciting a pledge to improve morale and quality inside the plant.

The 2015 Chrysler 200 arrives at dealerships in late spring. The Chrysler 200 starts at $22,695, including a $995 destination charge.

The automaker has invested nearly $1 billion in the Michigan factory that builds the midsize sedan and added 800 jobs to support production.

Filed Under: Manufacturing Economy
Feb 20 2014
Written by PR Newswire | Posted on The Sacramento Bee

AUBURN HILLS, Mich., Feb. 19, 2014 -

Filed Under: Manufacturing Economy

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