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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.

From research labs to dealership lots, the auto sector supports over 7 million U.S. jobs.

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $712 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $108 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $17 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. FCA US, Ford and General Motors each invest more each year on research and development than Boeing, Apple and Hewlett-Packard– 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.

Market Share vs. Jobs Share vs. Parts Share


May 21 2015
Written by Mark Phelan | Posted on Detroit Free Press

You'd have a hard time proving the **** 2015 Chevrolet Corvette ZO6 convertible isn't the best sports car on Earth.

With 0-60 m.p.h. times as low as of 2.95 seconds — quicker than the moment between your phone's first and second rings — it'd be easy to call the ZO6 scary fast, but there's nothing remotely frightening about Chevrolet's 650-horsepower supercar.

Sure, the Corvette ZO6 is the most powerful Corvette ever, but it's also a great value, remarkably fuel-efficient and so easy to drive you may forget you're at the wheel of one of the world's great cars.

Filed Under: Manufacturing Economy
May 19 2015
Written by Patrick Rall | Posted on Torque News

The 2015 Lincoln Navigator is a rarity in the modern American auto industry as one of the few big SUVs still using the truck-like body-on-frame architecture, but that relatively old school design leads to a full sized SUV that has as much interior space and as many luxury amenities as any SUV in America – while still offering truck-like capabilities that make this high class rig a serious work horse.

Filed Under: Manufacturing Economy
May 19 2015
Chrysler Media Group

Kelley Blue Book’s KBB.com (www.kbb.com) named the 2015 Jeep® Renegade and 2015 Fiat 500 as picks for this year’s "10 Coolest New Cars Under $18,000."

Filed Under: Manufacturing Economy
May 18 2015
Ford Media Center

For the second straight year, Ford Fiesta has been named to kbb.com’s list of its 10 Coolest Cars Under $18,000. Two criteria – being fun to drive and fun to own – are critical to what the editors say is a very subjective “cool factor,” the No. 1 attribute a vehicle must have to make the list. The 2015 Ford Fiesta continues to run at the head of the small-car pack with style, personality and a dazzling array of features and technologies that prove small is smart. Click here for more on the kbb.com award.

Filed Under: Manufacturing Economy
May 18 2015
Chrysler Media Group

Following up on his title win at the NHRA Spring Nationals in Houston three weeks ago, Don Schumacher Racing (DSR) pilot Ron Capps drove his new 2015 Dodge Charger R/T to a runner-up finish at this weekend’s NHRA Southern Nationals at Atlanta Dragway.

Filed Under: Manufacturing Economy