Manufacturing Economy

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $706 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $104 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 17 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, seven 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 IBM, Qualcomm, and General Electric – 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 auto supplier.

Market Share vs. Jobs Share vs. Parts Share


  • Feb 08 2016

    Buick Shows Off Cascada In Super Bowl 50 Wedding Ad

    Written by Michael Wayland | Posted on The Detroit News

    General Motors Co. introduced the new Buick Cascada to America during Super Bowl 50 with the help of two celebrities and a wedding.

    The 30-second spot featured New York Giants wide receiver Odell Beckham Jr. and actress/model Emily Ratajkowski attending a wedding, where the bride and groom drove off in the two-door convertible, which is arriving in dealerships.

    During the ad, Ratajkowski makes a diving catch for the bride’s bouquet of flowers, and tosses it to Beckham. Wedding attendees then talk about how she “Odell-ed it.”

    Filed Under: Manufacturing Economy
  • Feb 08 2016

    Fiat Chrysler Salutes Jeep History In Super Bowl 50 Ads

    Written by Michael Wayland | Posted on The Detroit News

    Fiat Chrysler Automobiles NV doubled-down on Jeep for its two Super Bowl 50 commercials.

    Both ads focused on the importance of the sport utility brand as it celebrates its 75th anniversary this year and continues to expand globally.

    Filed Under: Manufacturing Economy
  • Feb 05 2016

    This Unlikely Vehicle Is One Of Ford's Best Weapons In Its US Sales War

    Written by William Fierman | Posted on Business Insider

    Along with the Mustang muscle cars and GT supercars we expect to see cited in Ford press releases, one unusual vehicle keeps popping up.

    It's a van. Yes, a van.

    Specifically, it's the Transit Connect, an unconventional-looking minivan that just helped Ford post its best January van sales since 1985.

    In the midst of a record-setting year for the Blue Oval and most of the car industry, Ford can thank the Transit Connect for capturing a 69% share of the small-commercial-van market.

    Filed Under: Manufacturing Economy
  • Feb 05 2016

    Cool It Now: Chrysler 300S And 200S Alloy Editions Are New Additions

    Written by Davey G. Johnson | Posted on Car And Driver

    The 200 may be going the way of the dodo, but that doesn’t mean Chrysler’s not going to squeeze some more life out of its mid-size backmarker. Along with the beefcake 300, the 200 is getting the appearance-package treatment. This one’s called Alloy. As one might expect, it’s metallic in nature.

    Filed Under: Manufacturing Economy
  • Feb 05 2016

    Record Profit-Sharing Checks For General Motors

    Written by WSYM Staff | Posted on WSYM FOX

    Workers at General Motors are getting a nice pat on the back for a job well done. Each hourly worker could see up to $11,000 from GM's profit-sharing agreement with the United Auto Workers union.

    For the 4th quarter, GM made $6.3 billion and as part of the union agreement the auto company has to give some of the profit to the 2015 union workers.

    Filed Under: Manufacturing Economy