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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.

May 16 2014
Written by Mircea Panait | Posted on Auto Evolution

The heavily anticipated 200 isn't just Chrysler's last resort at making a proper mid-size luxury sedan. As it turns out, more than 17,000 people ordered the model in the first two days since it was launched, with 10,000 orders registered in the first 24 hours alone.

Laying the groundwork for the future of the Chrysler brand in the United States, the 200's order book opened on Thursday, May 8th, with much enthusiasm coming from consumers that want the best this segment offers.

May 15 2014
Chrysler Media

Chrysler brand reports 10,000 2015 Chrysler 200 vehicle orders were placed on the very first day vehicle orders were made available

More than 17,000 vehicle orders were placed in the first two days

20,000 initial orders of the 2015 Chrysler 200 allow for full capacity production through mid-July at the Sterling Heights (Mich.) Assembly Plant (SHAP)

May 09 2014
Written by Michael Wayland | Posted on M Live

 

Ford Motor Co. plans to buy back up to approximately 116 million shares of company stock worth about $1.8 billion.

The Dearborn-based automaker on Wednesday said its board of directors approved the repurchase ahead of Ford’s annual meeting Thursday in Delaware. The plan, according to officials, is expected to “help offset share dilution and help improve shareholder returns."

Filed Under: Manufacturing Economy
May 02 2014
GM News

LORDSTOWN, Ohio – General Motors is investing $50 million for a new flexible Trim Shop and upgrades to the Press Room at the Lordstown Complex for the next-generation Chevrolet Cruze compact sedan.

“This investment will enhance our customer responsiveness while providing our team with the tools and processes needed to be the best at building the next generation Cruze,” said Lordstown Plant Manager Bob Parcell.

Some construction work has begun at the complex. Chevrolet will announce timing of the next generation Cruze later.

May 01 2014
Written by Melissa Burden | Posted on The Detroit News

 

General Motors Co. said Wednesday it has started construction on a new facility for race engine design and development at its Global Powertrain headquarters in Pontiac, as the automaker works to bring together its North American powertrain engineering group for production as well as advanced and racing engines.

The automaker said the construction project also includes adding an electric motor lab to build prototype electric motors, and a gear center that supports designing and testing of gears in next-generation transmissions.

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