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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.

Sep 29 2014
Written by Len Bracken | Posted on Bloomberg BNA

Matt Blunt, president of the American Automotive POLICY Council (AAPC), which represents Ford, General Motors and Chrysler on trade policy issues, told Bloomberg BNA that it would be very difficult for USTR to reach an agreement with Japan.

Sep 26 2014
Ford Media Center

Ford, America’s truck leader, celebrates production of the 5-millionth Ford F-Series Super Duty next month.

For 15 years, Ford F-Series Super Duty pickup trucks and chassis cabs – from F-250 to F-550 – have rolled off the assembly line at Kentucky Truck Plant and into the hands of hardworking customers.

“Super Duty trucks are engineered to meet the needs of the toughest customers,” said Doug Scott, Ford Truck group marketing manager. “Their continued sales dominance with these demanding customers proves how hard they deliver.”   

Filed Under: Manufacturing Economy
Sep 26 2014
Chrysler Media Group

SRT (Street and Racing Technology) Motorsports claimed its first victory in the Trans Am Series at Lime Rock Park last Saturday and now enters Virginia International Raceway (VIR) with momentum for the 10th and penultimate race of the Trans Am Series season on Sunday, Sept. 28.

Cameron Lawrence piloted the No. 1 Dodge Challenger SRT to victory lane at Connecticut’s Lime Rock Park, marking the first Trans Am win for SRT Motorsports in the group’s third series race after Miller Racing began fielding Challengers in the TA2 class in August.

Filed Under: Manufacturing Economy
Sep 25 2014
Chrysler Media Group

With sales of the Ram 1500 on a 52-month sales streak, Chrysler Group’s Warren Truck Assembly Plant (Mich.) is increasing production. The plant that built back-to-back Motor Trend Truck of the Year winners in 2013 and 2014 will be building an average of an additional 100 vehicles a day or 38,565 more trucks a year to keep up with demand.

Filed Under: Manufacturing Economy
Sep 25 2014
Written by Madeline O’Leary | Posted on Bloomberg

Ford Motor Co. (F), the second-biggest automaker in the U.S., hired more than 14,000 domestic workers since 2011, exceeding a pledge it made three years ago that it would recruit 12,000 by 2015.

In its latest hiring round, Ford is adding 1,200 more jobs at its Kansas City Assembly Plant where increased demand for the Transit cargo van and the Ford F-150 truck brought 2,800 new hires in 2012 and 2013.