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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 24 2014
Written by David Shepardson | Posted on The Detroit News

General Motors Co. CEO Mary Barra said the move of the Detroit automaker’s Cadillac brand headquarters to New York will help accelerate progress at the luxury brand.

“When you look at how important Cadillac is, we need to have that team dedicated — thinking Cadillac day in and day out,” Barra told reporters after appearing on a panel at the Clinton Global Initiative’s annual meeting here. “When you think about New York, it’s the perfect place to be. It’s where a lot of luxury is defined. It’s trend-setting — so I think it’s going to be very, very positive.

Sep 24 2014
Written by Michael Wayland | Posted on The Detroit News

The 2015 Renegade is expected to be a gateway vehicle for the Jeep brand, according to Chrysler's design chief.

Ralph Gilles, Chrysler senior vice president of product design, said that after buyers experience the small sport-utility vehicle, they'll keep coming back to the Jeep brand.

"People will keep coming back once they get a taste of this thing," he said Tuesday morning during the Detroit Regional Chamber's 2014 MICHauto Summit in Detroit.

Sep 23 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co.'s Cadillac brand will open a headquarters in New York early next year, as it moves the global hub for its luxury brand away from Detroit.

The shift comes as Cadillac focuses on global growth and tries to establish a fresh identity in the luxury market. Currently, most of Cadillac's functions are part of the rest of GM, and its headquarters is at the Renaissance Center. Many Cadillac operations will stay at the GM Warren Tech Center.

Filed Under: Manufacturing Economy
Sep 22 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co.'s GMC brand said Friday it is offering a new 2015 Sierra Elevation Edition, a sporty pickup with special features such as a body colored grille and black-painted 20-inch wheels.

GMC said the special edition will be available at dealers later this year. Pricing has not yet been announced.

Sep 22 2014
Chrysler Media Group

SRT ® (Street and Racing Technology) Motorsports raced to a trio of victories in IMSA TUDOR United SportsCar Championship and Trans Am Series action on Saturday.

Dodge Viper SRTs captured the checkered flag in both the GTLM and GTD classes in the IMSA TUDOR United SportsCar Championship race at Texas’ Circuit of the Americas (COTA), while Cameron Lawrence gave SRT Motorsports its first Trans Am victory when he piloted a Dodge Challenger SRT to victory lane at Connecticut’s Lime Rock Park the same afternoon.

Filed Under: Manufacturing Economy