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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 2013
Written by James Politi and Shawn Donnan | Posted on The Financial Times

A bipartisan majority of the US Senate demanded that US President Barack Obama address “currency manipulation” in trade negotiations with 12 Pacific nations, throwing up a potential roadblock as the talks approach their final stages.
 

Sep 24 2013
Written by Vicki Needham | Posted on The Hill

A majority of congressional lawmakers are pressing the Obama administration to crack down on currency manipulation as part of negotiations on an Asia-Pacific trade deal. 

Sep 24 2013
Fox News

Taxi of Tomorrow, meet the Taxi of the Future.

Confused? Time travel always does that.
 

Sep 23 2013
Ford Media Page

Ford, America’s commercial truck and van leader, introduces the all-new 2014 Transit Connect Taxi, providing best-in-class performance, low operating costs, and improved comfort and flexibility for the North American taxi market.

Sep 23 2013
GM Media Page

General Motors and seven of its facilities are being recognized by the Michigan Department of Environmental Quality for longtime support of environment-focused community collaboration. GM remains the leader for most Neighborhood Environmental Partner awards granted since the program began in 2005.
 

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