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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.

Feb 13 2014
Fox News

Had enough of this winter yet?

Next year might not be so bad…if you own a pickup.

Ford has announced at the Chicago Auto Show that it will be offering a snow plow prep package on the all-new 2015 F-150 when it goes on sale later this year.

Available on most 4x4 models equipped with the 5.0-liter V8 engine, the dealer installed package adds the wiring, cooling and other features needed to accommodate a plow up to 450 pounds.

Feb 12 2014
Written by Melissa Burden | Posted on The Detroit News

Cadillac hopes to grow by double-digit percentages this year globally and in the U.S. as it expands its footprint in China and adds new models to its American lineup.

General Motors Co.’s luxury brand sold nearly 251,000 vehicles last year as global sales jumped 28 percent and U.S. sales rose just shy of 22 percent.

Cadillac will launch three new or refreshed models in the U.S. this year: The 2014 ELR plug-in hybrid coupe is just getting into showrooms. The 2015 Escalade SUV will arrive in dealerships this spring. And the 2015 ATS Coupe arrives at dealerships this summer.

Feb 10 2014
Written by Mike Colias | Posted on Automotive News

General Motors CEO Mary Barra told analysts last week that GM is "riding a wave of new products" in North America as the company seeks to boost profitability and market share.

Charged with selling that fresh sheet metal are sales and marketing executive teams that are full of fresh faces after another round of executive turnover.

Filed Under: Manufacturing Economy
Feb 07 2014
Written by Mark Clothier | Posted on Bloomberg Businessweek

Ford Motor Co. (F:US) said it will oppose the Trans-Pacific Partnership if the trade agreement doesn’t limit a country’s ability to manipulate its currency.

The proposed pact “is not likely to generate any net benefits for American manufacturers if it does not address the critical issue of currency manipulation,” Joe Hinrichs, Ford’s president of the Americas, said in a Feb. 6 speech at the Chicago Auto Show.

Feb 07 2014
Financial Times

America's car industry has plenty to thank President Barack Obama for, but it's still unhappy with a flagship trade deal that the White House is negotiating.

The carmakers want the Trans-Pacific Partnership (TPP), a free trade agreement with 11 Pacific nations, to include provisions to stem what they claim is the deliberate weakening of the yen by the Japanese government, something they argue hands an unfair advantage to Japan's car manufacturers, writes the FT's Aaron Stanley.

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