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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.

From research labs to dealership lots, the auto sector supports over 7 million U.S. jobs.

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $712 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $108 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $17 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. FCA US, Ford and General Motors each invest more each year on research and development than Boeing, Apple and Hewlett-Packard– 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.

Market Share vs. Jobs Share vs. Parts Share


Sep 04 2014
Chrysler Media Group

Chrysler Group LLC today reported U.S. sales of 198,379 units, a 20 percent increase compared with sales in August 2013 (165,552 units), and the group’s best August sales since 2002.

Filed Under: Manufacturing Economy
Sep 04 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. said Wednesday that its 2015 Chevrolet Colorado and GMC Canyon will offer best-in-segment fuel economy for pickups powered by V-6 engines, with ratings three to five miles per gallon higher than competitors.

The company said its 305-horsepower, 3.6-liter V-6 paired with an six-speed automatic transmission will get 18 mpg city, 26 mpg highway and a combined 21 mpg in the two-wheel drive configuration. Four-wheel drive versions will get 17 mpg city, 24 mpg highway and 20 mpg combined.

 

Sep 02 2014
Chrysler Media Group

Never before has the Chrysler brand experienced such high levels of awareness and consideration. And, with the brand’s all-new flagship now available at dealerships, and with plans to unveil another important, thoroughly refreshed vehicle later this year, “America’s Import” is clearly on a roll.

Aug 29 2014
Written by Sam McEachern | Posted on GM Authority

Chevrolet will soon launch an all-new Chevrolet Cruze in North America based on the same D2XX global vehicle platform the new Cruze for China is. That car will have lots to live up to considering the tremendous success the current version of the compact car has been, with GM recently announced sales of the Cruze have topped 3 million since its launch in 2008.

Filed Under: Manufacturing Economy