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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 07 2014
Written by Chris Woodyard | Posted on USA Today

Chrysler Group's Ram truck division today is celebrating its 25-year association with Cummins, maker of heavy-duty diesels that once were best known for their use in semi-tractor rigs.

Few marriages could remain this strong on their silver anniversary. Ram says 85% of its heavy-duty pickups are ordered with Cummins diesel engines.

"Ram and Cummins are names synonymous with power, quality and durability. We've enjoyed a successful relationship and remained leaders in the diesel pickup market for 25 years," said Reid Bigland, CEO of Ram, in a statement.

Feb 06 2014
Written by Edward A. Sanchez | Posted on Truck Trend

Chrysler as a whole has had a healthy 2013, and a large part of the company's success can be directly attributed to its Ram truck brand. Sales of the Ram pickups have shown a double-digit year over year increase almost every month of the year in 2013, and demand is so strong for the trucks, that the prospect of a third truck plant is reportedly being considered, according to Automotive News.

Feb 05 2014
Written by Vince Bond Jr. | Posted on Automotive News

Ford Motor Co., with demand for its Super Duty pickups on the rise, plans to boost production capacity of the trucks 15 percent at its Kentucky Truck plant in Louisville.

When completed, the $80 million expansion will enable Ford to produce an additional 55,000 units a year, the company said.

The plant builds the Ford F-250, F-350, F-450 and F-550 Super Duty pickups, along with the Ford Expedition and Lincoln Navigator SUVs.

Feb 04 2014
Written by KTVI | Posted on Fox 2 Now

The General Motors plant in Wentzville is hiring. The chairman of the United Auto Workers Union says the plant is hiring between 35 to 50 workers a week and it will continue to over the next few months.

 

Feb 04 2014
Ford News

DEARBORN, Mich., Feb. 3, 2014 – Ford Motor Company January sales of 154,644 total vehicles are down 7 percent from a year ago, while retail sales of 113,721 vehicles are off 5 percent. Ford Mustang and Lincoln brand vehicles posted gains in the first month of 2014.

Filed Under: Manufacturing Economy

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