You are here

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


Oct 01 2014
Ford Media Center

Consumers wanting to drive the future of trucks can get behind the wheel of the 2015 Ford F-150 – the toughest, smartest, most capable F-150 ever – in 38 markets across the United States beginning Oct. 13.

The tour will make stops in 38 major markets and run through Dec. 21. Truck customers can drive the all-new model on a short route with product experts along for the ride to explain the new innovations and answer questions.

Consumers can register and schedule their test drive at F150drive.com. Walk-up participation is encouraged.

Filed Under: Manufacturing Economy
Sep 30 2014
Written by Sean Syzmkowski | Posted on GM Authority

Before the Ford Mustang launched in 1964, executives at General Motors knew they were going to need another sports car other than the Corvair. It became clear when in ’64, 100,000 Ford Mustangs were sold in six months, and half a million by the end of the year. The Corvair on the other hand, was only moving 200,000 yearly. Thus, the Chevrolet Camaro was born. And on September 29, 1966, the first Camaros hit the road.

Filed Under: Manufacturing Economy
Sep 29 2014
Written by Len Bracken | Posted on Bloomberg BNA

Matt Blunt, president of the American Automotive POLICY Council (AAPC), which represents Ford, General Motors and Chrysler on trade policy issues, told Bloomberg BNA that it would be very difficult for USTR to reach an agreement with Japan.

Sep 26 2014
Ford Media Center

Ford, America’s truck leader, celebrates production of the 5-millionth Ford F-Series Super Duty next month.

For 15 years, Ford F-Series Super Duty pickup trucks and chassis cabs – from F-250 to F-550 – have rolled off the assembly line at Kentucky Truck Plant and into the hands of hardworking customers.

“Super Duty trucks are engineered to meet the needs of the toughest customers,” said Doug Scott, Ford Truck group marketing manager. “Their continued sales dominance with these demanding customers proves how hard they deliver.”   

Filed Under: Manufacturing Economy
Sep 26 2014
Chrysler Media Group

SRT (Street and Racing Technology) Motorsports claimed its first victory in the Trans Am Series at Lime Rock Park last Saturday and now enters Virginia International Raceway (VIR) with momentum for the 10th and penultimate race of the Trans Am Series season on Sunday, Sept. 28.

Cameron Lawrence piloted the No. 1 Dodge Challenger SRT to victory lane at Connecticut’s Lime Rock Park, marking the first Trans Am win for SRT Motorsports in the group’s third series race after Miller Racing began fielding Challengers in the TA2 class in August.

Filed Under: Manufacturing Economy