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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.

Nov 05 2013
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. on Monday revealed nine Chevrolet performance concepts and six SUV and truck concepts a day ahead of the Specialty Equipment Market Association (SEMA) Show in Las Vegas, including a new 2014 COPO Camaro production drag-racing model that will be limited to just 69 cars.

Nov 05 2013
WILX 10

The General Motors Foundation is giving $150,000 to Mothers Against Drunk Driving.

The donation is to go toward expanding prevention education initiatives and providing support services to victims of drunk-driving crashes and their families.

MADD National President Jan Withers says the GM Foundation's contribution will help her group "serve more drunk-driving victims and prevent underage drinking."

Filed Under: Manufacturing Economy
Nov 05 2013
Written by Daniel Miller | Posted on The Motley Fool

Ford researchers are experimenting with vehicles that produce as much as 250 gigabytes of data per hour, which the company believes it can use to strengthen its business and reduce environmental impact.

"There are so many amazing possibilities to consider for the future impact of data," said John Viera, global director of sustainability and vehicle environmental matters, in a press release touting the company's efforts to use Big Data to "stay green." "The possibilities are not only exciting, they are, in fact, almost endless," Viera said.

Nov 04 2013
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. will show a Chevrolet Silverado Cheyenne concept truck Monday at the Specialty Equipment Market Association (SEMA) Show in Las Vegas that features a lightweight carbon fiber truck bed and several parts from the yet-to-be-released 2014 Chevrolet Camaro Z/28.

Chevrolet earlier this year launched a new 2014 Silverado pickup and is expected to showcase several truck concepts at the trade-only show.

Filed Under: Manufacturing Economy
Nov 04 2013
Written by Kyle Stock | Posted on Bloomberg Businessweek

Smarmy newsman Ron Burgundy looks like he crawled off a car lot. As it turns out, the reprised Will Ferrell character from Anchorman might actually be able to sell a car. Chrysler (3318058z) reported an 11 percent increase in vehicle sales last month, with sales of Durangos up 59 percent. That’s the SUV at the center of most of the ads starring Ferrell as Burgundy—which made its debut at the beginning of October.

Filed Under: Manufacturing Economy

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