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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.

Dec 13 2013

Transatlantic Auto Industry Pushes for Progress on EU/US Trade Deal

Dec 12 2013
Written by Kevin Davis | Posted on Autotalk

Chrysler Group LLC announced that they will launch a new compact van for the North American market anytime in 2014 i.e. next year.

The new 2015 Ram ProMaster City will be based upon the Fiat Doblo, which is the winner of International Van of the Year award for two times.

Dec 11 2013
Chrysler Media Page

 Chrysler Group LLC's Mid-Atlantic Business Center (MABC) and more than 250 of its dealers are joining forces with the Marine Toys for Tots Foundation to make this holiday season brighter for many families.

Filed Under: Manufacturing Economy
Dec 11 2013
Ford Media Page

An independent survey published by KPMG ranks Ford among the 10 leading global companies for corporate responsibility reporting. KPMG’s sustainability survey adds to a wave of recognition for Ford’s sustainability commitment in 2013, a year that boasts record-breaking sales of electrified vehicles, significant reductions in water use across global operations and a broader integration of sustainable materials in all North American vehicles. For more information on Ford’s sustainability initiatives, please see Ford’s Blueprint for Sustainability.

Dec 11 2013
GM Media Page

Three General Motors vehicles – the Chevrolet Corvette Stingray, Silverado full-size pickup and Cadillac CTS sedan – were named finalists today for the prestigious North American Car and Truck of the Year awards, jurors announced at an Automotive Press Association luncheon.

The jury of 48 automotive journalists selected the car finalists from among 28 foreign and domestic contenders.

The Silverado was one of three finalists from 18 nominees in the Truck/Utilities category.  

Filed Under: Manufacturing Economy