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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


Aug 19 2014
The Associated Press

Two auto companies and the United Way announced $200,000 in donations Monday to help Detroit residents pay overdue water bills after criticism about the city's aggressive shut-off policy.

Water shut-offs related to unpaid bills have been suspended since July 21 but will resume after Aug. 25.

The new Detroit Water Fund will pay up to 25 percent of an overdue bill. To qualify, a customer must owe $300 or more, pay at least 10 percent up front and meet other conditions, based on income.

Aug 18 2014
GM Authority

Following numerous teasers and leaked pictures, General Motors has officially announced that it will reveal its hotly-anticipated Buick Envision crossover on August 28th in Chengdu, China.
T
he compact CUV will slow in between Buick’s two existing crossovers — the subcompact Encore and the full-size Enclave. The Envision is expected to be the first vehicle to ride on GM’s new D2XX global vehicle architecture, with the CUV’s range-topping engine being none other than GM’s turbocharged 2.0-liter I4 (LTG) making 256 horsepower and 260 pound-feet of torque.

Aug 18 2014
Written by Michael Martinez | Posted on The Detroit News

Ford Motor Co. CEO Mark Fields got a little wet for a good cause on Friday.

The automaker’s top executive took the popular ALS Ice Bucket Challenge, a social media phenomenon that is raising money and awareness to help fight amyotrophic lateral sclerosis, also known as Lou Gehrig’s Disease.

As part of the challenge, participants are supposed to donate money as well as videotape themselves dumping a bucket of ice water over their heads. They’re then supposed to challenge other people to do the same.


 

Filed Under: Manufacturing Economy
Aug 18 2014
Chrysler Media Group

Scattered showers delayed the completion of eliminations rounds at the 33rd annual Lucas Oil National Hot Rod Association (NHRA) Nationals on Sunday until finally the race against darkness at Brainerd International Raceway, a facility without lighting to enable might racing, was lost. The decision was made by NHRA officials to postpone the Funny Car category final and Pro Stock class semifinals and final until the next scheduled event, the 60th annual U.S. Nationals set for Aug 27- Sept. 1, in Indianapolis.

Filed Under: Manufacturing Economy
Aug 18 2014
Written by Rachel Abbey McCafferty | Posted on Crain's Cleveland

Currency manipulation has a huge impact on manufacturers, says Bill Adler, president of Stripmatic Products Inc. in Cuyahoga Heights. Indeed, the past chairman of the Precision Metalforming Association thinks it's the biggest hurdle U.S. companies face when it comes to competing globally.

“We see and feel the direct impact of lost jobs, lost revenues because of unfair currency manipulation,” Adler said.