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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 16 2014
Written by Sam McEachern | Posted on GM Authority

The 2015 Cadillac CTS sedan has earned the highest possible five star overall safety rating from the National Highway Traffic Safety Administration, Edmunds reports. The 2015 model year CTS remains mostly unchanged from the 2014 model year vehicle, however it boasts a new front fascia with Cadillac’s new wreathless emblem and some additional options and amenities.

Filed Under: Manufacturing Economy
Dec 15 2014
Written by Larry P. Vellequette | Posted on Automotive News

Workers at Fiat Chrysler Automobiles' Toledo Assembly Complex are expected to stop their lines for a few minutes late this week to acknowledge something they've never done before: build over 500,000 Jeeps in one year.

Unprecedented global demand for the plant's two products -- the Jeep Wrangler and Jeep Cherokee -- transformed Toledo into the second busiest assembly plant in North America this year.

Toledo trails only Nissan's massive assembly complex in Smyrna, Tenn., which is on pace to produce about 25 percent more vehicles in 2014 than Toledo is.

Filed Under: Manufacturing Economy
Dec 11 2014
Ford Media Center

Ford Motor Company, marking the company’s Australian transformation and wave of stylish, innovative new products, will place its globally iconic Mustang centre stage at the world’s most spectacular New Year’s Eve event to punctuate a history-making year for the Blue Oval.

Filed Under: Manufacturing Economy
Dec 10 2014
Written by Brent Snavely | Posted on Detroit Free Press

Ford grabbed three of the six finalist spots for North American Car and Truck of the Year when they were announced today in Detroit.

The finalists, announced at the Automotive Press Association, for car of the year are: Ford Mustang, Hyundai Genesis and Volkswagen Golf and GTI.

The finalists for truck of year are: Ford F-150, Chevrolet Colorado and Lincoln MKC. Last year, Ford was shut out of the awards and did not have any finalists.

Filed Under: Manufacturing Economy
Dec 09 2014
Written by Sam McEachern | Posted on GM Authority

The 2015 Chevrolet Tahoe and Corvette Stingray have been named Auto 123’s Car of the Year in their respective categories. The Tahoe received the “2015 Full-Size Utility of the Year” award, with the Corvette being recognized as the “2015 Convertible of the Year.”

The awards are chosen by a judging panel of automotive journalists, who rate cars in 20 different vehicle segments. This year marked the sixth ever Auto 123 Awards, which are presented to winning automakers in Toronto, Ontario.

Filed Under: Manufacturing Economy