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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.

Sep 23 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co.'s Cadillac brand will open a headquarters in New York early next year, as it moves the global hub for its luxury brand away from Detroit.

The shift comes as Cadillac focuses on global growth and tries to establish a fresh identity in the luxury market. Currently, most of Cadillac's functions are part of the rest of GM, and its headquarters is at the Renaissance Center. Many Cadillac operations will stay at the GM Warren Tech Center.

Filed Under: Manufacturing Economy
Sep 22 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co.'s GMC brand said Friday it is offering a new 2015 Sierra Elevation Edition, a sporty pickup with special features such as a body colored grille and black-painted 20-inch wheels.

GMC said the special edition will be available at dealers later this year. Pricing has not yet been announced.
 

Sep 22 2014
Chrysler Media Group

SRT ® (Street and Racing Technology) Motorsports raced to a trio of victories in IMSA TUDOR United SportsCar Championship and Trans Am Series action on Saturday.

Dodge Viper SRTs captured the checkered flag in both the GTLM and GTD classes in the IMSA TUDOR United SportsCar Championship race at Texas’ Circuit of the Americas (COTA), while Cameron Lawrence gave SRT Motorsports its first Trans Am victory when he piloted a Dodge Challenger SRT to victory lane at Connecticut’s Lime Rock Park the same afternoon.

Filed Under: Manufacturing Economy
Sep 19 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. will build a new, top-of-the-range Cadillac car — bigger than the XTS — at its Detroit-Hamtramck Assembly Plant.

GM CEO Mary Barra is planning to make the announcement Friday, the company confirmed.

The automaker has been installing new tools and equipment at Detroit-Hamtramck for the yet-unnamed flagship car. Production is expected to begin in the fourth quarter of 2015, GM said.

Sep 19 2014
Written by Dan Jedlicka | Posted on The Weekly Driver

Maybe you’d rather have a Lincoln. The 2014 Lincoln MKZ sedan turns heads, and it’s been a long time since this automaker has built a car that does that.