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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


Jan 06 2015
Written by Alisa Priddle | Posted on Detroit Free Press

What started as a handful of engineers on a feasibility mission grew to more than 1,000 working to create the new 2015 Ford F-150 with an aluminum body and a number of other new technologies.

The fact-finding began in 2008 for a truck that would reach dealerships now. It was a longer gestation than normal for a new vehicle because the transformation of the truck and the plants that make it was so extensive.

Jan 05 2015
Written by Christina Rogers | Posted on The Wall Street Journal

General Motors Co.GM -1.69% took journalists by surprise Sunday night when it offered a glimpse of its next-generation Chevrolet Volt plug-in electric vehicle ahead of its official unveiling at the Detroit auto show next week.

The company offered no details about the car. GM officials just opened the curtains for a few minutes–enough to snap a couple photos–and closed them at a press event during the Consumer Electronics Show in Las Vegas.

Filed Under: Manufacturing Economy
Jan 05 2015
Chrysler Media Group

 FCA US LLC began exterior construction on its Windsor (Ont.) Assembly Plant today, using a 600-ton crane to start installing 200 pieces of structural steel to create a new conveyor enclosure on the plant’s roof.

Filed Under: Manufacturing Economy
Dec 23 2014
Associated Press

Production of the Chevrolet Colorado and GMC Canyon pickup trucks at the General Motors plant in Wentzville is providing an economic boost not just in the eastern Missouri town but throughout the region.

The St. Louis Post-Dispatch reports that since GM began producing the midsize pickups this fall, about 10 automotive suppliers in Missouri have begun to supply glass, wheels and acoustic and battery components. That is resulting in more jobs and more security for the suppliers.

Filed Under: Manufacturing Economy
Dec 19 2014
Travelers Today

2015 Mustang Convertible from Ford Motor Company has recently announced that the American multinational automaker will be presenting its newest vehicle for dealership this month. These ragtop luxury cars will be commanding a $5,500 premium over their fastback V-6 and V-8 counterparts.

Filed Under: Manufacturing Economy