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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.

Nov 25 2014
Chrysler Media Group

 The editors of Motor Trend today named the Ram 1500 the winner of their 2015 half-ton truck shootout.

Filed Under: Manufacturing Economy
Nov 24 2014
Written by Greg Gardner | Posted on Detroit Free Press

General Motors will invest $200 million in two Oakland County plants to prepare for production of a yet-to-be-named new model.

The Orion assembly plant will received $160 million for tooling and equipment, while GM will spend $40 million at the Pontiac Metal Center for new dies.

The projects are part of nearly $300 million in Michigan investments that GM CEO Mary Barra mentioned last month in a speech at the Detroit Economic Club.

Filed Under: Manufacturing Economy
Nov 24 2014
Written by Brent Snavely | Posted on Detroit Free Press

One night. Five Chrysler brands.

And five of the hottest pop and hip-hop stars in new ads for Fiat Chrysler Automobiles.

That's what Chrysler and Interscope Records delivered during Sunday night's American Music Awards.

The automaker debuted five new ads during the show with appearances and music video footage from Eminem, Phillip Phillips, Fergie, Gwen Stefani and Imagine Dragons.

Each recording artist, or footage from their music videos, was included in commercials that aired during the music award show for the Dodge, Ram, Chrysler, Fiat and Jeep brands.

Filed Under: Manufacturing Economy
Nov 21 2014
Ford Media Center

Ford Mustang is being hailed as “one of the most approachable performance cars on the planet,” with today’s announcement that the 2015 Mustang GT has earned “The Esquire Car of the Year” award. The Esquire awards honor vehicles that are stunning and stylish, yet affordable, attainable and fun to drive.

Filed Under: Manufacturing Economy
Nov 20 2014
Ford Media Center

The all-new 2015 Ford Mustang GT has been named to Car and Driver’s 10Best cars list for 2015 – the ninth time Mustang has made the list since the award’s inception 33 years ago.

Car and Driver’s 10Best list recognizes the best new cars available in the United States for under $80,000. Mustang has been honored four of the last five years.

“Dive into a series of challenging turns in the Mustang and you're not driving a car, you're wearing wheels,” Car and Driver commented.  “It reminds us that driving a great car can be play, something that even grownups enjoy.”

Filed Under: Manufacturing Economy