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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 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
Dec 09 2014
Ford Media Center

The all-new Ford F-150 pickup – the toughest, smartest and most capable F-150 ever – will be the Official Vehicle of the 2015 International CES.

CES, which will take place Jan. 6-9, 2015 in Las Vegas, is owned and produced by the Consumer Electronics Association and is the world’s largest hands-on showcase of emerging innovation.

Filed Under: Manufacturing Economy
Dec 04 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co.'s new Chevrolet Colorado pickup is Motor Trend magazine's unanimous 2015 Truck of the Year winner, beating out the expected frontrunner, the new aluminum-bodied Ford F-150.

The magazine and Chevy made the announcement Wednesday in an engineering employee meeting at the GM Tech Center in Warren. It's the first major award for the Colorado, which went on sale this fall after GM re-entered the midsize truck market after a more than two-year absence.

Filed Under: Manufacturing Economy
Dec 03 2014
Written by Diego Rosenberg | Posted on GM Authority

It’s finally solidified, and we can confirm that the  first-ever 2016 Cadillac CT6 will bow at the 2015 New York International Auto Show, just as its staff should be starting to settle into its SoHo headquarters. The 2016 CT6 will also fortify Cadillac’s new marketing strategy, which is also one of the reasons for the brand’s move to NYC. Balance sheet independence should follow by 2017.