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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


May 01 2015
Written by Patrick Rall | Posted on Torque News

Earlier this week, we were talking about the limited edition 2015 Shelby GT350 and GT350R Mustangs that will be available in very limited numbers, with only 100 of the GT350 and 37 of the GT350R made for the 2015 model year. These cars will likely be very expensive and very hard to get, but it is expected that Ford will build thousands of new Shelby GT350 Mustang models for the 2016 model year.

Filed Under: Manufacturing Economy
May 01 2015
Chrysler Media Group

The Ram Truck brand celebrates the hard work, dedication and courage it takes to succeed in a new 60-second commercial airing this Saturday, May 2, in the 141st Running of the Kentucky Derby telecast on NBC, as part of the brand’s multi-tier sponsorship of Churchill Downs and the Kentucky Derby.

“Courage is Already Inside” salutes the character of strong women who have met and overcome many challenges on the road to achieving their goals, including two-time Kentucky Oaks winning jockey Rosie Napravnik.

Filed Under: Manufacturing Economy
Apr 30 2015
Written by Greg Gardner | Posted on Detroit Free Press

General Motors will announce a new round of plant investments Thursday at its Pontiac Metal Center just as an independent report found the company's U.S. manufacturing employment reached its highest level last year since the 2009 bankruptcy.

Thursday's news is expected to detail upgrades at the Pontiac stamping operation, Delta Township assembly plant near Lansing and other locations. This week local officials in Arlington, Tex., voted on incentives for a $1.2 billion expansion of the assembly plant that produces the Cadillac Escalade, Chevrolet Tahoe and Suburban and GMC Yukon.

Apr 30 2015
Ford Media Center

 Ford Motor Company has been named the “Most Innovative Volume Brand 2015” for its safety and semi-autonomous driver technologies at the tenth annual AutomotiveINNOVATIONS awards.

The Centre of Automotive Management based in Germany named Ford the category winner after considering innovations from 18 global automotive groups representing 53 brands. The new Ford Focus also won in its class, and the all-new Ford Mondeo was in the top three for its segment.

Apr 30 2015
Chrysler Media Group

General Motors will announce a new round of plant investments Thursday at its Pontiac Metal Center just as an independent report found the company's U.S. manufacturing employment reached its highest level last year since the 2009 bankruptcy.

Thursday's news is expected to detail upgrades at the Pontiac stamping operation, Delta Township assembly plant near Lansing and other locations. This week local officials in Arlington, Tex., voted on incentives for a $1.2 billion expansion of the assembly plant that produces the Cadillac Escalade, Chevrolet Tahoe and Suburban and GMC Yukon.

Filed Under: Manufacturing Economy