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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 26 2014
Chrysler Media Group

SRT (Street and Racing Technology) Motorsports claimed its first victory in the Trans Am Series at Lime Rock Park last Saturday and now enters Virginia International Raceway (VIR) with momentum for the 10th and penultimate race of the Trans Am Series season on Sunday, Sept. 28.

Cameron Lawrence piloted the No. 1 Dodge Challenger SRT to victory lane at Connecticut’s Lime Rock Park, marking the first Trans Am win for SRT Motorsports in the group’s third series race after Miller Racing began fielding Challengers in the TA2 class in August.

Filed Under: Manufacturing Economy
Sep 25 2014
Chrysler Media Group

With sales of the Ram 1500 on a 52-month sales streak, Chrysler Group’s Warren Truck Assembly Plant (Mich.) is increasing production. The plant that built back-to-back Motor Trend Truck of the Year winners in 2013 and 2014 will be building an average of an additional 100 vehicles a day or 38,565 more trucks a year to keep up with demand.

Filed Under: Manufacturing Economy
Sep 25 2014
Written by Madeline O’Leary | Posted on Bloomberg

Ford Motor Co. (F), the second-biggest automaker in the U.S., hired more than 14,000 domestic workers since 2011, exceeding a pledge it made three years ago that it would recruit 12,000 by 2015.

In its latest hiring round, Ford is adding 1,200 more jobs at its Kansas City Assembly Plant where increased demand for the Transit cargo van and the Ford F-150 truck brought 2,800 new hires in 2012 and 2013.

Sep 24 2014
Written by David Shepardson | Posted on The Detroit News

General Motors Co. CEO Mary Barra said the move of the Detroit automaker’s Cadillac brand headquarters to New York will help accelerate progress at the luxury brand.

“When you look at how important Cadillac is, we need to have that team dedicated — thinking Cadillac day in and day out,” Barra told reporters after appearing on a panel at the Clinton Global Initiative’s annual meeting here. “When you think about New York, it’s the perfect place to be. It’s where a lot of luxury is defined. It’s trend-setting — so I think it’s going to be very, very positive.

Sep 24 2014
Written by Michael Wayland | Posted on The Detroit News

The 2015 Renegade is expected to be a gateway vehicle for the Jeep brand, according to Chrysler's design chief.

Ralph Gilles, Chrysler senior vice president of product design, said that after buyers experience the small sport-utility vehicle, they'll keep coming back to the Jeep brand.

"People will keep coming back once they get a taste of this thing," he said Tuesday morning during the Detroit Regional Chamber's 2014 MICHauto Summit in Detroit.