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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


Sep 19 2014
Written by Dan Jedlicka | Posted on The Weekly Driver

Maybe you’d rather have a Lincoln. The 2014 Lincoln MKZ sedan turns heads, and it’s been a long time since this automaker has built a car that does that.

Sep 19 2014
Chrysler Media Group

Coming off SRT (Street and Racing Technology) Motorsports’ first Trans Am Series runner-up result in its most recent race, the team’s Dodge Challengers are eager to contend for a victory at Connecticut’s Lime Rock Park in the ninth Trans Am race of the 2014 season on Saturday, Sept. 20 – and will do so with a new, familiar face behind the wheel.

Filed Under: Manufacturing Economy
Sep 17 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. said Tuesday it will add about 750 new jobs and a third shift early next year at its Wentzville Assembly Plant in Missouri to help meet demand for the new 2015 Chevrolet Colorado and GMC Canyon pickups.

The Detroit automaker said dealers have ordered about 30,000 Colorado pickups, which is seven times what it expected. Dealers also have ordered about 14,000 Canyons.

“We have had some great dealer early input,” said Brian Sweeney, head of Chevrolet sales and service in the U.S., in an interview.


 

Sep 17 2014
Chrysler Media Group

SRT (Street and Racing Technology) Motorsports returns to Circuit of The Americas (COTA) with championship implications on the line during the penultimate round of the 2014 IMSA TUDOR United SportsCar Championship, the Lone Star Le Mans race weekend, Sept. 18-20.

Filed Under: Manufacturing Economy
Sep 16 2014
Written by Sam McEachern | Posted on GM Authority

Unless Rick Hendrick thwarts your chances, Barrett-Jackson is giving you the opportunity to own the very first 2015 Corvette Stingray to roll off the production line at its upcoming Las Vegas auction.

According to Corvette Blogger, the VIN 001 2015 Corvette will be an Arctic White 3LT Z51 example with an Adrenaline Red interior and the all-new eight-speed automatic transmission. No base models here.

Filed Under: Manufacturing Economy