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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 18 2013
Ford Media Page

Ford Motor Company announced today that 2013 is expected to be one of the best years in its history and projects 2014 to be another solid year for the company with 23 global product launches and continued investments around the world as the next step in its One Ford plan for profitable growth.

Filed Under: Manufacturing Economy
Dec 18 2013
Written by Zacks Equity Research | Posted on Zacks

General Motors Company announced that it will be investing $1.3 billion in 5 manufacturing plants located in 3 states of the U.S. The automaker will be using the investment for producing new fuel-efficient engines and transmissions and to upgrade assembly plants.

The five manufacturing plants in which General Motors will be investing include; assembly plants in Flint and Detroit and an engine plant in Romulus, Mich., a transmission factory in Toledo, Ohio, and a casting plant in Bedford, Ind.

Dec 17 2013
Ford Media Page

The most technologically advanced version of Ford’s iconic pony car will take center stage at the 2014 International CES® as the all-new Mustang is recognized as “Official Car” of the world’s largest hands-on showcase of emerging innovation. 2014 International CES will be held Jan. 7-10, 2014, in Las Vegas; the show is owned and produced by the Consumer Electronics Association®.

Dec 16 2013
Written by James Nelson | Posted on Examiner.com

The Grinch was nowhere to be found Friday, Dec. 13 in or near the Warrior & Family Support Center (WFSC) at the San Antonio Military Medical Center (SAMMC). Ram Truck brand and its parent, Chrysler Group LLC, made sure of that.
    
Friday was the occasion of the annual Wounded Warrior family Christmas luncheon with Santa handling out gifts for the Wounded Warrior family children during the hour.

Then, to everyone's surprise, Santa came back to the center a second time with an extra special delivery for the WFSC and the children

Dec 16 2013
Written by Damian and Siobhan Hughes | Posted on The Wall Street Journal

House and Senate negotiators have reached agreement on legislation to speed congressional approval of foreign trade pacts, including a major Asia-Pacific agreement the administration hopes to complete early next year.

The Trade Promotion Authority legislation, also known as "fast-track," would include language directing trade negotiators to consider currency issues as a "negotiating objective" in future trade talks, according to people familiar with the deal. The language is an attempt to...