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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.

Jan 10 2014
Written by Benjamin Preston | Posted on The New York Times

Although Mopar has been Chrysler’s parts and service moniker since before World War II, it was during muscle-car craze of the 1960s that it came to be identified with performance aftermarket parts. At the North American International Auto Show in Detroit next week, Chrysler will have a sizable Mopar display as part of its 5,500-square-foot spread, showing off several vehicles laden with aftermarket parts.

Jan 10 2014
Written by Doug Palmer and Adam Behsudi | Posted on Politico Pro

Three senior lawmakers on Thursday unveiled long-awaited legislation to help President Barack Obama strike major trade deals in Asia and Europe, setting the stage for a potential election-year battle between the president and many of his fellow Democrats in Congress.

Jan 10 2014
Written by Brian Wingfield, Laura Litvan and Michael C. Bender | Posted on Bloomberg Politics

Congressional leaders who oversee trade policy introduced legislation today that would give President Barack Obama the fast-track authority he is seeking to enact three of the world’s largest accords.

House Ways and Means Committee Chairman Dave Camp of Michigan joined leaders of the Senate Finance Committee to offer legislation on so-called trade-promotion authority, which subjects trade deals to an up-or-down vote by Congress.

Jan 09 2014
Written by Joielle Hoyle | Posted on GM Authority

The Clean Energy Patent Quarterly Crown [CEPQC] was awarded to General Motors for having exactly 40 clean energy patents in the last quarter of 2013. The CEPQC is distributed quarterly by the Clean Tech Group at Heslin, Rothernberg, Farley & Mesiti PC. The Clean Tech Group has been issuing this award in the U.S. since 2002 and according to a quarterly report issued last year, the CEPQC currently has a total of 757 U.S. granted patents.

Jan 09 2014
Written by Michael Wayland | Posted on MLive

Chrysler Group LLC today announced the return of its special-edition Ram 1500 Mossy Oak Edition for outdoor enthusiasts.

After a one-year hiatus, the Auburn Hills-based automaker will offer the full-size pickup as a 2014 model. It will be available early this year starting at $39,985, plus $1,195 destination charge.