Manufacturing Economy

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $775 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $125 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $6 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 more than 17 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 734,000 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, seven 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 HP, Boeing, and AT&T – 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 auto supplier.

Market Share vs. Jobs Share vs. Parts Share


 

 

 

  • Jul 02 2015

    FCA Up 8.2% on Strong Jeep and Chrysler 200 Sales

    Written by Larry P. Vellequette | Posted on Automotive News

    The Jeep brand and the Chrysler 200 both helped push Fiat Chrysler’s June sales up 8.2 percent, the automaker’s best sales for the month of June since 2006.
    FCA US said it had 185,035 sales in June, its 63rd consecutive month of year-over-year sales gains. Three of its five brands -- Chrysler, Jeep and Ram -- posted sales gains for the month, while sales of Dodge and Fiat brands fell sharply.

    Filed Under: Manufacturing Economy
  • Jul 01 2015

    Ford's Mustang Pulls Ahead in Sales Race

    Written by Michael Martinez | Posted on The Detroit News

    Ford Motor Co.'s Mustang is flexing its power in the race for best-selling muscle car.

    Sales of the Dearborn automaker's pony car are up 55 percent in the United States through the first five months of the year, and it's outselling its biggest rival — the Chevrolet Camaro — for the first time since 2009.

    Filed Under: Manufacturing Economy
  • Jul 01 2015

    Jeep Takes Rugged Path for Renegade SUV

    Written by Chris Woodyard | Posted on USA Today

    Trying to find success in what's quickly becoming a crowded field, Jeep has taken a tortuous path — literally.

    While a raft of similar new city-size crossovers will be competing to break through this year, Jeep executives believe their new Renegade will stand out as the one in the bunch with true off-road capability.

    In fact, only the top-level Trailhawk trim level is "trail rated" — Jeep's code words for its models truly able to take on the worst, rocky, rutted terrain. But officials are counting on the aura of that model's ruggedness to extend to all Renegades.

    Filed Under: Manufacturing Economy
  • Jul 01 2015

    General Motors Believed Ready to Announce Commercial-Truck Venture With Navistar

    Written by Bill Visnic | Posted on Forbes

    With the nation’s steadying economy accelerating demand for all manner of commercial trucks, the truck-production landscape is evolving – and revolving – as former partners and rivals scramble for position in what is projected to be a boom period for truck manufacturing.

    Filed Under: Manufacturing Economy
  • Jun 30 2015

    2016 Chevrolet Cruze Features New Ecotec Engines

    Written by Temur Tatishvili | Posted on The Financial

    The 2016 Chevrolet Cruze is powered by General Motors’ new, global family of Ecotec small-displacement engines, featuring a modular architecture that is easier to build and adaptable to global markets, while offering customers segment-challenging efficiency, refinement and durability.