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 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.

  • Jun 30 2015

    Ford Focus RS Horsepower Revealed

    Written by Nigel Atkinson | Posted on Business 2 Community

    Let the horsepower wars begin as we reveal that the new Ford Focus RS will make a staggering 345 horsepower from its 2.3-liter EcoBoost four-cylinder. Step aside the Volkswagen Golf R the Subaru WRX STI, but not the Mercedes CLA45 AMG which pips the Ford with 355 hp and the Audi RS3 which is the current most powerful hatch with 362 hp.

    Also confirmed is the RS’s torque number figure, which is  325 lb-ft between 2000 and 4500 rpm. An overboost function allows for a maximum of 347 lb-ft for up to 15 seconds when the driver’s right foot is buried into the carpet.

  • Jun 30 2015

    Report: Dodge Increasing Hellcat Availability for 2016

    Written by Jake Holmes | Posted on Automobile Mag

    Dodge plans to ramp up availability of its 707-hp Hellcat supercharged V-8 engines for the 2016 model year after demand outstripped supply this year. Dodge is still building any 2015 Charger or Challenger Hellcat models already purchased, but stopped taking new orders several months ago after a "huge flood" of orders, Dodge and SRT brand president and CEO Tim Kuniskis told Automotive News.

    "We're going to build more [Hellcats] for 2016," Kuniskis told AN. "It's a small sliver of what we sell, but it really creates a halo for the rest of the lineup."

    Filed Under: Manufacturing Economy