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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 20 2013
Written by Kirk Bell | Posted on Daily News

Ford captured automotive headlines recently with the unveiling of the 2015 Mustang. This brand-new Mustang goes on sale spring, almost exactly 50 years after the first Mustang was introduced on April 17, 1964 at the New York World's Fair.

Dec 19 2013
Written by David Undercoffler | Posted on LA Times

Ford has announced it is joining a growing list of automakers who are taking a serious look at the future of self-driving cars.

The automaker has teamed up with the University of Michigan and State Farm Insurance to develop an autonomous Ford Fusion Hybrid test car. The collaboration will use the car to develop technologies that Ford and its suppliers can use on a future generation of vehicles.

Dec 19 2013
Chrysler Media Page

The 2014 Dodge Dart, Dodge Avenger and Chrysler 200 sedans have achieved Top Safety Pick ratings from the Insurance Institute of Highway Safety (IIHS).

The announcement, made today, marks the sixth time the IIHS has commended the Avenger and 200 mid-size sedans. Meanwhile, the insurance industry organization has hailed the Dart compact sedan each year since it arrived on the market in 2012.

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.