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.
The Las Vegas Convention Center has plenty of space for aftermarket companies and automakers to show off their wares, and it looks like Chrysler is taking advantage of the spacious floor plan. At next month's SEMA Show, Chrysler will have a full 20 cars from its six brands decked out with Mopar gear.
As a hint of what is to come, Chrysler released a handful of teaser sketches showing glimpses of modified Jeep Cherokee, Ram 1500, Fiat 500L and Chrysler 300 concept vehicles. The automaker will also use the venue to show off a new line of Jeep Performance Parts offered by the all-new Mopar Off-Road Division. In addition to the images, Chrysler also issued a brief press release – posted below – breaking down some of the "industry-first features" that Mopar has offered in recent years.
Chrysler Group LLC released sketches Tuesday of Mopar-modified vehicles it plans to showcase at the Specialty Equipment Market Association show, or SEMA, in Las Vegas.
“We developed these Mopar-modified vehicles to inspire ultimate customization,” said Pietro Gorlier, president of Chrysler’s Mopar division. “With catalogs full of proven, quality-tested performance parts and accessories, Mopar is a one-stop shop for factory-engineered personalization.”
WAYNE, MICH. — Ford plans to boost global production by one-third to 8 million vehicles annually by 2017, primarily by requiring every assembly plant to make four different models.
The Dearborn-based automaker has 130,000 plant employees who are on pace to make about 6 million vehicles worldwide this year, said John Fleming, Ford's head of global manufacturing,
The Chrysler Foundation is reaching out to help Colorado rebuild roads, washed out by extreme flooding. The foundation is donating $50,000 to the First Response Team of America, a disaster relief organization that is working in Colorado to clear and rebuild impassable roads.