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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.

Nov 20 2013
Written by Alisa Priddle | Posted on USA Today

Ford will unveil the 2015 Mustang, the next generation of the iconic pony car, on Dec. 5.

The unveiling will be held simultaneously in Dearborn; Los Angeles; New York; Barcelona, Sydney, Australia; and Shanghai.

The news broke Tuesday at an event at the Los Angeles Auto Show. This will be the first redesign since 2005 for the car and comes as car celebrates its 50th anniversary next year.

The 2015 Mustang will be a global car. Ford already announced plans to sell it in Europe.

Nov 20 2013
Written by Alisa Priddle | Posted on USA Today

Ford will unveil the 2015 Mustang, the next generation of the iconic pony car, on Dec. 5.

The unveiling will be held simultaneously in Dearborn; Los Angeles; New York; Barcelona, Sydney, Australia; and Shanghai.

The news broke Tuesday at an event at the Los Angeles Auto Show. This will be the first redesign since 2005 for the car and comes as car celebrates its 50th anniversary next year.

The 2015 Mustang will be a global car. Ford already announced plans to sell it in Europe.

Nov 20 2013
Written by AP | Posted on The Detroit News

The manager of the Chrysler assembly plant in Toledo says the facility will build more than a half-million Jeeps next year — making it one of the highest-volume assembly plants in North America.

That’s according to plant manager Zach Leroux, who spoke to a rotary club in Toledo Monday.

Chrysler builds the Jeep Wrangler and new Jeep Cherokee at the Toledo facility.

Nov 20 2013
Written by Bryce G. Hoffman | Posted on The Detroit News

Chrysler Group LLC kicked off the centennial of its Dodge brand Tuesday with special 100th Anniversary Editions of the Challenger and Charger that will go on sale next year.

Nov 19 2013
The Detroit News

A record nine automotive manufacturers will exhibit at the 2014 consumer electronics show — renamed 2014 International CES — as automakers seek to convince consumers that their brands have the best and most up-to-date onboard electronics.

The show’s organizers said Monday Audi, BMW, Chrysler, Ford, General Motors, Kia, Mazda, Mercedes and Toyota will showcase their latest technologies at the Jan. 7-10 show in Las Vegas — just a week before press preview days at the North American International Auto Show in Detroit.