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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 $143 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $17 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 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 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, seven out of the world’s top 25 corporate investors in research and development are automakers. General Motors and Ford each invest more each year on research and development than IBM, Qualcomm, and General Electric – 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.

From research labs to dealership lots, the auto sector supports over 7 million U.S. jobs.

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $706 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $104 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $17 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 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 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, 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 IBM, Qualcomm, and General Electric – 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.

Market Share vs. Jobs Share vs. Parts Share


Feb 06 2015
Reuters

General Motors Co plans to begin building the Chevrolet Bolt, its all-new $30,000 electric car, in October 2016 at an underused small-car plant north of Detroit, two supplier sources said.

Despite the heavy hype surrounding the car's unveiling last month at the Detroit auto show, the sources said, GM's production target for the Bolt is relatively modest, at about 25,000-30,000 cars a year.

Feb 06 2015
Written by Patrick Rall | Posted on Torque News

While the Dodge Challenger trailed both the Ford Mustang and Chevrolet Camaro in January sales, the numbers from the first month of 2015 are a very clear sign that the 2015 Challenger has led to a big spike in muscle car sales for the Chrysler Group – one which is likely to continue as we get into the summer.

Filed Under: Manufacturing Economy
Jan 15 2015
Written by Sam McEachern | Posted on GM Authority

The Buick Avenir has been handed down this year’s year’s EyesOn Design Award for the “Best Designed Concept Vehicle,” at the North American International Auto Show in Detroit. The EyesOn Design Awards “honor the most significant automotive designs revealed at NAIAS,” the organizations says, and are chosen by “North American and global leaders of design from automotive manufacturers,” and other design leaders.

Filed Under: Manufacturing Economy
Jan 15 2015
Chrysler Media Group

FCA US LLC kicks off 2015 by winning four IHS Automotive Loyalty Awards.

The Chrysler Town & Country received its 14th consecutive Loyalty Award in the Non-Luxury Mid-size Van category, extending its own record of consecutive wins. The Jeep® Grand Cherokee nabbed its sixth award in the Non-Luxury Mid-size SUV category and the Dodge Challenger was honored in its category for the third time. Jeep Wrangler won the Non-Luxury Compact SUV award for the second consecutive year.

Filed Under: Manufacturing Economy
Jan 12 2015
Written by Jared Bernstein | Posted on The New York Times

If the new Congress can agree on anything this year, it may well be the Trans-Pacific Partnership, a trade deal between the United States and 11 other countries throughout the Asia-Pacific region. Passions run high when it comes to trade deals these days, and the Obama administration is working hard to sell it to labor unions, which roundly oppose it.