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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


Jan 07 2015

For Immediate Release:
January 7, 2015
Contact: Adam Temple
info@americanautocouncil.org
(202) 400-2610

 

 

Filed Under: Manufacturing Economy
Jan 07 2015
Written by Sam McEachern | Posted on GM Authority

With a new year comes new cars, and 2015 will see General Motors add multiple exciting products to its Cadillac and Chevrolet product portfolios. It will all start at the North American International Auto Show in Detroit next week, but we thought we’d give you a preview of the product onslaught so you know exactly what to expect from The General throughout the year.

1. 2016 Cadillac CT6

Jan 07 2015
Written by Michael Martinez | Posted on The Detroit News

Ford Motor Co.’s 2015 F-150 pickup on Tuesday was named Truck Trend Magazine’s 2015 Pickup Truck of the Year.

The latest version of Ford’s best-selling vehicle is made with an aluminum body that helps save up to 700 pounds compared to previous models.

“The 2015 Ford F-150 is our toughest, smartest and most capable F-150 ever, and Truck Trend’s Pickup Truck of the Year award reinforces that this is truly the best choice for America’s truck buyers,” Joe Hinrichs, Ford’s president of the Americas, said in a statement. “We are proud to receive this award.”

Filed Under: Manufacturing Economy
Jan 07 2015
Written by Brent Snavely | Posted on Detroit Free Press

Fiat Chrysler Automobiles said Tuesday it sold more than 1 million Jeeps worldwide last year — a record number and clear evidence of a successful strategy to retool the brand's lineup to improve international marketing and sales.

The company plans to nearly double that figure in five years with new plants coming online in China and Brazil, two of world's largest vehicle markets, along with production of the Jeep Renegade in Italy, said Mike Manley, president and CEO of the brand.

Filed Under: Manufacturing Economy
Jan 06 2015
Written by Alisa Priddle | Posted on Detroit Free Press

What started as a handful of engineers on a feasibility mission grew to more than 1,000 working to create the new 2015 Ford F-150 with an aluminum body and a number of other new technologies.

The fact-finding began in 2008 for a truck that would reach dealerships now. It was a longer gestation than normal for a new vehicle because the transformation of the truck and the plants that make it was so extensive.