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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.

Aug 30 2013
Written by Craig Trudell | Posted on BloombergBusinessweek

Ford Motor Co. (F:US), expanding output of its Fusion sedan to a U.S. plant, said that factory could produce another model as demand expands.

Aug 29 2013
Written by Tom Krisher | Posted on StarTribune Business

Sometime before the end of this decade, General Motors will put a car on the road that can almost drive itself.
 

Aug 29 2013
Written by Grace Macaluso | Posted on The Windsor Star

Chrysler Group may be the smallest of the Detroit Three car makers, but the Auburn Hills, Mich.-based company’s unprecedented sales streak on both sides of the border proves that  size isn’t everything.

Aug 29 2013
Written by Chris Woodyard | Posted on USA Today

If hot dogs, dates or steaks can be wrapped in bacon, why not a car?

That's the question that no one asked, but Ford is supplying an answer anyway: Now you can get your Fiesta subcompact swaddled in one of four vinyl wraps depicting luscious strips of bacon.

Filed Under: Manufacturing Economy
Aug 29 2013
Written by Dan Mihalascu | Posted on CarScoops

As part of the celebrations leading up to the 50th anniversary of the Mustang on April 17, 2014, and the launch of the all-new 2015 Mustang, Ford has released photos of some of the pony car studies that never made it to production.

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