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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.

Dec 16 2013
Written by David Shepardson | Posted on The Detroit News

Two key senators said Friday they want Congress to include provisions discouraging currency manipulation in legislation on fast-track authority on free trade agreements.

Sens Carl Levin, D-Detroit, and Rob Portman, R-Ohio, co-chairs of the Senate Auto Caucus, want Congress to include strong, enforceable currency provisions in the forthcoming Trade Promotion Authority bill, which will give the administration fast-track authority to negotiate trade deals and get up or down votes.

Dec 13 2013
The Blade

The Toledo-built Jeep Cherokee is one of three finalists for truck/​utility vehicle of the year, one of the most prestigious awards in the industry.

The 2014 North American Car and Truck of the Year will be announced Jan. 13 during media day at the North American International Auto Show in Detroit.

A jury of 48 automotive journalists tested 24 new or redesigned vehicles, and the finalists were announced at an Automotive Press Association luncheon at the Detroit Athletic Club.

Filed Under: Manufacturing Economy
Dec 13 2013
Ford Media Page

Ford Motor Company next year will launch 23 new vehicles to customers around the world, open three more manufacturing facilities and add more than 5,000 new jobs in the United States to meet growing demand for its products.

“Next year, we are embarking on our most ambitious global launch year ever to meet customer demand for our products around the world,” said Raj Nair, group vice president, Ford global product development. “We are investing even more through our One Ford plan to serve more customers, in more segments – and deliver profitable growth.”

Dec 13 2013

Transatlantic Auto Industry Pushes for Progress on EU/US Trade Deal

Dec 12 2013
Written by Kevin Davis | Posted on Autotalk

Chrysler Group LLC announced that they will launch a new compact van for the North American market anytime in 2014 i.e. next year.

The new 2015 Ram ProMaster City will be based upon the Fiat Doblo, which is the winner of International Van of the Year award for two times.