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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 26 2013
CBS DFW

General Motors is investing more than $500 million to improve its Arlington assembly plant, which means more jobs are on the way. GM is dedicating $200 million to a stamping facility that will press out components of the company’s upcoming line of new full-size SUVs, the Chevrolet Tahoe & Suburban, GMC Yukon & Cadillac Escalade.

Aug 26 2013
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. said Friday its Chevrolet brand will return to advertise in the next Super Bowl after the automaker sat on the bench during the big game earlier this year.

Filed Under: Manufacturing Economy
Aug 26 2013
Written by Alex Knapp | Posted on Forbes

Last week, Ford Motor F +0.24% Company announced that it is joining up with the St. Petersburg Polytechnic University in Russia on a three year project. Their mission? To study how robots communicate in space so that one day in the future, you’ll have a smarter car.

Aug 26 2013
Automotive News

Chrysler used Detroit's Woodward Dream Cruise to create a little buzz for a new concept truck called the Rumble Bee, surely the first vehicle to come with a genuine insect as standard equipment.

Aug 23 2013
GM News

DETROIT – Chevrolet’s small and compact car sales are up 229 percent year over year, from the second quarter of 2010 to the same quarter this year, evidence of the brand’s continuing success in attracting buyers of all ages including millennials, whose purchase priorities include advanced technology, fuel economy, functionality and affordability.

Chevrolet’s share of buyers under 35 continues to increase year over year, led by vehicles such as the Cruze, Sonic, and, most recently, the Spark mini car. Leading the segment is the Cruze, which is among the top-selling Chevrolet vehicles to those under 25. One in four Sonic and Spark buyers are also under 25, while almost six in 10 buyers of those cars are new to Chevrolet.  

Filed Under: Manufacturing Economy

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