Manufacturing Economy

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $775 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $125 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $6 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 more than 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 734,000 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 HP, Boeing, and AT&T – 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 auto supplier.

Market Share vs. Jobs Share vs. Parts Share


 

 

 

  • Jun 01 2015

    Buick introduces cheaper base models for Regal, Verano

    Written by Melissa Burden | Posted on The Detroit News

    General Motors Co.’s Buick brand is cutting the starting price on its 2015 Regal and Verano sedans by more than $2,000 each, by introducing two new 1SV base models. The automaker said the move helps it better compete and attract customers looking for bargains and value.

    Filed Under: Manufacturing Economy
  • May 29 2015

    GM to invest $175M in Lansing, bring back 2nd shift

    Written by Melissa Burden | Posted on The Detroit News

    General Motors Co. said Thursday it will add back a second shift and 500 workers in late summer, and invest $175 million at its Lansing Grand River Assembly Plant for production of the sixth-generation Chevrolet Camaro beginning this fall.

    The plant, which employs about 1,300 hourly and salaried workers on one shift, cut its second shift earlier this year amid slow demand for the Cadillac CTS and ATS cars. About 450 hourly workers were laid off.

  • May 28 2015

    Production of the FCA US Pentastar V-6 Engine Family Surpasses 5 Million

    | Posted on Chrysler Media Group

    Cementing its status as an FCA US LLC workhorse, total production of the Pentastar V-6 engine family surpassed the 5-million mark earlier this month.

    First introduced in the 2011 Jeep® Grand Cherokee, the Pentastar V-6 is the most advanced six-cylinder engine in the history of FCA US, with an ideal integration of select technologies that deliver refinement, fuel efficiency and performance. Today, Pentastar V-6 engines are available in 14 vehicles from the Chrysler, Dodge, Jeep and Ram brands.

    Filed Under: Manufacturing Economy
  • May 27 2015

    GM to invest $1.2B in Fort Wayne plant

    Written by Melissa Burden | Posted on The Detroit News

    General Motors Co. said Tuesday it will invest $1.2 billion at its Fort Wayne Assembly Plant in Roanoke, Indiana, the latest announcement tied to the company's $5.4 billion in spending at U.S. plants over three years.

    The Detroit automaker said Fort Wayne will get a new pre-treating paint operation, plus an expanded body shop; larger material parts sequencing centers; and upgrades to the general assembly area for light- and heavy-duty trucks. Work is set to begin next month and will take several years to finish, GM said.

    Filed Under: Manufacturing Economy
  • May 26 2015

    GM wrings more pickups out of busy plant

    Written by Mike Colias | Posted on Automotive News

    Dealers are starving for more hot-selling Chevrolet Colorado and GMC Canyon pickups. And workers at General Motors' St. Louis-area truck plant are starving themselves to eke out a few more of them.

    The Wentzville, Mo., factory recently cut an unpaid lunch break, part of a broader schedule reshuffling that eliminated the six-minute production lulls between shifts. The result: An extra 18 minutes of production in a three-shift day, which should translate into more than 3,500 more trucks a year.