You are here

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.

Sep 05 2013
Written by James R. Healey, Chris Woodyard and Fred Meier | Posted on USA Today

Fueled by better products, low-interest loans, cheap leases and intense Labor Day shopping, Detroit car companies beat analysts estimates and reported numerous sales records for brands and models in August.

"The news is even more positive than the overall numbers imply, as individual car buyers, not fleet sales, are behind the surge," says Edmunds.com senior analyst Michelle Krebs. And sales incentives of all kinds were down 3% from from July to $2,374, Edmunds.com estimates, though were up 3% from last August.

Filed Under: Manufacturing Economy
Sep 05 2013
Written by Jerry Hirsch | Posted on Los Angeles Times

Strong August auto sales numbers revealed a problem last month that Ford, GM and Chrysler once would have begged for — not enough cars to sell.

Automakers sold 1.5 million vehicles last month, a 17% gain over the same month a year ago and one of the best showings since 2007, before the Great Recession set in, according to Autodata Corp.

Filed Under: Manufacturing Economy
Sep 04 2013
Written by Melissa Burden | Posted on The Detroit News

Chrysler Group LLC said Wednesday that its U.S. sales of 165,552 in August rose 11.5 percent over the same month last year, marking its best August sales month in six years.

The Auburn Hills-based automaker said its Chrysler, Jeep, Dodge, Ram Truck and Fiat brands posted year-over-year sales gains in August, led by Ram which posted a 29 percent gain. Six Chrysler Group vehicles had record sales for August and the Dodge Journey posted its best sales month ever at 8,890.


 

Filed Under: Manufacturing Economy
Sep 04 2013
Torque News

The Chrysler minivan turns 30 years old later this year and to celebrate the vehicles that literally invented the minivan segment – the Chrysler Town & Country and Dodge Grand Caravan will both benefit from a new 30th Anniversary Edition packages for 2014.

The Dodge Caravan was introduced for the 1984 model year and the first ever minivan rolled off of the assembly line in Windsor Ontario on November 2nd 1983. That means that the original minivan will turn 30 years old in a couple months and to celebrate that monumental occasion, the company will offer up 30th Anniversary Edition models of both the Chrysler Town & Country and the Dodge Grand Caravan for the 2014 model year.
 

Filed Under: Manufacturing Economy
Sep 04 2013
Written by Jay Ramey | Posted on Autoweek

This year has seen quite a few important automotive milestones. Aston Martin celebrated its centennial, and the Porsche 911 turned 50, as did the Lotus Elan. Even Cunningham had a milestone to celebrate, with the marque founded by Briggs Cunningham turning 60. An anniversary you might not have heard about with all the hubbub surrounding the celebrations at Pebble Beach, Lime Rock and other venues is Chrysler's minivans turning 30.
 

Filed Under: Manufacturing Economy

Pages