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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 27 2013
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. said Monday it has entered into a multi-year sponsorship with the University of Texas Athletics program in which the Chevy Silverado pickup will serve as the official truck of the Texas Longhorns and will pull Bevo, the Longhorns’ live mascot, to events.
 

Aug 27 2013
Written by Nathan Bomey and James R. Healey | Posted on USA Today

Cadillac took a step closer to producing a new large flagship vehicle for Cadillac with the introduction of the Elmiraj grand coupe concept.
 

Aug 26 2013
Written by Lance Murray | Posted on Dallas Business Journal

Massive presses arrived Friday at the General Motors Assembly Plant, bringing the facility's new $200 million stamping plant closer to completion.

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

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