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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.

Nov 04 2013
Written by Kyle Stock | Posted on Bloomberg Businessweek

Smarmy newsman Ron Burgundy looks like he crawled off a car lot. As it turns out, the reprised Will Ferrell character from Anchorman might actually be able to sell a car. Chrysler (3318058z) reported an 11 percent increase in vehicle sales last month, with sales of Durangos up 59 percent. That’s the SUV at the center of most of the ads starring Ferrell as Burgundy—which made its debut at the beginning of October.

Filed Under: Manufacturing Economy
Nov 04 2013
Written by Robert Sorokanich | Posted on Gizmodo

On November 2nd, 1983, the world's first minivan rolled off of Chrysler's assembly line. It was the vehicle that saved Chrysler from financial doom — and in the process, shaped the automotive landscape for thirty years to come.

Nov 04 2013
Written by Joseph Capparella | Posted on Motor Trend

Chrysler’s sales were up 11 percent this month to a total of 140,083 units sold this month. This is the 42nd consecutive month of year-over-year sales increases, and the company’s best September since 2007. The Jeep Compass, with its 68 percent increase, was the highest growing model. Year-to-date sales for Chrysler are strong as well, with the 1,497,086 units moved through the first 10 months of 2013 representing a 9 percent increase over last year.

Nov 04 2013
Written by James R. Healey and Fred Meier | Posted on USA Today

The Chrysler Group said today that its October sales jumped 11% from a year ago to the best October since 2007.

It was a 43rd consecutive month of year-over-year sales gains as the company sold 140,083 cars and trucks, with the Chrysler, Dodge, Ram and Jeep brands all posting gains.

The U.S. sales boom for pickups lifted the Ram Truck brand 22%, best of any Chrysler brand, with the Ram pickup up 18% to 29,846.

Nov 04 2013
Written by AP | Posted on Los Angeles Times

The government shutdown didn't stall Americans' demand for new cars and trucks...

...Here are the October results announced Friday:

Filed Under: Manufacturing Economy